Focus: HOPE develops half-century strategic plan

Working with nonprofit consultancy and investment firm Mission Throttle, Anthony said, Focus: Hope developed a strong strategic plan to assure it can stabilize the benefits of the restructuring process and build a future that is “measurable, impactful and consistent with its mission and new vision of empowerment and education.” While the nonprofit has been focused on programs for many years, Anthony said they also need to look at other issues that affect area residents.

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Women’s business competition EmpowerHER names its winners

Three businesses owned by women have won cash in a “Shark Tank”-style competition dubbed EmpowerHER run by the Michigan Women’s Foundation and underwritten by the Ford Motor Co. Fund. The Ford fund put up the prize money and an additional $90,000 for entrepreneur workshops and training. Motor City STEAM and Women Who Weld of Detroit each won $7,500 in services from Mission Throttle.

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Women social entrepreneurs compete for cash in ‘Shark Tank’-style competition

A dozen women-owned companies seeking investment for their business ideas and startups are vying for a slice of the $50,000 prize money in a pitch competition Wednesday night at Ford’s headquarters in Dearborn.

The “Shark Tank”-style competition — dubbed EmpowerHER — is a project run by the Michigan Women’s Foundation and underwritten by the Ford Motor Co. Fund, which put up the prize money and an additional $90,000 for entrepreneur workshops and training. The finalists —  all from metro Detroit, except one from East Lansing — will pitch their ideas  in front of a panel of judges, that include Susan Gordon, managing director at Mission Throttle and Pamela Alexander, the director of community development for the Ford Motor Co. Fund.

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A Holiday Message from our Founder

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

Detroit Hispanic Development Corporation Design Slam!

On Thursday, February 23rd, volunteers from Quinn Evans Architects’ Detroit and Ann Arbor offices immersed themselves in a Design Slam in support of the Detroit Hispanic Development Corporation (DHDC).

This volunteer design effort for QEA has grown out of a partnership with Mission Throttle. The Mission Throttle team has been working with DHDC to research earned revenue models that would align with the goals and work of the DHDC. These revenue models, including such ideas as a café, coworking spaces, bike shops, and enlarged print facilities, would provide the DHDC with necessary capital, in addition to their existing grant work, for the organization to have larger impact and achieve their mission goals.

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Reflecting Back and Looking Forward

Accelerating Community Impact in 2017

As 2017 begins, we are mindful to reflect on the past year, and to thank our clients, partners and friends who make our efforts possible.

Mission Throttle has been working to advance innovation in philanthropy since 2009. We have evolved from a start-up, dedicated to supporting innovative fundraising tools and impact investing, to an advisory practice serving the region’s leading foundations and mission-driven organizations. This past year was particularly exciting for us — we expanded the breadth and geography of our client network, created innovative solutions that accelerated social change, and continued our dedication to advancing impact investing through strategic partnerships, including with The Philanthropic Initiative/Women in Impact Investing Project.

We know great efforts are required to effectively address our most pressing social issues, and we feel truly privileged to serve our clients, and in turn, communities across the Midwest. Mission Throttle’s history reflects a series of collaborations that merge business solutions and philanthropic values to scale social impact for those in need. Without you we couldn’t have achieved the following accomplishments. We hope you’ll continue on our journey as we move ahead in 2017. Our very best wishes to you in this coming year.

Phillip Wm. Fisher and the Mission Throttle Team

Mission Throttle Selected by the Skillman Foundation to Develop Sustainable Solutions for Grant Partners

The Skillman Foundation has selected Mission Throttle to work with Detroit Hispanic Development Corporation to help the 19 year old community organization sustain and scale its programming.

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.

Mission Throttle Featured on PBS’s STARTUP

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Watch to learn why the team at Mission Throttle recommends Michigan as a great place to start a social enterprise.