Part Two of a Two-Part Series
On October 12, the application period for 2016 Strengthening Pierce County (SPC) grants opened. Earlier this month we shared with you what makes these grants unusual in the world of philanthropy, and two of the five characteristics we look for in our grantees. Here we share the final three characteristics and a call for applications!
The time has come! I have shared with you my understanding of impact investing, and why it is important for the Greater Tacoma Community Foundation to explore this new investment tool. Now I want to dig into the commitments we have already made. We are proud that they illustrate the diversity of ways we can make our community even stronger. This post will focus on our first investment, with the National Development Council.
Dodie Shelton “saw life in colors,” her son Steve recently recalled. And our community is grateful that she did. In her honor, Steve and his brothers, Scott and Stuart, endowed the Dodie Shelton Art Scholarship. We recently sat down with the Shelton brothers to learn more about their mother and the genesis of their generous gift.
In late October we had the opportunity to meet with more than 140 nonprofit professionals at our annual Grant Information Session. We reviewed our 2016 competitive grantmaking programs, discussed our lessons learned, and announced some additions to our work. It was an inspiring and enriching morning. Thank you for the work that you do to make our community even stronger, we enjoyed spending time with each of you.
Part One of a Two-Part Series
On October 12, the application period for 2016 Strengthening Pierce County (SPC) grants opened. These are general operating grants awarded to nonprofits in our community with annual organizational budgets under $1 million. We are excited to be able to offer these flexible funds, far from the norm in the world of philanthropy.
You’ve probably already heard that at GTCF we have a big mission: to build a vibrant, compassionate, and engaged Pierce County. To achieve this goal, we look to partner with individuals, families, community leaders, nonprofit organizations, businesses, and anyone else who is interested in joining us. And, just as we are looking for more people to engage, we are also looking for the most effective tools to do our work.
Double bottom line investing.
Triple bottom line investing.
Socially responsible investing.
There are more terms than we can list to describe all the opportunities today to invest for good. Impact investing is shaking up both philanthropic and traditional finance circles, having captured the attention of investors of all stripes: private and public, for-profit and non-profit, individual and institutional. A recent report, Essentials of Impact Investing, estimates the total impact market could reach between $400 billion and $1 trillion by 2020.
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