In recent months there has been an increasing call among writers and thinkers in the social sector for growth capital in the nonprofit sector. In the for-profit sector, successful businesses reach a point at which they need significant investment capital (separate from operating revenue) to grow their business to the next level. Successful nonprofits have similar needs. However, foundations and individuals, for the most part, are hesitant to fund something other than program or general operating expenses. A handful of foundations, though, are starting to realize that making a significant ($1 million+) one-time investment in a nonprofit that has proven success and needs capital to scale their program makes a lot of sense. In the most recent issue of the Standford Social Innovation Review, you can read more about Money to Grow On. Their online articles are for subscribers only, so if you aren’t already, you should consider becoming one. Money very well spent.
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