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.
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