As a self-described “experiential learner,” Jeff Ochs says he learns best by doing—applying himself to new tasks and gaining expertise as he goes. His method is working.
Venn Foundation, with anchor financial support from Bush Foundation, today formally announced a bold new initiative to drive $1 million of seed capital to early-stage social businesses in Minnesota, South Dakota, North Dakota, and the 23 native nations that share this geography (the “region”) before January 1, 2020. The goal is to help make this region the best place in the country to launch and grow businesses that officially commit to solving social problems.
Venn Foundation, in collaboration with The Minnesota Council on Foundations (MCF), today released a first-of-its-kind report on the historical use of Program-Related Investments (PRIs) by Minnesota-based private foundations from 1998 to 2016. The PRI PulseTM report gives Minnesota’s philanthropic and investment communities high-quality information on how PRIs have been used in the past, right when many of the state’s foundations are discussing how best to use them going forward.
ECMC Foundation today announced the launch of Education Innovation Ventures (EIV) to tap into the creative power of the private sector to solve problems of inequity in education. EIV uses program-related investments (PRIs), a funding tool made available to both for-profit and nonprofit enterprises. PRIs complement the Foundation's traditional grantmaking strategy, allowing it to unlock a wider spectrum of investment tools, including grants, loans, deposits, equity and guarantees, among others to fund innovative and scalable solutions that improve educational and career outcomes among students from underserved communities.