Frequently Asked Questions

Frequently Asked Questions

On October 18, 2018, Blue Meridian Partners and the Edna McConnell Clark Foundation shared two announcements: “Blue Meridian Partners - Our Next Chapter” and “An Update on EMCF’s Limited-Life.”

We will update this page in response to questions we receive regarding our plans for Blue Meridian Partners to become independent and embark on new growth, as well as how EMCF will complete its work and leave a lasting impact for economically disadvantaged children and youth.

Will EMCF’s assets transfer over to Blue Meridian Partners, Inc.? Will Blue Meridian Partners, Inc. operate with an endowment?

Blue Meridian Partners, Inc. will not be an endowed entity. We aspire for Blue Meridian Partners to become an “evergreen” (501)(c)(3) that continually raises and deploys significant sums of capital to social sector leaders seeking to scale their interventions nationally and solve problems trapping youth and families in poverty.

Blue Meridian’s investments are structured and paid out in phases over several years. Our overall investment in an organization may total $200 million or more, based on the investee’s progress toward performance milestones. To fund each phase of investment, Blue Meridian calls capital from Partners as needed (much the way private equity firms operate), aggregates the funding, and quickly delivers it to the investee. The Edna McConnell Clark Foundation (EMCF) will fulfill its commitment to Blue Meridian by participating alongside other Partners in these capital calls.

Blue Meridian Partners’ future is predicated on performance. Current and new Partners must find value in our work and continue to invest new capital, based on the results we and our investees achieve.

When will the transition of operations from EMCF to Blue Meridian Partners, Inc. occur, and how will it affect EMCF's grantees?

We expect to complete the transfer of staff and operations to Blue Meridian Partners, Inc. sometime in 2019.

Once this transfer is complete, EMCF will continue to exist as a private foundation, with a small board and necessary staff functions provided by Blue Meridian Partners. The primary responsibility of EMCF’s board will be to oversee the management and distribution of the Foundation’s remaining assets as it finishes its work over the next three to four years and pays out its grant commitments.

Blue Meridian Partners, Inc. will also assist EMCF in documenting and sharing the most important insights it has gained from developing and implementing its investing approach.

This arrangement allows EMCF to avoid having to maintain a separate staff and duplicative infrastructure in order to complete its work and fulfill its commitments over the next three to four years.