Dear Partners and Colleagues:
When I launched Mission Throttle in 2009, I set out to accelerate community benefit through philanthropic capital, innovation and culture change. In the decade since the company’s formation, Mission Throttle has evolved from a startup, dedicated to supporting innovative fundraising tools and impact investing, to that and more. In 2013, Susan Gordon joined Mission Throttle to grow the advisory practice from scratch, recruiting a group of talented consultants, intending to validate the strategic service offering to promote positive change in the foundation and mission-driven communities. Originally, we imagined Advisory would add to the investable pipeline for impact investments into social enterprises. In the end, the team engaged with over 40 mission-driven organizations to create sustainability, innovation, earned revenue and ultimately, culture change.
Over the past five years, Advisory has provided exemplary outcomes for dozens of foundation, philanthropic and mission-driven organizations. However, we continue to experience the market dissonance between the critical need for capacity building support, and the limited resources available to sustain these services. Over the past few months, we continue to reflect on this reality.
We concluded the time has come for Mission Throttle to return to its roots, while celebrating Susan and our team’s success. As a result, as of June 30, the Advisory practice, under Susan’s supervision, will spin-off from Mission Throttle to allow her the capacity to thoughtfully consider future next steps.Mission Throttle, under my direction, will continue to search for platforms, tools and solutions to accelerate philanthropic innovation and the impact investing ecosystem going forward. We hope to engage with you going forward.
I am amazed at what our team has achieved as evidenced in our 2018 Impact Report. The cultural impact on our clients, and consequently the community, has set a high bar for others working to bring sustainability to social impact organizations. Over the past five years, 100% of Advisory clients responding to a post-engagement survey rated the quality of work High/Very High Quality and 90% responded that they were Very Likely/Extremely Likely to recommend Advisory to a friend or colleague. Furthermore, as a result of their work:
- 79% of clients realized a positive culture change in their organization
- 84% of clients identified cost savings
- 76% of clients implemented cost savings or scaled effective programs/products
- 96% of clients identified earned revenue opportunities
I honor and celebrate Advisory‘s impact and wish these pioneering geniuses great success. Please feel free to contact Susan at sgordon@strategicgrowthgrp.
To the future…together!
Phillip Wm. Fisher
Founder, Mission Throttle
“Who here wants to save the world?” Carolyn Yarina, CEO and Co-Founder of Sisu Global Health, asked a ballroom full of female social entrepreneurs at the Empower Change Summit last summer. Nearly every hand rose high in the air. Nine months later, on February 27, a group of 10 finalists drawn from that ballroom pitched their business concepts to an audience of judges and supporters, bringing the 2019 Empower Change MI program to a close.
The annual Empower Change MI program, a joint effort between Michigan Women Forward and The Ford Fund, launched in 2017 to provide a series of conferences, workshops and seminars to existing or aspiring Michigan-based female social entrepreneurs. The program kicks off with the Empower Change Summit, a collection of speakers, panels, and workshops that provides female entrepreneurs with an introduction to basic business concepts and examples of how to take a socially conscious idea and turn it into a sustainable venture. The program culminates in a Pitch Competition through which several finalists are selected for cash grants and support services provided by other Michigan-based organizations.
Pitch participants compete in three categories, based on the stages of business development: Ideation, Launch, and Growth. This year’s finalists were Brittany Rhodes of Black Girl MATHgic (Ideation), Gina Adams of Buttons 2 Button (Launch), and Arielle Johnson of Fierce Detroit (Growth). Other prizes included a $1,000 award given to the “Best Idea That Will Change The World,” which was a People’s Choice Award, as well as an award of advisory services provided by Mission Throttle. This year, Jeanette Brown of Dutton Farm, Inc. was the winner of both.
In a male-dominated business environment, resources are often scarce for female entrepreneurs. As a result, there is a shortage of female, entrepreneur role models. While this gender disparity is shrinking, progress is slow, as many women do not receive the same opportunities for mentorship as their male counterparts. Additionally, female entrepreneurs often lack access to capital, as they regularly approach male investors, who often fail to relate to the entrepreneur and/or her business concept.
Female entrepreneurs benefit greatly from initiatives, like EmpowerChange, that strive to level the playing field for women in business. Through the Summit and the Pitch Competition, women receive mentorship and learning opportunities, as well as the opportunity to obtain financial capital. While these resources are integral to starting a new venture, the network of driven and supportive women that EmpowerChange creates is especially inspiring.
In a panel discussion during the EmpowerChange Summit, participnats from the 2018 Pitch Competition talked candidly about starting a social venture, and Deana Wojcik suggested “there should be less competition and more collaboration between women entrepreneurs.” Conversations that occurred during the Summit emphasized the benefits of joining a network of like-minded individuals, which include alleviating feelings of isolation and building confidence.
This supportive attitude carries throughout the EmpowerChange initiative, which aims to strengthen both business acumen and soft skills. Mentors are available to provide support and business advice to those who enter the pitch competition. The competition process is designed to offer participants several experiential learning opportunities, such as the opportunity to pitch to a live audience to receive feedback prior to the competition day.
Judging by the strong, qualified group of women at the Pitch Competition, the process is successful. The finalists ranged in experience level, from college students to mid-career entrepreneurs, each working on impactful business ideas to transform a variety of industries, including providing meaningful work opportunities for adults with disabilities to technology-based tools to help young adults become more financially secure. While unique in background and business ideas, each entrepreneur was equally energetic and passionate about her social venture.
The positivity, creativity, and grace of the women who participated in the 2019 EmpowerChange MI program was astounding and inspiring. It only takes one investment of time and resources to elevate impactful ideas, and EmpowerChange does just that. Mission Throttle is pleased to continue accelerating women’s entrepreneurship by participating in the EmpowerChange advisory council, and working with 2019 award recipient, Dutton Farms, Inc. Mission Throttle previously worked with 2018 award recipient, Motor City S.T.E.A.M., to develop a model to enhance youth S.T.E.A.M. development.
For more information, please visit miwf.org/events1/EmpowerChange.
Mission Throttle’s history reflects a series of collaborations that merge business solutions and philanthropic values to scale social impact for those in need. 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.
Though 2019 is well underway, we are mindful to reflect on the last year and to thank our clients, partners and friends who made our work possible. Without you, we couldn’t have achieved these accomplishments. We hope you’ll continue with us on our journey as we move forward. Our very best wishes to you in this coming year.
The Mission Throttle Team
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The holidays are a time of year many of us feel propelled by our hearts and compelled to give to those of us who are not as privileged. In 2017 in the U.S., individuals, corporations, and private foundations gave a combined $410 billion to charity; according to Charity Navigator, 31% of that giving occurred in December and 12% in the last 3 days of the year. A tremendous amount of charitable support by any standards! Yet, the truth is that these funds (driven by good intentions) are often tied to economic cycles and tax policy, and too unstable or insufficient to meet our community’s needs.
For for a sector of our economy where we spent $410 billion last year, the question of how to do good in the world still seems under-discussed. Let’s make a resolution in the upcoming New Year to use our hearts and minds, and not only talk about doing good, but how to become better at doing good. Mission Throttle estimates the total amount of capital needed to fund our country’s social needs annually exceeds $3 trillion. I encourage you to continually learn about and seek out tools that help fill this critical gap. Whether you are an individual seeking to make an impact investment into a social enterprise that generates its own revenue, or a foundation curious about investing in capacity building to provide mission-driven organizations with critical infrastructure support, you are in good company among the many who are already pushing the envelope and seeking sustainable ways to fund social impact.
Ultimately, making the world a better place requires not only generosity, but a dedication to gain a better understanding of the problems we are trying to solve, and to constantly evolve the tools needed to give everyone a chance to succeed.
Have a blessed holiday season,