Are You an Innovative Nonprofit?
Are You Willing to Try a Different Kind of Funding Relationship?
SVP invests in nonprofits with a bold vision and a commitment to elevating the lives of underserved teens. Are you ready to take your vital work to the next level and collaborate with us to accelerate?
For our Q3-Q4 2019 grant cycle, SVP seeks to invest in one nonprofit that serves the social, developmental, and/or educational needs of under-resourced youth. Eligible nonprofits must:
- Support underserved teens (ages 12-21)
- Have a vision and plans for growth
- Demonstrate a proven impact with metrics to support
- Value a collaborative relationship focused on building organizational capacity
We also consider other criteria. You must have: full time executive director, board of directors, serve teens in the seven-county metro area.
Our next grant cycle will open on June 5, 2019. RFP Guidelines and Form – COMING SOON!
- June 5, 2019 – Guidelines for Letter of Interest (LOI) released
- June 20, 2019 – LOIs due
- July 24, 2019 – Request for Proposal (RFP) issued by invitation
- August 28, 2019 – RFPs due
- October 2-18, 2019 – Site visits conducted
- October 24, 2019 – Finalists notified
- November 21, 2019 – Pitch Night
SVP will host information sessions about the grant. Dates and times will be posted once confirmed.
What We Bring to the Table
Three years of general operating support (up to $25,000 each year). We know how critical general operating dollars are and believe you’re best positioned to decide where the grant money should be invested.
Tools and support to assess your organizational capacity – a.k.a. the strength of all those behind the scenes systems: strategic planning, leadership development, marketing, human resources, financial management, communications, fund development, board governance, etc.
Skilled volunteers to help you develop a plan for addressing the operational challenges you identify as critical to achieving your mission. We put these skilled volunteers to work alongside you to build your organization’s capacity in these areas.
A commitment to working in partnership. We get that there’s a power dynamic in funding relationships. We will do our best to mitigate that. We will collaborate to define success up front and together.
What We’ll Ask of You
A willingness to take a hard look at what’s holding your organization back, and to share those challenges openly. Once the cards are on the table, we can get to work – together.
Flexibility and openness to working with volunteers who have busy schedules and varied professional backgrounds.
A commitment to calling us out when something’s not working for you. That may be uncomfortable, but our best results come from honest relationships.
An annual work plan and progress report that outlines the capacity building areas you are focused on, how they relate to your mission, and what you have achieved at the end of each year.
We’re not going to lie. We ask a lot of our Investees. And we’re not perfect. Our venture philanthropy model is not right for all organizations, or at all stages of their organizational development. But when the fit and timing are right, our Investees say it’s worth every ounce of effort.
Interested? Here’s How to Apply:
#1 Check Your Eligibility
Is your organization:
- A registered 501(c)3?
- Located in the Twin Cities seven-country metro area?
- Focused on underserved teens?
- Supported by a full-time executive director and an established Board of Directors?
- Not a previous recipient of a SVP three-year grant?
#2 Check the Deadline
SVP typically has one to two grant cycle(s) per year. To get on the listserv for the notice, contact firstname.lastname@example.org.
#3 Submit a Letter of Interest
Nonprofits are invited to submit a Letter of Interest (LOI) during each grant cycle. Letters of Interest are evaluated by our investment committee.
If you have questions about applying for an SVP grant, please contact email@example.com.
Our Next Grant Cycle:
The next grant cycle begins in June 2019 and will be an open invitation for any organization serving teens in the seven county metro area that meets our grant criteria. See link above for a proposal guideline.