SARASOTA, Fla. (Nov. 7, 2016) – The Patterson Foundation announced it will support nonprofits participating in its Margin & Mission Ignition initiative by matching contributions made toward the startup/growth costs of each organization’s earned-income plans. Funds contributed to participating organizations will be matched dollar for dollar up to 50 percent of each organization’s startup/growth capital requirement –up to $50,000– by Jan. 31, 2017 — jumpstarting each nonprofit’s ability to implement entrepreneurial plans that strengthen their capacity to serve the community.
The Patterson Foundation created Margin & Mission Ignition to help nonprofits in our region explore, develop and implement strategies that increase entrepreneurial capacity and strengthen mission impact. Each organization participating in the 18-month process is receiving extensive guidance from No Margin, No Mission, a social enterprise and national consulting firm engaged by The Patterson Foundation. With the success of the match, The Patterson Foundation will have invested $750,000 benefiting more than a dozen nonprofits that participated in the initiative over the past two years.
“In a resource-challenged world, even the most compelling nonprofit mission requires planning for financial thrivability that will strengthen the organization’s capacity to serve our community,” said Debra Jacobs, president and CEO of The Patterson Foundation. “These organizations demonstrate the leadership, willingness, readiness, capacity and culture necessary to undertake this journey toward greater entrepreneurial capacity. Early investors who participate in the match will double their impact.”
Pledges, in-kind contributions and debt funding are not eligible to be matched.
The following organizations are seeking investors for their 2016 Margin & Mission Ignition earned-income plans:
• Charlotte Players
• Florida Maritime Museum
• Historic Spanish Point
• Literacy Council of Sarasota County
• Manatee Players
The following organizations are seeking investors for an expansion of an existing project or a second earned-income venture:
• Charlotte County Habitat for Humanity
• Pines of Sarasota
• The Friendship Centers
Follow Margin & Mission Ignition by visiting www.thepattersonfoundation.org or join the conversation using #TPFMarginMission on social media.
About The Patterson Foundation
The Patterson Foundation strengthens the efforts of people, organizations and communities. The Foundation focuses on issues that address common aspirations and foster wide participation, along with ways organizations learn and share as they evolve. For more information, please visit www.thepattersonfoundation.org and connect with @ThePattersonFdn on Twitter.