TAMPA, FLORIDA, NOVEMBER 20, 2014 — Community Tampa Bay has been awarded inaugural investment funds from new Tampa Bay venture philanthropy group, Social Venture Partners Tampa Bay (SVPTB). Joining a global venture philanthropy network with 3,000 investee nonprofits in 39 cities, the Tampa Bay affiliate of SVP was founded this year to strengthen the capacity of proven nonprofits through funding and expertise provided by its partners.
SVP cultivates effective philanthropists and invests in collaborative solutions by pooling funds to make unrestricted gifts to carefully vetted nonprofit investees with proven potential for social change. Partners also contribute their business and professional expertise and connections to the nonprofits, all with the goal of strengthening the nonprofit and increasing its impact.
Social Venture Partners Tampa Bay began when the eight initial partners joined the global SVP network in January 2014 and grew to 23 founding partners by September. SVP is operating as a fund within the Community Foundation of Tampa Bay, which is also a founding partner, represented by Dan Jurman, Vice President of Community Impact. The founding partners announced their first nonprofit investee, Community Tampa Bay, at a small gathering hosted by founding partner Jamie Klingman on November 18. In addition to the expertise of the partners, SVP is investing $25,000 in Community Tampa Bay.
Community Tampa Bay provides leadership development and diversity education for youth and adults in the Tampa Bay region. With support from SVP, the organization plans to expand its signature residential youth program, ANYTOWN, as well as increase the reach of its other diversity and inclusion leadership training programs. Central to Community Tampa Bay’s vision is engaging youth and adults alike in finding solutions to end all forms of discrimination.
“This investment from Social Venture Partners comes at an exciting time for Community Tampa Bay,” said Lance Lansrud, Board President for Community Tampa Bay. “We recently received a federal trademark for the ANYTOWN program and have made other shifts that have positioned us for strategic growth. The funding and expertise we’ll receive from the SVP partnership will catalyze our expansion and help us get closer to our vision of achieving systemic change.”
Community Tampa Bay was chosen as SVP’s investee after a rigorous selection process that involved research, invited applications, financial review by partners and several meetings between potential investees and partners.
“The SVP partners were very impressed with the leadership of Community Tampa Bay and are excited about the opportunity to work alongside them to further their mission.” said Debra Koehler, Founding Partner and Chair of the SVP Advisory Committee. “As our first investment, we look forward to learning together how our partners can provide their professional expertise in support of CTB’s leadership and staff, skills that we will then be able to use with future investees.”
The relationship will kick off in January 2015, following two days of events to celebrate SVP’s official launch to the community, featuring the Founding President of Social Venture Partners Seattle and Social Venture Partners International, Paul Shoemaker.
About Social Venture Partners: The mission of SVP Tampa Bay is to cultivate a community of informed and engaged philanthropists and to invest in the capacity for innovation in our nonprofit organizations – building powerful relationships to tackle our community’s social challenges. SVP connects and engages individuals, helping them make the greatest impact with their philanthropic giving and funds and strengthens nonprofits, helping them take their work to the next level. More information at www.svptb.org.
About Community Tampa Bay: The mission of Community Tampa Bay is to cultivate leaders to change communities through dialogue and cross-cultural interaction. Providing a series of year-round and summer residential programs aimed at helping youth and adults recognize the impact of prejudice, stereotypes and discrimination, Community Tampa Bay’s vision is a community free from all forms of discrimination. Visit www.communitytampabay.org.