On Wednesday, March 20 from 8:30-10:00 a.m. Network for Good is convening a breakfast meeting of Chicagoland grantmakers hosted by The Chicago Community Trust to present and discuss how we can leverage combined resources to strengthen and build the capacity of nonprofits with missions and programs that create racial equity, diversity and inclusion in our communities.
A plan to address chronic underinvestment in developing minority nonprofit talent
While Chicago has the benefit of philanthropists and certainly funders who are aligned on the path forward and the aspirational objectives, we also know many of the organizations needed to fulfill the vision do not have the staff, infrastructure, and technical expertise to establish, stabilize, or diversify revenue to easily expand the reach of their programs – to engage more of the target populations.
Seed funding has already been secured and allocated for Chicago
Replicating its co-investment model from successful programs launched in Central Texas, Northern California, and Southern Florida, Network for Good has committed $800,000 in resources to bring the Jumpstart Program home to the State of Illinois, beginning with 300 nonprofits in Chicago in June of 2019.
The Program, which had beginnings in 2012 with seed funding from the Forum Fund at The Chicago Community Trust, has since scaled to a nationwide, cooperative funding model that is now being leveraged by more than 100 private, corporate, and community foundations, and city and state governments, in more than 30 states in the country.
Contributed revenue will accelerate and scale the reach of racial equity programs
Jumpstart matches nonprofits with a consultant to begin a year-long, one-on-one coaching relationship to create and implement a stage-appropriate fundraising program to:
1) Build an annual fund, integrating mail, email, text messaging
2) Create and deliver content to retain and upgrade donors
3) Build or expand the existing major gifts program
4) Equip & train boards to fundraise from their networks
5) Leverage technology to create a “fundraising back office”
It’s not just about providing structure, but generating resources to expand successful programs
After more than six years of continued evolution, Jumpstart has enabled participating nonprofits to achieve a 5:1 philanthropic return, whereby for every dollar invested in fundraising, a yield of five dollars in contributed revenue is created. The result: Programs can be sustained when the funding period ends or, with continued grant funding, the organization has the combined resources for program expansion.
We begin by understanding their needs, so we can effectively deploy resources
To identify nonprofits that are committed to increasing their fundraising capacity, we begin with a needs assessment to understand how much money they are currently raising, their current operating budgets, staffing structure, and available time allocation for fundraising.
To join the breakfast meeting on Wednesday, March 20 from 8:30-10:00 a.m. at The Chicago Trust, please RSVP using the form below. A confirmation email with detailed agenda, including building access information will be emailed to you.