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Social Venture Partners San Antonio files for 501(c)(3) status

Posted by execdirect

NEWS – Social Venture Partners San Antonio (SVPSA), continues the process to change from a Field of Interest Fund at the San Antonio Area Foundation to a new tax exempt public charity organized under section 501(c)(3) of the Internal Revenue Service Code. The paperwork is started and SVPSA is expected to complete the transition early in 2019.

“Our mission and vision are the same, the change is a planned next step in our goals to grow Social Venture Partners San Antonio into a leading funding and volunteering organization for San Antonio area nonprofits,” said Jennifer Moriarty, Chairman of SVPSA.

SVPSA will also grow the funding amount in 2019 to include more grants to nonprofits. This increase will include adding smaller grants that have 6-9 month impact and will provide multiple ways for partners to get involved with mentoring and volunteering our skills.

Since our founding in 2016 SVPSA has built a strong, recognized network of partners and begun to shape how SVP will benefit San Antonio. Founding partners, John Eadie and Justin Pawl already knew of the impact SVP can make in other communities with a unique model and knew there is a need for this type of giving in Alamo City. Moriarty explains, “Our partners are energized by sharing ideas on how to get more involved in making a difference through funding and volunteering throughout the city.”

While each is unique, the San Antonio’s affiliate of SVP joins a growing network around the globe, to include two in Texas, Dallas and Austin. Each affiliate draws on experience and ideas from others to shape funding and engagement programs that will uniquely benefit their community and surrounding areas. The SVP model for support for nonprofits includes investment of money, time and expertise that is focused on building capacity, similar to a venture capital investment model.

Founded in 1997 by software innovator, Paul Brainerd and group of Seattle’s business leaders, Social Venture Partners has leveraged the networks of thousands of engaged philanthropists to effect meaningful change in communities worldwide. Today, SVP is eight countries and 43 affiliate chapters strong — a global movement of over 3400 engaged donors, skilled leaders and volunteers transforming the world’s understanding of social impact.