Grant Makers Collaborate on New Effort to Help Effective Charities Expand
December 21, 2007 | Read Time: 1 minute
The Edna McConnell Clark Foundation has raised $88-million for a new fund designed to help nonprofit organizations with proven track records grow and become more efficient, reports The New York Times.
The Clark foundation has committed $39-million to the fund and attracted money from other grant makers, such as the Robert Wood Johnson Foundation and the Bill & Melinda Gates Foundation. It hopes to raise $120-million by June.
The fund will initially benefit three charities: the Nurse-Family Partnership, Youth Villages, and Citizen Schools.
Hilary Pennington, director of special initiatives at the Gates Foundation, noted that such collaborations were unusual among grant makers. “So very often there is pressure on foundations to feel like they are the ones discovering something. We have said we want to explore ways in which grant makers could work together for great impact, and we have an obligation to put our money where our mouth is.”
Read The Chronicle’s special report on the growing interest among foundations and charities to expand programs that work and a profile of the Clark foundation.
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