Take a look at the latest news, insight, and updates from the Slingshot team.
First, 517 smart and bold investors joined in the fight against poverty by investing a total of $2 million in Slingshot Memphis' IMPACT Fund in 2020. One-hundred percent of these funds were invested in Slingshot's portfolio of nonprofits earlier this month. These dollars will help amplify high-impact interventions and address opportunities for growth.
Second, we added seven poverty-fighting organizations to Slingshot’s portfolio, which now stands at thirty. Our team is excited to begin working alongside the following organizations in 2021:
Boys and Girls Clubs of Greater Memphis
Girls Inc. of Memphis
Memphis Teacher Residency
Room in the Inn-Memphis
YWCA Greater Memphis
We celebrate these organizations as they will strengthen and expand a feedback loop that provides nonprofits and donors with new insights that enable more evidence-based decision making. Over the next three years, Slingshot plans to add an additional 30-50 organizations to its portfolio.
Last but not least, we are motivated by recent feedback we've received from some of our stakeholders. Below are a few examples.
“This process has been amazing. We cannot thank you AND the team enough. It has provided us with insight and reflection. Your methodology is impeccable and revolutionary.” DeAndre Brown, Executive Director, Lifeline to Success
“Slingshot quantifies the value proposition for their nonprofit partners and gives them a clear self-improvement roadmap. This unbiased analytical rigor ensures donors that their funding is earning a high ROI and is making a difference in attacking poverty in Memphis.” Jim Witherington, IMPACT Funder
“The Soulsville Charter School is honored to be Slingshot's first school partner, and we highly value the impact assessment process and results. We entered the process with excited anticipation of the opportunity for reflection and growth, and Slingshot has delivered. We look forward to Slingshot's continued engagement with Soulsville as we enhance our poverty-fighting impact.” NeShante Brown, Executive Director, The Soulsville Charter School
“We support Slingshot Memphis because every penny we give benefits our under-resourced neighbors.” Anne Frassinelli & Bill Ferguson, IMPACT Funders
“The IMPACT Fund helps to fight poverty in many ways. When those funds pay to repair homes, it addresses weatherization, lead, and safety issues in those homes that would not have been addressed otherwise. It helps stabilize and give our clients a new foundation and allows them and their children to thrive.” Sandra Madubuonwu, Senior Director / Social Determinants of Health and Wellness at Methodist Le Bonheur Healthcare, Nurse-Family Partnership
“Thanks for the great report that will prove most beneficial! I so appreciate Slingshot Memphis. You all have pushed us to a higher standard.” Kaitrin Valencia, JIFF