PHASE I: BUILDING THE PORTFOLIO (2017)
Phase I consists of measuring and providing support to help our first four nonprofit partner organizations maximize impact, recruiting investors/donors to join our Impact Fund, and allocating Impact Fund dollars to start generating the most effective poverty-fighting return on investment.
PHASE II: DIVERSIFYING THE PORTFOLIO (2018)
In Phase II, we layer additional nonprofit partner organizations into our poverty alleviation portfolio. Having generated more capacity to effectively measure and scale, we will focus on recruiting more investors/dollars for our Impact Fund.
PHASE III: EXPANDING & REBALANCING THE PORTFOLIO (2019)
In Phase III, we partner with even more nonprofit partner organizations. After another year of analysis and fundraising, Slingshot Memphis is positioned to scale our platform, accelerating (or slingshotting) more of our city's most highly effective poverty-fighting solutions. Following our three-year launch, we will continue adjusting our charitable investment platform, always embracing the following methodology:
Measure, Invest, Improve, Repeat.
We are targeting four key areas to leverage impact and diversify our poverty alleviation portfolio:
In 1999, Advance Memphis was founded by Executive Director Steve Nash to bring resources for financial self-sufficiency to residents in and around the Cleaborn and Foote Public Housing Developments. That year, 38126 was the third poorest urban zip code in the nation. For decades, the community has been plagued by generational poverty and its symptoms: crime, unemployment, low graduation rates, and a high infant mortality rate. Conversely, the neighborhood is blessed with many residents who are working hard to learn, grow, and care for their families and neighbors. Over the last 16 years, programs at Advance have expanded to create a holistic, stepping-stone system, supporting our neighbors in 38126 as they move toward financial stability. http://advancememphis.org
The mission of Communities In Schools of Tennessee (CISTN) is to surround students with a community of support, empowering them to stay in school and achieve in life. CISTN is part of the national Communities In Schools network, known as the leading and most effective dropout prevention organization in America; the only one that is proven to decrease dropout rates and increase on-time graduation rates. CISTN works to remove the non-academic barriers that prevent student success in the classroom. In partnership with local school districts, CISTN provides daily school-based interventions to students in grades K–12 to address academic failure, truancy, behavioral issues, social service needs and more. http://www.cistn.org
Nurse-Family Partnership, a community healthcare program, yields quantifiable benefits for first-time parents, their children, and the communities in which they live. Nurse-Family Partnership is an evidence-based community healthcare program that empowers low-income, first-time mothers to become confident parents and strong women by partnering them with nurse home visitors. This trusted relationship instills a level of confidence in the first-time moms that will help guide them and their children to successful futures. www.nursefamilypartnership.org
The Purdue Center of Hope has been providing critical services and shelter for under-resourced Memphians since 2000. Notable programs include the Emergency Family Shelter, which provides safe temporary housing for mothers and children experiencing homelessness due to unexpected or emergency situations through daily meals, caring guidance, intensive case management and assistance, with a focus on job placement and permanent affordable housing. The Renewal Place, a two-year residential recovery program for chemically addicted women and their children, keeps families together while they work towards sobriety, employment, positive parenting practices, and financial literacy. Also, the Single Women’s Lodge, which is the only shelter in Memphis specifically designated for single women, houses up to 20 of our city’s most vulnerable individuals. Many suffer from mental health issues, substance abuse, job loss, or displacement. http://salvationarmymemphis.org
Slingshot Memphis is dependent upon building genuine partnerships with our investee/nonprofit heroes, the organizations who fight on the front lines against poverty in our city. These partnerships are built on mutual trust, transparency, and a common love for our suffering neighbors. We push hard, we challenge, and we measure - ourselves and our investees - but we do so in trust and adoration. We understand that this takes time.
Since 1988, Robin Hood has identified, funded and accelerated hundreds of high-performing poverty-fighting organizations in New York City.
Donate and support Slingshot Memphis
Slingshot Memphis, Inc. will be positioned to partner with additional nonprofit organizations in 2018. To facilitate this expansion, our Board of Directors, led by our Partner Expansion Committee, has created the following process.
Because we too seek out partnerships (financial and otherwise), our team understands the challenges involved when deciding which opportunities merit our limited time and energy. Thus, before moving forward, we strongly encourage all organizations to become familiar with the information on this website. Doing so will help to ensure that our objectives are complementary.
A few of the requirements for partnership are as follows:
An applicant must have 501(c)(3) registered non-profit status or have fiscal sponsorship.
An applicant must have the proof or capacity to demonstrate high impact, data-driven solutions that disrupt poverty in Memphis, Tennessee.
A significant portion of the applicant’s programs must address one or more of the following Slingshot Targets:
Jobs / Economic Security
Early Childhood / Youth
The applicant must have high-quality and dedicated management, staff, and board directors.
The applicant must be able to identify measurable ways that Slingshot Memphis, Inc. can improve its quality and/or capacity to monetize poverty-alleviating outcomes.
If your organization meets the above requirements, we invite you to apply for Affiliate Partner status. The timeline and directions for doing so are as follows. Please note significant dates and deadlines.
A. Phase I - Matching Process. This phase begins on Monday, October 2, 2017, and is the period during which we will accept initial applications for Affiliate Partner status. For consideration as a potential Affiliate Partner, one of the following two requirements must be met by noon on Friday, November 3, 2017:
1. A published profile on WHEREtoGIVEmidsouth (http://WHEREtoGIVEmidsouth.guidestar.org). For more information, please contact Ms. Olivia Wilmot, Profile Coach at the Community Foundation of Greater Memphis, at firstname.lastname@example.org. In addition to completing and publishing a profile, you must notify Slingshot of your interest in partnering via email at email@example.com. Please include the URL of your completed WHEREtoGIVEmidsouth profile when you do so.
2. A completed and submitted Slingshot Survey. For a copy, please email us at firstname.lastname@example.org.
(Effective Fall of 2018, all organizations interested in partnership opportunities must have a published profile on WHEREtoGIVEmidsouth.)
B. Phase II - Meet and Greet. Beginning on Friday, November 17, 2017, Slingshot’s Board of Directors, led by our Partner Expansion Committee, will invite a limited number of organizations to explore partnership opportunities in greater detail. This mutual sharing of information will include Slingshot’s monetization processes, expectations, and timeline. This will also include a more granular and thorough set of questions about the organization and matters such as interventions, outcomes, leadership, budget, theory of change, future plans, and so on. Answers must be submitted by Monday, December 4, 2017.
Phase II will also entail at least one site visit by a Slingshot board director and/or staff member, as well as many more hours of due diligence on our part.
C. Phase III - Final Decisions. On Friday, December 8, 2017, Slingshot’s Partner Expansion Committee will submit a recommendation summary to the Board of Directors.
On Friday, December 15, 2017, the Board of Directors will select Slingshot's partner organizations for 2018 (see below for details on the three tiers of partnership).
By Friday, December 22, 2017, all agreements and contracts will be signed.
In January of 2018, Slingshot will publicize and initiate its 2018 partnerships.
Slingshot Memphis, Inc. will carefully review all information submitted; however, due to our limited bandwidth, we cannot respond individually to each survey form or consider requests for follow-up meetings or calls.
We also regret that many worthy organizations doing extremely important work, even some that offer compelling opportunities for partnership, will not be selected as Affiliate Partners for next year. As we scale our team and tools, we hope to provide full-scale service to any organization that could benefit from our work. In the meantime, we plan to provide varying levels of support to help organizations begin self-measuring and monetizing.
1) Community Allies: This is the broadest and most inclusive tier in our hierarchy. Generally it consists of organizations who are interested in engaging with us on how to better measure impact and monetize outcomes. Some of these organizations will have applied for Affiliate Partner status and not been accepted; other organizations might not yet be interested in pursuing official partnership status but wish to benefit from some of our basic services, like best practices workshops, minimal consulting time, or the Slingshot App, which is currently in development. However, it is our hope that some of these organizations will eventually apply (or reapply) for Affiliate status.
2) Affiliate Partners: This is the first tier for organizations when they become official partners with Slingshot Memphis. This is also the first step in the process toward becoming a funded Investee Partner, although not all Affiliates will ultimately become Investees. Essentially, an Affiliate will work closely with our staff for one full year (twelve months), during which time we will guide them through the measurement and monetization process. A high level of transparency is expected of our Affiliates, as our staff will make multiple data requests over the course of the year. (These requests will focus on program outputs, outcomes, budgetary information, and so on.) At the end of one year, an Affiliate Partner might be promoted to Investee Partner status. However, some Affiliates might not want to become Investees, due perhaps to a lack of need for funding; a desire to not publicize their outcomes (this is required of our Investee Partners); or insufficient funding on our part. Regardless, even if an Affiliate neither merits nor desires funding, in order to remain in our portfolio, it must be fully committed to our process, have demonstrable evidence of disrupting poverty, and provide evidence that they are trending (quantitatively) in the right direction. Which organizations are promoted is ultimately decided by our Board of Directors.
3) Investee Partners: This is the highest tier in our partner hierarchy. Only organizations that have spent one full year (twelve months) as Affiliate Partners will be considered as candidates for Investee Partner status. The decision of whether or not to promote an Affiliate Partner to Investee status will be made by our Board of Directors, with direction from our Investment Allocation Committee, based on the data and results generated over that year. An Investee Partner is also eligible for dollars from our IMPACT FUND, in an amount also determined by our Board of Directors. Please note that financial support is never guaranteed, due to our constant work toward fundraising, and our aggressive stance on deploying dollars. Generally, the expectation is that funding is awarded only to organizations with whom we intend to work in the following year. Further, even for organizations who have already achieved Investee Partner status, ongoing investment at the end of the following year is not guaranteed. Those decisions are made on a year-by-year basis. Lastly, it is possible for an Investee Partner to revert back to Affiliate Partner status after initially receiving funding. This could be due to no longer needing funding from Slingshot Memphis, insufficient funding opportunities on our part, or because there are higher impact organizations elsewhere that warrant funding. We can only commit to funding organizations with the proof or capacity to generate the most effective solutions that lift and keep Memphians out of poverty.