Accelerating Our Community Impact

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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Invest for Better: Women Lead the Way

New campaign seeks to mobilize women to change capital markets for the better

Mission Throttle is continually searching for strategies and tools that accelerate philanthropic innovation, including impact investing. More than three years ago, we joined the collaborative efforts of dozens of women investors, donors, and field leaders to help create Invest for Better, a resource to support women across all income levels who want to invest with purpose. Invest for Better, a project of The Philanthropic Initiative, is a campaign that seeks to mobilize women to activate their capital to create positive change in society, and demonstrates additional ways beyond philanthropy that women can use their money to achieve social goals.

It is estimated that American women will control $22 trillion in capital by 2020, and while research shows that women are highly interested in impact investing, only a small percentage are actually doing it. As women control increasing amounts of wealth and impact investing becomes a mainstream investment strategy, women’s voices are more critical to the social impact sector than ever.

Women’s leadership drives commerce, politics, activism and culture. But when it comes to our finances—taking full ownership of our investment choices, bringing our values to the fore of financial decision-making—we still have a ways to go. Men still make the majority of household investment decisions.

We believe that through thoughtful, purposeful investing, women can amplify their voices and lead in developing the impact investing field at large. We are honored to invest in and push this evolution forward.

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Here’s to Getting Better at Doing Good in 2019

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,

 

Phillip

Mission Throttle Awards Derq $20,000 Prize for Social Impact at Accelerate Michigan Innovation Competition

Mission Throttle today announced Derq as the recipient of the $20,000 Prize for Social Impact at Accelerate Michigan’s ninth annual Innovation Competition. Sponsors awarded a total of $1 million in cash and in-kind prizes to eight innovative startups that were selected from 24 semi-finalists. Nearly 400 top investors, entrepreneurs and community leaders attended the event.

Derq is a Dubai & Detroit based MIT spin-off and Techstars alum with a mission to eliminate road accidents and save lives by using artificial intelligence. Derq can predict and prevent car accidents before anyone else on the road.

“Derq exists to make roads safer and to reduce the 1.25M lives lost due to crashes each year. A huge thank you to Mission Throttle for naming Derq as the first ever AccelerateMichigan Social Impact prize winner, and for recognizing our commitment to helping achieve ‘VisionZero!'” — Derq

Accelerate Michigan enables entrepreneurs to showcase their companies and meet one-on-one with fellow entrepreneurs, investors, business acceleration resources, and experts in their specific sector during carefully curated meetings. Since its launch in 2010, grand prize awardees of Accelerate Michigan have hired over a 1,000 people and attracted more than $650 million in additional investment.

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Mission Throttle Featured at National Minority Supplier Development Council Conference

The NMSDC Conference and Business Opportunity Fair is the nation’s premier forum on minority supplier development. For four days in mid-October, more than 6,000 corporate CEOs, procurement executives and supplier diversity professionals from top multinational companies, as well as leading Asian, Black, Hispanic and Native American business owners convened in Austin, TX. Susan Gordon, Managing Director of Mission Throttle, presented Using Profit To Fund Purpose – The Importance of Diversified Funding Strategies and Creating Operational Excellence.

Susan’s remarks focused on how  mission-driven organizations and funders can work together to develop sustainable business models that withstand fluctuations in donative capital and included:

  • Why foundations and other funders are are seeking new ways to strengthen the infrastructure of the mission-driven organizations they support.
  • Ways entrepreneurs, investors, foundations, mission-driven organizations and intermediaries are embracing new, more sustainable strategies that promote the financial sustainability, growth and scale of mission-driven organizations.
  • How mission-driven organizations are uniquely positioned to deliver high-impact social change that exponentially improves lives.

Learn more about the NMSDC Conference

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Michigan Women Forward offers $10 million to support women entrepreneurs

Mission Throttle is honored to have worked with Michigan Women Forward for the past two years to provide the research, analysis, and strategy to support the launch of  Community Impact Notes. We are thrilled to have been a part of this important program that will provide critical operational and financial resources necessary to accelerate women-owned businesses. Mission Throttle is committed to creating sustainable, replicable solutions to complex problems. It is our hope that this model will not only benefit women-owned businesses in the city of Detroit, but throughout State of Michigan. 


Detroit-based nonprofit Michigan Women Forward will offer $10 million in community impact notes to support Michigan’s women entrepreneurs. The $10 million Michigan Women Forward Community Impact Note offering is modeled after a similar program the Maryland-based Calvert Impact Capital Inc. offers to fund microloans, or make loans for buildings such as schools or affordable housing, Cassin said.

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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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The Duality of “Just Mercy:” It’s All We Need, and It’s Only Fair

Several members of the Mission Throttle team recently had the honor of attending the 2018 Starfish Trauma Summit: Building Resilient Communities. The summit sought to answer two questions that are especially relevant in Detroit, namely:

How can we create a community of strength and hopefulness that recognizes the prevalence and adverse impact of trauma on too many children, families, and communities?

How can we as a community of leaders help build trauma-informed, resilient communities that support healing?

During her opening remarks, the event moderator, Rochelle Riley, reminded us that “every criminal was once a child, just as every lawyer was once a child, and yes, even every journalist was once a child.” Children are often guided down divergent paths by the trauma they experience at a vulnerable age, rather than by deliberate choices. However, children can also be influenced by how the adults in their lives respond to and (hopefully) counteract that trauma.

The entire event was both informative and energizing, but I was particularly inspired by the keynote speaker, Bryan Stevenson.

I first encountered Bryan’s brilliance when I read his book, “Just Mercy,” in 2016. At that time, I was deeply moved by his first-hand experiences working to improve the U.S. criminal justice system and ban the death penalty. During his address at the Starfish Trauma Summit, I heard some of the familiar stories of triumph and heartbreak from his book, but I was reignited by hearing his sentiments through the lens of trauma-informed child care.

Bryan described four steps to enact change in our childcare and education systems, and to provide children with an equitable chance in life:

Get Proximate. “Many of our parents taught us to stay away from the bad neighborhoods,” Stevenson said, “but in order to appreciate the humanity of each individual, we need to make the effort to see our disadvantaged neighbors, to talk to them, and to connect with them person-to-person. Without close encounter, and even embrace, it is far too easy to create a perception of ‘them’ and ‘us’.”

Change the Narrative. Stevenson (who also initiated the National Memorial for Peace and Justice in Montgomery, AL) asserted that “the greatest crime of slavery was not the forced labor or even the brutal beatings and murders that slaves endured, but rather, it was the dehumanization of the black race and the propagation of white supremacy that persists even today.” He explained that in order to overcome racism, we need to first acknowledge and confront the continued, present-day impact that slavery has on our country. “Truth and reconciliation are consequential, he said. “We cannot make peace without first confronting the truth and our own culpability.”

Remain hopeful. Stevenson then cautioned against hopelessness, calling it “the single greatest weapon of oppressors.” He noted that “we can only maintain the strength to continue fighting for ourselves and/or others if we remain hopeful that the status quo can be changed.” This point was acutely appreciated in an audience containing so many educators and caretakers who had experienced recurring indirect trauma during their work with disenfranchised youth.

Be willing to do things that are uncomfortable and inconvenient. “To really make significant progress, we have to be willing to speak out, and to act out, against unjust systems and prejudiced sentiments, even those that seem immovable and unchangeable,” Stevenson continued. “For those of us who have been blessed to have wonderful opportunities for education, employment, and fulfillment, I believe it is our responsibility to do our part, no matter how big or small, to help ensure that vulnerable children are given an equitable opportunity to direct their future.”

Starfish Family Services is actively carrying out these four steps through their trauma-informed early childhood education and mental health services.

Starfish is dedicated to healing the effects of toxic stress on children who have experienced trauma. While learning to cope with adversity is an important part of healthy child development, undue exposure to conflict and fear can cause PTSD, similar to that which many military veterans endure. This toxic stress can occur when a child experiences strong, frequent, and/or prolonged adversity, such as: physical or emotional abuse, chronic neglect, caregiver substance abuse or mental illness, exposure to violence, and/or the accumulated burdens of family economic hardship—without adequate adult support. When stress occurs continually, or is triggered by multiple sources, it can have a cumulative (lifetime) toll on an individual’s physical and mental health. The more adverse experiences in childhood, the greater the likelihood of developmental delays and later health problems, including heart disease, diabetes, substance abuse, and depression. Research also indicates that early-life supportive, responsive relationships with caring adults can prevent or reverse the damaging effects of toxic stress response.

In 2015, Starfish Family Services enlisted the assistance of Mission Throttle to create a coordinated business strategy to scale several of its core service offerings. The strategies were focused on Starfish’s desire to promote early detection/intervention of mental health issues, mitigate barriers to health care access, and improve behavioral and physical health outcomes. As the project progressed, the vision evolved. It was soon evident that by creating a more integrated organization, Starfish was uniquely positioned to accelerate its core passion of creating resiliency for the children and families it serves.

Mission Throttle identified a host of opportunities for Starfish to accelerate the impact of its programs. Through a collaborative, user-centered process, Mission Throttle and Starfish developed the vision for a trauma-equipped Starfish. By incorporating mental health screening, referral, and treatment into all of Starfish’s Head Start programs, Starfish now creates opportunities for early detection and prevention of toxic stress. This comprehensive service offering demonstrates Starfish’s leadership as a forward-thinking and client-centric provider of early education programming.

Through innovative collaborations like Mission Throttle’s relationship with Starfish, we can begin to forge a strategy to counteract injustice in Southeast Michigan; however, the path to progress is not easy nor is it linear. Thankfully, Bryan Stevenson assured us that uncertainty should not deter us, as we will only discover the answers through proximity to our vulnerable neighbors.

With this encouragement, let us make haste to go out and work to build resilient communities!