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SVP Chicago Launches 2017-2018 Investment Cycle

Posted by colleenscrivner

SVP Chicago has launched its 2017-2018 investment cycle. We are accepting Letters of Interest from nonprofits whose primary focus is to break the cycle of poverty in Chicagoland.

SVP is an engaged philanthropy organization that strives to identify and support the most promising nonprofits that bring innovative approaches to their work and can make a meaningful impact on the men, women and children facing society’s toughest challenges. We support those nonprofits through multi-year, unrestricted financial commitments and capacity building to strengthen their organizations and set the stage for enhancing their social impact.

We are especially interested in organizations that are at an inflection point in their evolution and are looking to scale in a meaningful way in the next few years. Chicago area nonprofits that fit the following criteria are encouraged to submit an LOI via this link: investeeapply.svpchicago.org.

  • The organization’s primary focus is to address the cycle of poverty in Chicagoland.
  • The programs are scalable and replicable.
  • The programs have a track record of demonstrable success and create lasting impact.
  • The budget is greater than $250,000 but less than $7,500,000.
  • The staff and board desire growth and hands-on assistance in building their organizational capacity in areas such as strategic planning, board development/governance, fund development, business operations (including accounting/finance), marketing and technology.

Community-based and grass roots organizations are encouraged to apply. Please note that schools, foundations and governmental entities are not appropriate for partnership with us and will not be considered for our investment.

We intend to make a three-year commitment to our investee organization, with an investment of $25,000 per year, renewable annually for three years. The more significant value that we provide our investees is the human capital and capacity building investment of our partners. More information about us can be found at www.svpchicago.org.

Please note that the completed Letters of Interest are due to SVP by August 11, 2017, by 5 pm central, and there is a mandatory briefing call with the co-chairs of our Investment Committee on either July 27 from 9 – 10 am or August 4 from 12:30 – 1:30 pm. Interested organizations should contact Colleen Scrivner at colleen@svpchicago.org with the preferred day and the number that will be used to call in for the mandatory call, and she will provide confirmation and call-in details.

Important Dates:

August 11, 2017:                     LOIs due

November 2, 1017:                 RFPs due

October 10 – November 15:   Program visits and board due diligence

December 14, 2017:               Semi-finalist presentations

January 2018:                         Site visits

Early February 2018:              Final selection