How It Works
Step 1: Social Ventures populate their Profile
• Social Venture Name
• Annual Revenues
• Type and Amount of Investment Capital Seeking
• Social Impact Dashboard
• Team Members and Related Competencies
• Business Plan
• Pitch Deck.
Step 2: Social Impact Investors populate their Profile:
• Social Impact Company Investment Name
• Annual Social Impact Investment Fund
• Type of Investments Provided
• Social Impact Investment Portfolio.Social Investors are recruited to the platform based on the the following criteria:
1. The foundation or investor has an open, publicly advertised request for proposals, with initial external peer review and a proposal format and review process that is brief, iterative, and conducive to mutual learning. The foundation is transparent with respect to its grantmaking practices, structure and composition.
2. The foundation or investor provides a minimum of three years of funding support to a not-for-profit OR allows for healthy of administrative support (20-25%) allowing for not-for-profits to build strong fiscal infrastructures.
3. The foundation or investor provides general operational support to the not-for-profit holding them accountable to agreed upon grant outcomes vs. not processes or budget line items.
4. The foundation or investor spends a “fair” proportion of its total giving on foundation administrative infrastructure. The foundation President/Executive Director/CEO earns a “fair” equivalent/percentage to their total giving. The purpose of these criteria is to encourage foundations to be conscious of their spending practice ratios of internal infrastructure vs. external grants.
5. The foundation or investor fosters risk taking, learning and innovation in the non-profit sector by providing support to seed and test new initiatives.
6. The foundation or investor does not require stand-alone charitable status or multi-year financials, embracing other nonprofit structures, such as fiscal sponsorship, joint ventures, and public-private partnerships.
7. The foundation or investor exercises current best practices in accessibility and applies direct effort to reaching traditionally marginalized communities.
8. The foundation or investor does not require standards of charitable compliance for applicants greater than those required by local charitable regulators and taxing authorities.
9. The foundation or investor reflects it’s giving mission through its organizational behavior reflected in board and staff ethnicity and gender diversity.
10. The foundation or investor has an intentional and structured feedback loop system with its grantees/investees.
Step 3: Social Ventures are scored and ranked on the Impact First Market Platform based upon impact and financial data/performance. Social Ventures use the following Scorecard/Criteria:
Step 4: Regional Networking Events are held allowing social ventures to meet with Impact Investors.