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Framingham State College Monday, February 13, 2012 Social Innovation Forum
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Social Innovation Forum. Framingham State College. Monday, February 13, 2012. Root Cause. Root Cause is a nonprofit research and consulting firm that partners with nonprofits, philanthropy, government, and business to advance solutions to today’s toughest social issues. . Departments - PowerPoint PPT Presentation
Transcript of Framingham State College
Framingham State College
Monday, February 13, 2012
Social Innovation Forum
© 2012 by Root Cause
Root Cause
Root Cause is a nonprofit research and consulting firm that partners with nonprofits, philanthropy, government, and business to advance solutions to today’s toughest social issues.
Departments• Idea Lab• Root Cause Consulting• Social Impact Research• Social Innovation Forum
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© 2012 by Root Cause
Mission3
Root Cause’s Social Innovation Forum provides a unique opportunity for innovative nonprofit organizations to gain visibility, expand their networks, and build capacity. Each year, we partner with leading local funders to identify and support six Social Innovators, one per “social issue track.”
© 2012 by Root Cause
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What are the overarching challenges?
Trillions of $$
Millions of Nonprofits
Significant Progress on Social Issues
© 2012 by Root Cause
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INFORMATION allows investors to
make informed decisions
COLLABORATION allows the spread of
proven solutions and amplified
success
SOCIAL IMPACT MARKET
Resources flow to the best solutions
Our Hypothesis: The Social Impact Market
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Our Model for Creating Enduring Social Impact
Innovative Boston-area nonprofits
Effective Results oriented At an inflection point
Social Impact Investment Community
Individuals Foundations Corporations Professional service
firms
Invest and reinvest time, talent and treasure
Create growth and social impact
The Social Innovation Forum builds bridges
© 2012 by Root Cause
Selection Process Timeline7
Nomination and
Evaluation Committees
Nonprofit Community
Partners and Sponsors Aug 3rd
First-round application due
Aug 23rd Second-round invitations issued
June 20th Launch
Sep 13th Second-round application due
Oct.28th – Nov 3rd Final-round interviews
Dec 1st Innovators announced!
© 2012 by Root Cause
2011-2012 Social Issue Tracks
At-Risk Children and Youth in MetroWest: Providing Adult Guidance and SupportTrack Sponsor: The Sudbury Foundation
Food, Nutrition, and Fitness: Promoting Healthy Living for Children, Youth, and Families
Track Sponsor: The Trefler Foundation
Healthy Aging: Engaging and Supporting Older Adults in their CommunitiesTrack Sponsor: Tufts Health Plan Foundation
Impact Investing: Scaling Social EnterpriseTrack Sponsor: The Devonshire Foundation
Science, Technology, Engineering and Mathematics (STEM) Education and Enrichment for Children and Youth
Track Sponsors: Amelia Peabody Foundation and Microsoft New England Research & Development Center
Workforce Development: Skills and Support for Workers in Today's EconomyTrack Sponsor: Highland Street Foundation
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© 2012 by Root Cause
The Sudbury Foundation
Tufts Health Plan Foundation
Amelia Peabody Foundation and Microsoft New England Research &
Development CenterHighland Street Foundation
The Trefler Foundation
The Devonshire Foundation
TEMPO, a program of:
2012 Social Innovators9
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With Support from Investors, our Social Innovators Grow Rapidly
While nonprofits nationally grow 5% annually, our Social Innovators grow 31% a year on average
* Social Innovators 2004 -2008, excluding Boston Health Care and Research Training Institute, Treehouse Boston, Tacos Unidos – a Roca initiative, and Boston Black Women’s Health Institute, for which data was not reported
© 2012 by Root Cause
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Our Impact
The Social Innovation Forum has held eight Showcase events, received more than 680 applications, and recognized 50 Social Innovators since its founding in 2003
The 2011 Showcase attracted over 300 attendees Our selection process and program bring together
more than 1,500 philanthropists, foundation staff, businesspeople, and government officials who are interested in supporting innovative, effective approaches to important social issues
As of January 2011, we have directed more than $8.5 million in cash and in-kind services to our Social Innovators
Of our six 2010 Social Innovators, three received new gifts of more than $100,000 – including one gift of $400,000 and one of $500,000
© 2012 by Root Cause
Total Returns Per Innovator (2012)12
Root Cause • Five-month consulting engagement $25,000
In-Kind Partner Services and Social Innovation Forum Support:•Executive coaching•Presentation skills coaching•Public relations services•Web design support•Graphic design support•Data management consulting•Development consulting•Social Innovation Forum relationship coaching•Social Innovation Forum events and events management•Social Innovation Forum follow-on metrics support•Prospectus and performance measurement materials
Upwards of $64,000
Root Cause or In-Kind Partner • Follow-on consulting engagement 18 months out of the program $10,000
Track Sponsor• Direct, pass-through grant $10,000
Total Benefits Accessible to Social Innovators (Est. Value) $109,000
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Case Study: Strong Women, Strong Girls
© 2012 by Root Cause
Selected Past Social Innovators
2006 2004 20032008 20072010 20092011
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© 2012 by Root Cause
Our Goals for Social Innovators
Better understand their position in the social impact market
Better articulate the uniqueness and effectiveness of their social impact models
Scale up their marketing and communications efforts
Build a relationship map to focus their networking and development efforts
Develop and track a set of measureable outcomes, leading to increased program performance and social impact
Attract new funders, advisors, and other supporters
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© 2012 by Root Cause
Who’s Who?
SERVICES
INNOVATORAriel Group
Opus Design
Presentation Advisor
Consultant
Coach
Lead Consultant:Katie Barnett
SUPPORT
Susan Musinsky, DirectorZeina Fayyaz, Program CoordinatorKatie Barnett, Lead Consultant
Megan Fernandes, Program Assistant
Michelle Wong, Development AssistantSOCIAL INNOVATION FORUM STAFF
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Lead Coaches:Michele Vitti & Jerry DiMatteo
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In-Kind Partners
SIGNATURE IN-KIND PARTNERS Ariel Group Massachusetts School of Professional Psychology Opus Design Promus+ Consulting Public Service Economics
SUPPORTING IN-KIND PARTNERS Goodwin Procter Isovera Consulting Microsoft New England GiveCamp Nonprofit Professionals Advisory Group Solomon McCown & Company
© 2012 by Root Cause
Deliverables
DELIVERABLE DESCRIPTION A FEW POSSIBLE USES SUPPORT
Prospectus Four-page prospectus that presents the organization’s mission, vision, performance data, and areas for investment
Handout for the Showcase and future events, part of a marketing kit,a supplemental piece in grant-writing,a download on the organization’s website.
Consultant,Social Innovation Forum staff
Five-Minute Talk
A preliminary version of the five-minute pitch that connects the organization’s work to the target social issue
“Social Issue Talk” and future events,An informal pitch for one-on-one meetings.
Consultant
Five-Minute Pitch
A polished, five-minute pitch with accompanying PowerPoint slides
Showcase and future events, A formal presentation for prospective investors,A formal presentation for new hires/volunteers.
Consultant, Presentation Advisor, Ariel Group, Opus Design
Supplemental Slides
Additional PowerPoint slides (not part of the five-minute pitch)
Showcase follow-up and future events, An in-depth presentation for prospective investors, new hires, or volunteers.
Consultant, Opus Design
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© 2012 by Root Cause
Summary of Process
SERVICES DECEMBER JANUARY FEBRUARY MARCH APRIL POST-FORUM
Consulting and Graphic Design
Coaching
Ariel Group Workshop
Showcase Prep Presentation Advisor
Panel Presentation
and Ariel Group One-
on-One’s
Social Issue Talks
Events
SIF and In-Kind Support
Showcase: May 3, 2012
Board Breakfast
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Performance Measurement Cycle20
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Social Innovation Forum ProgramTimeline
We offer each Social Innovator access to a package of consulting, coaching and in-kind services valued at over $109,000. As part of that package, each Social Innovator receives a $10,000 grant from his/her sponsoring track partner, plus an additional $10,000 consulting engagement upon completion of our year-long key measures process.
© 2012 by Root Cause
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Our Guidelines and Criteria
$100,000 budget At least 1.5 FTE In Greater Boston area Replicable model or growth potential can be seen Infrastructure to take learning and grow with it. Leader stable and likely to stay around Solid financials or financial history that makes
sense. At an inflection point in their development
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Prospectus – why is this helpful to a group?
Interactive Conversation
