introduction to social venture partners
DESCRIPTION
An overview of the mission, programs, and investments of Social Venture Partners Minnesota.TRANSCRIPT
Social Venture Partners: Investing in Social Entrepreneurs
SVP founded in Seattle 1997. Today 26 Affiliates
About Social Venture Partners Minnesota
We are a venture philanthropy organization with a dual mission to: Promote philanthropy… Practice philanthropy
Venture Philanthropy
“The most interesting developments in philanthropy are trends in engagement” - Patty Stonesifer, Gates Foundation
Engaged giving Going beyond check writing Application of personal skills and experience to those served Two-way learning
Based on the venture capital model Seeks innovative social entrepreneurs in which to invest Patient capital – multiple year support Direct assistance to the investee from the investor Performance milestones for the investee
We invest in social entrepreneurs. A social entrepreneur…
Is inspired to solve a social problem
Acts innovatively to create a new solution to the social problem
Takes direct action by creating new organizations, services, or markets
Demonstrates courage and persistence and bears the risks of innovation
Has a workable plan to move from vision to reality
Creates demonstrable social benefit through the value proposition they pursue
The SVP partners Profile:
Philanthropic 40 - 75 age. Some retired, most
working. Entrepreneurs, business executives,
professionals 28 partner units, 57 members Sectors: IT, VC & finance,
manufacturing, business services, sales and marketing
Participation: Annual contribution of $5,400 to
the investment fund Select investees Support the investees by doing
capacity building projects Take part in educational events Socialize with other partners and
the investees
Capacity building resources for investees
Consulting and coaching from SVP partners Assistance with Capacity Building Plans In-kind donations Connections with their network Executive Directors’ Forum
Carlson Ventures Enterprise Multidisciplinary MBA student teams Assistance with Capacity Building Plans
Education and training Sustainable Strategies fundraising training Search Institute Forty Developmental Assets training
Preferred Vendor Services MAP for Nonprofits discounted services Nonprofit Assistance Fund
SVP Theory of Change
SVP Programs
Community Leadership ProjectsCommunity development convening/consulting
SVP TeensYouth philanthropy
Philanthropic PartnersSmall business corporate philanthropy
Social Entrepreneur's CupRecognition and investment
Engaged Philanthropy ConferenceEducation & community building
Social Entrepreneurs' Fund(Core)
Financial support and capacity building
Philanthropy is a family affair through our SVP Teens program…
The Philanthropic Partners Program
The Philanthropic Partners Program is an initiative of Social Venture Partners to increase engaged philanthropy among small to mid-sized businesses. Designed for businesses that want to give back but have limited staff and expertise A Philanthropic Partner business commits to making a grant to a nonprofit organization
serving at-risk children or youth. In addition to the grant, a Philanthropic Partner provides volunteers from among its employees and management team to assist the nonprofit with a capacity building project.
Social Venture Partners provides its Philanthropic Partners with a ‘turn key’ process. Philanthropic Partner businesses receive: A complete grant making process including the documents and tools to solicit applicants,
evaluate applications, and award a grant. Training and coaching for employees participating on the grant team in basic concepts of
philanthropy and grant making and in use of the grant making tools. Assistance in selecting and defining the capacity building project your employees will do
with your grantee. The business is fully recognized in all communications to the grantee and to the media.
ENGAGED PHILANTHROPY
2009 CONFERENCE
The Engaged Philanthropy Conference…
Hosted by SVP with lead sponsors Best Buy, Minneapolis Foundation, and Lowry Hill
Features the Social Entrepreneur’s Cup competition
Attended by nonprofit, foundation, and business leaders
Social Entrepreneur’s Cup
Seek out, support, and celebrate, Minnesota's most innovative and effective social entrepreneurs and the organizations they lead.
Cash prizes and consulting help from SVP partners
2008 Winners: Students Today Leaders Forever International Breast Milk Project
Area of interest and 2009 focus
Social ventures that improve the lives of at risk children and youth
2009 focus: early childhood development ages pre-natal to 5 Child care, pre-K, and parenting
support
SVP Investments 2008Re-grants Amount
ACEs $15,000Genesys Works $20,000Students Today Leaders Forever $20,000
$55,000New Grants
Social Entrepreneurs Cup winners 23,000$ Baby's Space 25,000$
$48,000SVP Teens
Bolder Options $5,500
Philanthropic PartnersHigh School for Recording Arts (Lube-Tech) 25,000$
Total Investment 2008 $133,500
Total Investment since launch $663,500
Our portfolio of current investees…
Our “Alums”
We are looking for social ventures that are…
Led by innovative social entrepreneurs that are solving social problems
Committed to growing their organization and expanding their reach to new markets, geographic areas, or larger numbers of customers served.
Beyond ‘proof-of-concept’ stage with some form of evaluation that demonstrates results
Seeking capacity building assistance as well as financial support efforts that improve an organization’s ability to achieve its mission infrastructure and systems development (i.e. marketing or IT) or leadership
development within the organization (i.e. executive coaching)
Philanthropic Partners Program investees…
Philanthropic Partner Company
Lubrication Technologies
Coughlan Companies
Investee
High School for Recording Arts
East Side Learning Center
Closing Thought
"To give away money is an easy matter and in any man's power. But to decide to whom to give it, and how large, and when, and for what purpose and how, is neither in every man's power nor an easy matter.” - Aristotle
