SVP Philadelphia, in association with United Way of Greater Philadelphia and Southern New Jersey, launches 2021 investment cycle for nonprofit organizations that reduce poverty and want to grow their impact
PHILADELPHIA, P.A. — Social Venture Partners Philadelphia (SVP Philadelphia), announced today the launch of its 2021 Investment Cycle to support nonprofit organizations addressing root causes of poverty, including housing, education, criminal justice and economic security. Through its growing network of Partners in Philadelphia, SVP Philadelphia aims to mobilize volunteers to work alongside, learn from, and amplify community-driven poverty alleviation efforts. Through these connections, nonprofit leaders addressing systemic poverty will grow advocates and gain access to resources necessary to sustain lasting change.
SVP Philadelphia’s 2021 Investment Cycle intends to invest a total of $600,000 unrestricted general operating dollars over three years as well as additional capacity building support in up to three partner organizations. Individual grants may be up to $100,000 per year. Using a trust-based investment approach, SVP Philadelphia commits to transparent relationships, simplified paperwork, and support beyond the funding with our grantees.
“At SVP Philadelphia, we are committed to understanding the barriers that make eradicating poverty so complex,” said Jen Gleason, Managing Director of SVP Philadelphia. “Our model is designed for SVP Partners to not only invest our time and resources, but to learn as much as we can from the wisdom of the leaders on the ground, and to become champions for their work.”
To be eligible for the 2021 Investment Cycle, among other requirements, nonprofit organizations must self-identify as led by and serving people of color, employ a full-time Executive Director with an established Board of Directors, and have a geographic focus in the city of Philadelphia.
“We’ve chosen to invest our resources in this way because we know that Black, Indigenous and people of color (BIPOC) in Philadelphia are disproportionately impacted by poverty and that philanthropy has historically underinvested in nonprofits led by people of color,” said Melinda Tuan, SVP Advisory Board Member, Founding Partner and Managing Director of Fund for Shared Insight.
“SVP Philadelphia’s commitment to reducing inequalities and providing opportunities to stop the cycle of poverty aligns closely with United Way’s mission,” said Bill Golderer, President and CEO of UWGPSNJ. “We have to address systems that perpetuate economic disparities and invest in collaborative, bold solutions to help our neighbors thrive. SVP Philadelphia’s Investment Cycle is a meaningful step forward.”
Letters of interest are due on March 5th. To learn more on eligibility requirements and application process, visit here.
About SVP Philadelphia
SVP Philadelphia is a philanthropic network of engaged leaders committed to reducing poverty in our region. By leveraging resources and investing in collaborative solutions, SVP Philadelphia connects social impact organizations with people who want to contribute money, time and their professional skills and networks. SVP Philadelphia is the newest chapter of SVP International, the global leader in engaged philanthropy with chapters from Boston to Bangalore. In association with the United Way of Greater Philadelphia & Southern New Jersey, and with generous support from the William Penn Foundation, SVP Philadelphia is part of the SVP global network which is made up of 3,500 philanthropists in 42 cities worldwide. To learn more about becoming a Partner in SVP Philadelphia contact firstname.lastname@example.org.
About United Way of Greater Philadelphia and Southern New Jersey
United Way of Greater Philadelphia and Southern New Jersey (UWGPSNJ) is on a mission to reduce poverty and expand opportunity for all. Serving Pennsylvania’s Chester, Delaware, Montgomery and Philadelphia counties, and New Jersey’s Atlantic, Burlington, Camden, Cape May and Cumberland counties, United Way creates solutions that break the cycle of poverty. As part of a network of independent local nonprofit organizations, United Way provides countless ways to give, advocate and volunteer. To learn more, visit www.unitedforimpact.org.