
The Edna McConnell Clark Foundation established the True North Fund to leverage its role as a Social Innovation Fund (SIF) intermediary. By combining federal funding with the private resources of the Foundation and other philanthropic co-investors, we hope to maximize support for youth-serving grantees and demonstrate how public and private dollars can be aggregated to help evidence-based programs achieve greater impact and scale.
EMCF is proud and grateful to have been joined by 12 partners in the True North Fund:
Augmenting the $60 million expected from the SIF and EMCF, these 12 co-investors have committed a total of $53 million over three years to fully execute their SIF-funded growth and evaluation plans and meet their federal matching requirements. (An additional $4 million has been raised by grantees directly from more than 20 other funders.)
We welcome and actively seek additional institutional and individual philanthropic partners to join us in propelling effective organizations to scale and sustainability through the True North Fund.
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