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."

This page has been updated (on April 10, 2019) to answer questions about Blue Meridian Partners' plans to become independent and embark on new growth, as well as about how EMCF will complete its work and leave a lasting impact on the lives of economically disadvantaged children and youth.

What is the timeline for completing the Edna McConnell Clark Foundation's work and winding down?

The work of the Edna McConnell Clark Foundation will continue for three to four years — supporting Youth Development Fund grantees through the terms of our final investments, documenting and sharing lessons learned from our fifty years of grantmaking, and overseeing the transition of PropelNext so its work carries on beyond the life of the Foundation.

To complete these priorities in a timely and efficient manner, EMCF is contracting with Blue Meridian Partners, Inc. (BMP, Inc.) to deliver services on behalf of the Foundation.

This allows EMCF to pursue our limited-life objectives fully and responsibly while avoiding the necessity of maintaining a separate staff and duplicative infrastructure in order to complete our work and fulfill our commitments.

Will EMCF's operations transition to Blue Meridian Partners, Inc., and if so, how will this affect EMCF's grantees?

Blue Meridian Partners, Inc. is building out its operations and staff as it prepares to become an independent organization with its own governance and related structures, separate from EMCF. This is being accompanied by a transition of appropriate staff and operations from EMCF to BMP, Inc. We anticipate completing this transition in summer 2019.

Once this transfer is complete, EMCF will continue to exist as a private foundation with a small board, while BMP, Inc. performs necessary staff functions. 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 and pays out its grant commitments.

The staff of 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.

Will Blue Meridian Partners, Inc. operate with an endowment?

Blue Meridian Partners, Inc. will not be an endowed entity. It aspires to become an "evergreen" (501)(c)(3) that continually raises major sums of capital to support 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. Its overall investment in an intervention 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 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 its work and continue to invest new capital, based on the results they and their investees achieve.