The nonprofit is participating in Margin & Mission Ignition, an opportunity from The Patterson
Foundation to strengthen mission impact through earned-income strategies
Sarasota, Fla. – The Patterson Foundation is strengthening Art Center Sarasota’s effort to implement
entrepreneurial strategies by matching up to $50,000 in startup and growth capital investments toward its earned-income plan. Art Center Sarasota is one of the regional nonprofit organizations currently participating in Margin & Mission Ignition, an opportunity presented by The Patterson Foundation that helps nonprofits develop and implement an earned-income plan to strengthen their impact in our community.
Nonprofits are selected to participate in Margin & Mission Ignition’s 30-month planning and implementation process after a months-long application period. No Margin, No Mission, a social enterprise and national consulting firm engaged by The Patterson Foundation, consults with the participating nonprofits on strategies and best practices to generate revenue throughout that process.
Art Center Sarasota plans to launch an affordable facilities rental venture that will boost the
organization’s revenue AND increase mission impact. With both indoor galleries and outdoor spaces
(sculpture garden and back lawn that can accommodate a range of options), ACS offers renters many options for the activities associated with their event. Art Center Sarasota recently shared its earned-income plan with potential investors during a fast-pitch-style event presented by The Patterson Foundation.
“We have already raised more than $37,000 toward The Patterson Foundation’s match, thanks to our generous donors,” said Kinsey Robb, Executive Director of Art Center Sarasota. ”Support from the community is so important so we can successfully launch this initiative and provide those looking for small to medium-sized facilities with a wonderful downtown venue.“
Donations and investments contributed to Art Center Sarasota’s earned-income plan will be matched dollar for dollar by The Patterson Foundation up to 50 percent of its startup capital requirement – up to $50,000 maximum. Pledges, in-kind contributions and debt funding are not eligible to be matched.
“The earned-income plans developed by the organizations participating in Margin & Mission Ignition
are the result of months of dedicated efforts to grow their entrepreneurial capacity,” said Debra Jacobs, president and CEO of The Patterson Foundation. “This dollar-for-dollar match is a way for The Patterson Foundation to applaud the progress they have made so far in their 30-month journey while catalyzing the investments necessary to bring their plans to life.”
Margin & Mission Ignition is part of The Patterson Foundation’s Nonprofit Thrivability initiative. This
initiative connects nonprofits with expertise and resources to learn concepts like strategic decision-making while adopting and implementing entrepreneurial principles to generate enough revenue to support and eventually grow their operations.
For more information about Margin & Mission Ignition, please visit thepattersonfoundation.org or join the conversation using #TPFMarginMission on social media.
To learn more about Art Center Sarasota’s mission or contribute to its effort, please visit www.artsarasota.org.
About Art Center Sarasota
Founded in 1926 and later incorporated as a nonprofit in 1943, Art Center Sarasota serves as the first and oldest visual arts organization in Sarasota. Art Center Sarasota is admission-free and open to the public; our mission is to bring together creatives and the broader public to increase understanding of our human condition, support wellbeing, and build community connection through the universal language of art.
About Margin & Mission Ignition
Part of The Patterson Foundation’s Nonprofit Thrivability initiative, Margin & Mission Ignition is an opportunity for nonprofits in our region to develop and implement earned-income strategies to strengthen mission impact. For more information about Margin & Mission Ignition, please visit thepattersonfoundation.org or join the conversation using #TPFMarginMission on social media.