Co-Investors in Growth Capital Aggregation Pilot

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.

Citizen Schools

EMCF plays a coordinating role among GCAP grantees and co-investors. 

Benefits for co-investors include: 

  • Taking advantage of EMCF's due diligence, initial fundraising, and investment management, while reducing grant-related transaction costs.
  • Sharing EMCF's detailed performance reporting, investment updates and related learning.
  • Strategically partnering with other funders to aggregate capital and achieve philanthropic goals.
  • Extending philanthropic reach and organizational brand.
  • Forging relationships with institutional and individual philanthropists funding effective programs for disadvantaged youth.

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. 


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In the Spotlight

Nine Organizations Selected to Receive Social Innovation Fund Awards

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.

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Grantees In The News

A Families-First Approach to Foster Care

(Youth Villages) The New York Times, February 21, 2011

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Nonprofit Pairs Up Nurses With Struggling First-Time Moms

(Nurse-Family Partnership) Huffington Post, March 14, 2011

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Enlisting Professionals as Part-time Educators

(Citizen Schools) NBC Nightly News, October 15, 2010

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