
Nineteen foundations, corporations and private individuals joined the Edna McConnell Clark Foundation and the boards of Nurse-Family Partnership, Youth Villages and Citizen Schools to support the dramatic expansion of effective services that can transform the lives of low-income youth across the United States. Their commitments to EMCF’s Growth Capital Aggregation Pilot (GCAP) ranged from $3 to $15 million for institutional co-investors and $1 to $5 million for individuals. By June 25, 2008, EMCF and its grantees secured a collective commitment of $120 million, meeting the GCAP’s goal on schedule.
Benefits for co-investors include:
All co-investors have agreed to a joint set of terms and conditions for each investment. They have also adopted in common a performance-based approach to payout and meet quarterly to review grantee performance. One goal of this coordination is to ease the habitual reporting burden on grantees.
If the diligence of the grantees, the dedication of the co-investors, and economic and political conditions make the GCAP a success, by 2017 Nurse-Family Partnership will reach 100,000 mothers every year—nearly one-sixth of the nation’s young, low-income, first-time families. And over the next five years, Youth Villages and Citizen Schools will increase their capacity by more than 50 percent and achieve a scale that will enable them to influence federal and state education and social policy reform.
The Edna McConnell Clark Foundation is investing up to $42 million over three years in nine organizations whose evidence-based programs promise to transform the life trajectories of thousands of low-income youth. In support of these grantees, the Foundation is establishing the True North Fund to leverage public money from the SIF and private money from the EMCF and institutional and individual philanthropic partners to effectively capitalize and expand programs that can serve more vulnerable young people.
(Youth Villages) The New York Times, February 21, 2011
(Nurse-Family Partnership) Huffington Post, March 14, 2011
(Citizen Schools) NBC Nightly News, October 15, 2010