As the holidays approach, many of us look forward to spending time with loved ones, and to sharing stories and remembrances of the past. Many of us also look to what “can be” going forward and make personal pledges to assist those in need, change our behavior, or enhance our own value to our community. At this time of year, I often ask myself: “Is there a better, more sustainable way to fund social change beyond making donations?” I encourage you to do the same, and consider increasing your philanthropic engagement by investing in or supporting social enterprises. Why not create a true double bottom-line impact that moves the needle on both community and financial returns? If you are not sure how to do that, there are a myriad of resources available to help, including these guides from our friends at Mission Investors Exchange and The Case Foundation.
I also urge you to consider how recent federal tax reform will affect social impact organizations, and if you are fortunate enough to realize savings from the recently passed tax bill, to invest a portion of those savings in your community.
We hope you will join us in finding new ways to create fulfillment and success for others in the coming year, and we look forward to sharing our learnings and accomplishments from the past year with you in early 2018.
On behalf of the entire Mission Throttle team, happy holidays and a joyful New Year!
Phillip Wm. Fisher
Mission Throttle Selected by the Skillman Foundation to Develop Sustainable Solutions for Grant Partners
Mission Throttle partnered with the Skillman Foundation in January 2016 to pilot “The Sustainability Grant Challenge.” The challenge was designed to provide a Skillman Foundation grant partner that demonstrated a desire to strengthen and scale one or more of its programs, with professional assistance not normally accessible to a community-based nonprofit due to cost. The Skillman Foundation invited 25 grant partners to participate in the challenge, which benchmarked organizations using a survey designed to assess operational effectiveness, based on Mission Throttle’s proprietary scoring system. Detroit Hispanic Development Corporation was selected as the recipient of the Skillman Sustainability Grant and will work with Mission Throttle to develop a blueprint to enhance their organizational efficiency and effectiveness, develop sustainable revenue models and funding strategies, and achieve increased scale. “We believe in the work of our grant partners, and know they face challenges every day that make it difficult to best deliver their needed services,” said Patricia Hinojosa, Senior Program Officer, Social Innovation for the Skillman Foundation. “By helping to strengthen organizations, they can more effectively serve the community and be drivers of change.”
Conventional philanthropy typically funds direct program related support and often neglects the critical costs of infrastructure. Experience has shown that proper operating systems and human capital are essential for sustained operational excellence. Recognizing this gap, Mission Throttle is working with Foundations across Michigan on similar nonprofit enterprise building initiatives.
About Mission Throttle
Mission Throttle is an advisory firm dedicated to accelerating philanthropic innovation in our community. We advise, invest in, and support mission-driven organizations that seek to use market-based strategies to address social and environmental problems. We are deeply passionate about our work and believe that merging business principles and philanthropic values is the best approach to achieve sustainable social impact.
About the Skillman Foundation
Created in 1960, the Skillman Foundation is a private philanthropy committed to improving meaningful graduation rates in the Detroit region, so kids are ready for college, career, and life. The Foundation has assets of nearly a half-billion dollars, with an annual grants budget of $17 million. The Foundation works to achieve its goal by investing in community leadership, neighborhoods, safety initiatives, high-quality schools, social innovation, and youth development.
About Detroit Hispanic Development Corporation
Detroit Hispanic Development Corporation’s mission is to make a difference by creating life-changing opportunities for youth and their families. We are committed to meeting the needs of our community by providing quality, innovative and culturally appropriate services, primarily in Southwest Detroit. Our vision is to create a stable and safe community where youth and families have quality opportunities for self-empowerment, education, and personal wealth.
Watch to learn why the team at Mission Throttle recommends Michigan as a great place to start a social enterprise.