Investing in Non-Profit Leaders of Color What’s Next
Investing in Non-Profit Leaders of Color
34 THE POWER FUND
THE POWER FUND 35
CONTINUED SUPPORT FOR MAJORITY OF INAUGURAL COHORT OF POWER FUND PARTNERS Our inaugural Power Fund partners helped Robin Hood to learn and grow as an organization invested in equity; forge new connections in neighborhoods and communities; and support more critical services. This work has strengthened our efforts to fight poverty. As the Fund continues, we are renewing programmatic and management assistance support for most of our first cohort. As with all of Robin Hood’s grantmaking, we consider the fit between the organization’s activities and the impact we are aiming to achieve, as well as the organization’s progress in meeting goals for the prior funding period. Our high renewal rate for our first Power Fund cohort is a testament to the high caliber of the organizations, their operational excellence, and their effective program models. INTEGRATING THE POWER FUND INTO OUR GRANTMAKING PRACTICES The goal of the Power Fund is to fully incorporate its partnerships and lessons into Robin Hood’s grantmaking process. As we move closer to that goal in the next phase of the Fund, we plan to transition oversight of Power Fund grantmaking to be under the purview of our programs and policy teams, which fully integrates our new partners into the broader Robin Hood ecosystem – while emphasizing our priority to fund leaders of color in our core work. The Power Fund Advisory Committee, which led the selection process of the inaugural cohort, will remain in place for strategic and directional support.
PARTNERING WITH MORE ORGANIZATIONS LED BY PEOPLE OF COLOR In the next phase of the Power Fund, we expect to fund more organizations led by people of color that meet our standards for effectiveness and impact. Even though all leaders of color have been overlooked and underfunded, this inequity is not equally felt. We will be intentional in looking for partners in most need of our support, which includes early-stage organizations, first-time leaders of color at nonprofits that have historically had white leaders, and people with lived experience reflecting that of the New Yorkers they serve.
Made with FlippingBook Ebook Creator