Qualified kudos

7 May

When I first met a staffer from the GreenLight Fund, I was pretty skeptical of their stated approach. Assuming that there is no existing organization effectively solving your problem and parachuting in from out-of-town with a “replicable solution” sounds like a recipe for frustration to say the least.GreenLight Fund logo

This 2012 Generocity.org article articulates some of the skepticism.

In contrast, this Philadelphia Business Journal article summarizes GreenLight’s philosophy from their perspective:

 It focuses on issues affecting low-income children and families by taking the principles that VCs [venture capitalists] use to select companies to invest in and applying them to selecting nonprofits to fund.

Specifically, GreenLight works with people in a city to identify the city’s needs; does a national search to find the nonprofits that are best serving those needs in other places; makes grants to enable those nonprofits to bring their programs to the city; and provides them with support to help their programs succeed.

I was also bit put off by the tap-dancing response I got from their staffer to some very basic, nonthreatening questions, and even less delighted by their opaque website. Hard to trust someone’s agenda when you don’t know where they’re coming from.

(I’m glad to see they’ve now added a bit of info on their funders and their “Selection Advisory Council” — though there is a second, mostly similar list elsewhere on the site.)

I am even more pleased to say that their first two grants appear to be promising: $1.33 million to Year Up and $1 million to Single Stop  USA.

From the Business Journal article:

  • “Year Up is a Boston-based nonprofit helps disconnected, 18-to-24-year-old urban residents get the skills and experience necessary for professional careers.”
  • “Single Stop is a New York-based nonprofit that helps low-income community-college students stay in school by connecting them and their families with financial resources and other support.”

What I know of Year Up is very positive. (I don’t know anything about Single Stop, though it seems similar to the Benefit Bank here in Philadelphia. It is interesting that apparently it is the same program that GreenLight funded in Boston. What are the odds?)

Here’s hoping this project works out well for Philadelphia! I’ll be keeping an eye on it.

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