Mission Throttle News | Mission Throttle

Published

March 7, 2014

Filed Under

Mission Throttle Sponsors Statewide Prize for Social Entrepreneurship

Mission throttle is proud to partner once again with Michigan Corps for the 2014 Michigan Social Entrepreneurship Challenge, the nation’s first statewide competition in social entrepreneurship.

Mission Throttle will be sponsoring the Social Entrepreneur of the Year Prize, open to all social entrepreneurs across the state of Michigan who have created a sustainable model to address one or more of our state’s social or environmental challenges. Entries must demonstrate a clear revenue model, need for investment and potential for scale. The winner will be provided a $5,000 cash grant and admission to Michigan Corps’ Impact Investment Fellowship, valued at $15,000. Other prize tracks include health, urban revitalization, education and more.

Registration is open today and will close April 30th. Registered individuals and teams are asked to complete submissions by May 30th in order to compete.

Written By

Phillip Wm. Fisher

Published

March 4, 2014

Filed Under

General, Mission Throttle News

The Beginning

A Note From Mission Throttle’s Founder

In 1955, my parents founded the The Max M. & Marjorie S. Fisher Foundation on the philosophy that life’s purpose is found in service to others, in creating opportunities for those who lack them, in supporting human community in all its forms and empowering individuals in self-sufficiency. My father, ahead of his time, always said that he was interested not just in philanthropy, but in social responsibility to meet the obligations each one of us owes to society and introduced me to the idea of “Tzedekah” – giving to others not as charity, but as a mutually beneficial interaction.In 2009, I founded Mission Throttle, an impact investment firm dedicated to bringing those concepts to life by helping evolve the role capital plays in philanthropy and our communities.

As experienced investors, philanthropists and community leaders, the Mission Throttle team is privileged and uniquely positioned to deliver on what we see as our social responsibility, and we stand on the shoulders of other pioneers around the world who are already using their hearts and their heads, proving increased value to society while seeking financial returns.

Published

October 5, 2012

Filed Under

Mission Throttle News

A New L3C Creates a Fund for Detroit Social Entrepreneurs

The son of the late Max Fisher, Philip Fisher is the vice chairman of the Max M. & Marjorie S. Fisher Family Foundation. A successful investor in his own right, Fisher has played an active role in the Fisher Foundation, an increasingly important philanthropic actor trying to deal with Detroit’s economic crisis—and he has his own low-profit limited liability corporation (L3C). Michigan is one of the first of a quickly growing number of states to authorize L3Cs. Given Michigan’s economic freefall, the state was clearly interested in any innovative approach that might help lift it out of its economic doldrums. It figured the so-called hybrid entity of an L3C, a for-profit company with a social mission, might work.

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Published

June 30, 2012

Filed Under

General, Industry News, Mission Throttle News

Fisher Seeks Investors Who Want to Make a Social Impact

Phillip Fisher plans to create a fund to work on social issues and support social entrepreneurs.

What if money invested in organizations working to improve social conditions could be redeployed over and over, while providing a financial and social-impact return for those supporting the work? The concept isn’t new; a few large foundations have been making investments—in addition to grants—in work related to their missions for years. But Phillip Fisher, founder of Mission Throttle L3C and vice chairman of the Max M. & Marjorie S. Fisher Family Foundation, hopes to attract a new class of investors, from individuals to corporations and government, to support Michigan-based social-impact efforts and social entrepreneurs through investments in a new social-impact fund that he hopes will attract $10 million to $50 million. That, experts say, is a game changer.

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