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SVP selects Kids’ Book Bank to be next Investee

Posted by cleveland

Cleveland donor-volunteers to partner with an innovative organization fostering literacy and love of reading by providing books to children in need

CLEVELAND – Social Venture Partners (SVP), the philanthropic venture fund that supports nonprofit organizations in Northeast Ohio, has awarded its sixteenth multi-year grant to its newest Investee—Kids’ Book Bank. Having selected Kids’ Book Bank (KBB) from a pool of 29 local nonprofit applicants, SVP will offer an initial $15,000 unrestricted grant that is further leveraged by SVP’s commitment to provide volunteer consulting expertise, an essential component of its approach to strengthening regional nonprofits.

Judy Payne, founder and executive director of Kids’ Book Bank, is “excited to see where the next chapter takes us in the amazing adventure of the Kids’ Book Bank. With the talents of the many SVP members, I’m sure it’ll be beyond our wildest dreams—an epic read!”

Leading the KBB engagement is SVP Partner Tara Schmitt. Tara expressed, “I have been so inspired by the work Kids’ Book Bank has done in such a short amount of time. By working with local partners, they have already made a significant impact on the lives of children living in Cleveland, especially those in low-income and underserved communities. I’m eager to leverage the expertise of my fellow SVP Partners to help take the reach and work of KBB to the next level. It’s not just a win for Kids’ Book Bank—it’s truly a win for Cleveland.”

After selecting Kids’ Book Bank as their next Investee for a potential three-year engagement, SVP Partners also expressed their desire to work with this year’s runner-up—Effective Leadership Academy (ELA). Hilary Sparks-Roberts, SVP’s executive director, “is thrilled that SVP’s partners will be offering a tailored, project-specific engagement providing essential strategic guidance and pro bono consulting to Effective Leadership Academy which extends an innovative and proven curriculum of leadership skills to students all over Greater Cleveland and the region.”