Full Circle Fund // 2011 Annual Report

ANNUAL REPORT 2011

Full Circle Fund’s mission is to cultivate leaders and drive positive social change in the Bay Area. Our organization accomplished an incredible amount in 2011 and we’re excited to share it with you in our first formal annual report. As you read on, you’ll see that together, we can truly do more. It’s what happens when you bring together a community of smart, talented people with varied experiences and backgrounds, united by a shared passion to make a difference. We started 2011 with the question —“What are the most pressing problems?”— and our Members went to work to explore the issues and identify solutions. In Education, we focused our efforts on child advocacy, blended learning, and teacher performance and evaluation. In Global Economic Opportunity, we dove into entrepreneurship, community engagement, and anti-poverty efforts. In Environment, we joined the collaborative consumption movement to further advance this redefined approach to sharing. Together we identified and invested in eight innovative organizations we thought could make a profound impact. A healthy mix of early stage to more mature enterprises, they represent some of the best and brightest in the Bay Area. Members leveraged their time, talent, and networks to help these nonprofits advance their critical work. We’re proud to present some highlights in the upcoming pages. This year was also a time of transition. We embarked on a strategic planning process to evaluate our grantmaking initiatives, programs, and our Members’ needs. We learned a lot. We said farewell to longtime leader Amy Lesnick, and added four new Directors to our outstanding Board. We’re proud of our accomplishments, but we have much work ahead. As we continue to refine our model and programs, we are committed to creating the best possible experience for our Members, and to leveraging the most resources for our grant partners so they can impact the community. You’ve made an investment in Full Circle Fund to help accelerate positive change. We thank you for your support and hope you will continue to join us in this effort. Together, we can truly do more.

KIKI MILLS JOHNSTON

CEO

DEAR MEMBERS & FRIENDS,

“Full Circle Fund is the embodiment of how

entrepreneurial efforts can systematically build ongoing

mechanisms through a network of support,

creativity, and people working together to address

key issues in the local community. I think the model will

sustain massively into the future.”

REID HOFFMAN

INVESTOR Co-Founder, LinkedIn

Partner, Greylock

JOSH BECKER

Co-Founder & Board Chair

2 FULL CIRCLE FUND ANNUAL REPORT 2011

OUR MEMBERSHIP

FULL CIRCLE FUND ANNUAL REPORT 2011

“Through Full Circle Fund I’ve learned that our careers can lead to overspecialization. Our true abilities to contribute come to

light by working across disciplines and sectors.”

BRADEN PENHOET | MEMBER

Executive Director Innovation Policy and Law

Berkeley Energy and Climate Institute

BY AGE

BY SECTOR

Summer 2011 Member Orientation

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“Sharing my marketing and

business expertise with nonprofits can

have a much greater impact than just giving money.”

ROBIN JOY | MEMBER

Vice President of Online & Mobile

DocuSign


OUR MODEL

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BUSINESS COUNCIL ON CLIMATE CHANGE (BC3) is a public-private partnership working to

reduce greenhouse gas emissions in San Francisco. We advised on their electric vehicle adoption

campaign to enlist employers and commercial property owners to increase the number of charging

stations downtown. www.bc3sfbay.org

CHILDREN NOW is a national organization for people who care about children and want to ensure

that they are the top public priority. We supported social entrepreneur Ted Lempert and evangelized

their efforts with key stakeholders in California. www.childrennow.org

ED100 is an online resource to help individuals develop knowledge and perspective as leaders in

education change by exploring the competing ideas in plain language. We created Ed100 to call

attention to important developments and put them in the context of the big picture. www.ed100.org

FAMILY INDEPENDENCE INITIATIVE (FII) is a national center for anti-poverty innovation

offering asset-based, community-driven solutions. We lent our expertise in the strategy, design, and

launch of their new online community. www.fiinet.org

IDEX (INTERNATIONAL DEVELOPMENT EXCHANGE) promotes sustainable solutions to poverty

in Africa, Asia, and Latin America. At a key inflection point in their growth plan, we developed a donor

messaging campaign across multiple mediums to expand their reach. www.idex.org

KHAN ACADEMY was founded by Salman Khan with the vision of providing a free world-class

education to anyone, anywhere. By creating an instructional toolkit for classroom teachers, we

advanced Khan’s proof of concept in two pilot districts. www.khanacademy.org

LEADERSHIP PUBLIC SCHOOLS (LPS) is one of the largest public charter school networks in the

Bay Area. We helped successfully launch ExitTicket, an innovative blended learning initiative for

students to leverage mobile technology in the classroom. www.leadps.org

PIVOT LEARNING PARTNERS leads the North Bay Collaborative for Strengthening Teacher and

Principal Evaluation Systems. Members worked in partnership with Pivot to convene 11 Districts in

Sonoma County and advise on redesigning their teacher evaluation systems.

www.pivotlearningpartners.org

OUR 2011 GRANT PARTNERS


“Khan Academy is excited about working with innovative organizations like Full Circle Fund who aren't afraid to challenge some of the basic assumptions in education in order to meet individual student needs. Their Members developed an online toolkit that is now helping provide inroads for classroom teachers who want to utilize our lessons in a blended learning model.”

SHANTANU SINHA President & COO Khan Academy

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IMPACT HIGHLIGHTS: Education

LEADERSHIP PUBLIC

SCHOOLS (LPS)


PROJECT Launch ExitTicket, a new application designed to help low-income students leverage mobile technology in the classroom. Members played a critical role in the initial research and strategy sessions, implementation, and ongoing counsel. IMPACT LPS reported Members’ “brain trust and thought leadership were invaluable” and saved over 200 hours of staff time, valued at $25,000. Full Circle Fund’s work was instrumental in LPS receiving the Next Generation Learning Challenge award, and an anticipated $100,000 grant from The Stupski Foundation for ExitTicket. 150 student lives have been touched and the number is projected to reach 1,500 students by the end of 2012. By 2013, over 3,000 students will be reached.

“It’s inspiring to see the convergence of technology and education in action. Our team was able to be a part of an

exciting new initiative that is changing the way students learn in the classroom.”

AARON MCDANIEL | MEMBER Senior Director, Business Development & Global Strategy AT&T

PIVOT LEARNING PARTNERS

PROJECT Help Pivot lead 11 Sonoma County school districts through a change process to improve outcomes for thousands of students and provide a more professional and fulfilling working environment for teachers and school leaders.

IMPACT Reached 95 educators in 11 districts, serving more than 43,000 children. If half the districts take the next step to redesign their systems, over 20,000 California students will be directly impacted. Members contributed 160 staff hours, saving Pivot an estimated $20,000. Pivot secured $15,000 of additional corporate funding from State Farm and four new fee-for-service contracts including Moreland Union School District, Novato Unified, Fremont Unified, and the Sonoma County Office of Education.

“We truly benefited from Full Circle Fund’s action-oriented

philanthropy. They provided the financial support to seed 11 new

district teacher evaluation redesign projects, and worked shoulder to shoulder with us to curate and facilitate four very

effective workshops .”

DR. MERRILL VARGO

Executive Director

Pivot Learning Partners

“Full Circle Fund’s help allowed us to prototype an educational application and

design process that has significantly impacted student achievement and given us the credibility to secure other funding and national attention.”

DR. LOUISE BAY WATERS Superintendent & CEO Leadership Public Schools

“Pivot’s collaborative and inclusive approach to education reform is the healthiest, most sustainable, and ultimately the

most effective way to facilitate change in our educational

system.”

PAUL COLLINS MEMBER

Executive Director College Summit

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IMPACT HIGHLIGHTS: Environment & Global Economic Opportunity

BUSINESS COUNCIL ON CLIMATE CHANGE (BC3)


PROJECT Produce an actionable strategy to help BC3 address “range anxiety” and to increase the availability of Electric Vehicle (EV) charging infrastructure in commercial buildings throughout San Francisco. The fear of running out of electricity and being unable to charge is the greatest barrier to EV consumer adoption.

IMPACT Members armed BC3 with the contacts, strategy, and outreach plan to reach building managers, tenants, and owners in over 100 commercial buildings in downtown San Francisco. Tools and resources created by Members will help BC3 fundraise for their EV program. Member support also opened the door to relevant potential funding opportunities. Full Circle Fund saved BC3 at least $10,000 of staff member time and up to $3,000 on design for print and online materials.

“Full Circle Fund goes far beyond traditional grantmaking. BC3

received much needed financial and in-kind support for this important initiative, and developed strategic relationships with a diverse and

accomplished team of professionals."

KATHERINE MICHONSKI

Director Business Council

on Climate Change

“The Environment Circle was excited

to take on a project that would

help increase Electric Vehicle usage in the city. It was very gratifying to work with members and an outstanding grant partner to address climate change in

this way .”

SIENNA ROGERS | MEMBER

Manager Financial Forecasting and Analysis Pacific Gas and Electric Company

FAMILY INDEPENDENCE INITIATIVE (FII)

PROJECT Scale FII’s reach from a few cities up to 60 through the conceptualization of UpTogether, a web-based community-building site. The team lent expertise in the strategy and design of this online community to encourage nationwide participation and reduce poverty. IMPACT Members’ time contribution saved the organization two thirds of a full-time staff member. Members saved FII over $3,000 by connecting them to a leading design firm that conceptualized and designed the UpTogether website. Full Circle Fund’s team increased the beta supporter community enrollment by 50% and put a structure in place to officially launch by mid 2012.

"We unequivocally gained incredible value from our engagement with Full Circle Fund. The team brought to light strategic issues we probably would not have considered, and helped us gain access to real market data from supporters."

JORGE BLANDON Vice President Family Independence Initiative

“Partnering with FII was extremely rewarding, both professionally and personally. It provided an

opportunity to interact with a diverse and talented team of members, with the common goal of helping a great non-profit achieve greater scale and impact."

RYAN TAKEMOTO | MEMBER Senior Competition Counsel Visa, Inc.

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INCOME Member Income $219,997 Investor Income $162,064 Corporate Support $100,000 Miscellaneous Income $12,549 Program Income $215,970 TOTAL INCOME $710,580 EXPENSES Fundraising $121,525 Management $63,676 Programs & Grants $642,864 TOTAL EXPENSES $828,065

Our Members participate in a rigorous process to research, vet, and select a grant portfolio of seven to 12 organizations per year. Once approved by our Grant Advisory Committee and Board of Directors, Grant Partners receive financial grants of up to $25,000, plus our Members’ time, talent, expertise, and connections.

FINANCIAL HIGHLIGHTS

2011 Functional Expenses

Statement of Activities


“I could write checks to other nonprofits ‘doing good’ in the world, but at Full Circle Fund I know that whatever I put in, in dollars and time, is compounded by the passionate work of many others who have complementary talents and connections. As a

member, I can have a significant impact on how those resources are allocated and with which organizations we partner.”

STEVE SCHOETTLER | MEMBER Co-Founder, Zynga Founder, Junyo

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“It's easy to throw your arms up and say, ‘These social problems are intractable. They'll never be solved.’ But that's certainly not the spirit of Silicon Valley. That's certainly not the

spirit of entrepreneurship, and that's not the spirit of Full Circle Fund.” TED WANG | ALUMNUS & INVESTOR Partner Fenwick & West LLP

MEMBERS & SUPPORTERS


“When we founded Full Circle Fund, we set out to bring smart, talented people together to leverage every asset we

had - our financial resources, our brains, and our social networks to identify and develop ideas that could really move the needle in our issue areas. I'm so proud of all we’ve accomplished, and there is still much more to do.” JOSH BECKER | MEMBER Co-Founder & Board Chair Full Circle Fund

MEMBERS *indicates Full Circle Fund Board Member

Karen Alden Katie Colendich Jennifer Johnson Melissa Powar

Jennifer Anastasoff Paul Collins Jenny Jordan Margi Power

Mike Anders* Amy Currin Robin Joy* Elizabeth Ramirez

Timothy Arnold Carolyn Davies Brian Kaplan Stephanie Rico

Adam Bad Wound Melissa Davini Leslie Keil Jason Rissman

Deborah Barron Kate DeYoe Gabrielle Kivitz Sienna Rogers

Hannah Bascom Stephen Dodson* James Lee Kristen Sager

Matt Bauer Nick Driver Molly Lee Fred Schnider

Brad Beal Penny Dyer Jared Leiderman Steve Schoettler*

Josh Becker* David Ehrenberg Amy Lesnick Jillian Settle

Sophia Belloli Aimee Epstein Evan Lurie Andy Shin

Nicole Bien Sid Espinosa Steven Lurie Marc Smolowitz

Radha Blackman Casey Farmer Doug Mandell Andy Sohn

Mikhal Bouganim Matt Finick Tanya Marston Ryan Takemoto

Anne Boyd Rabkin Nathan Fisher Trina Martynowicz Adam Traeger-Hirschfelder

Michelle Branch Jennifer Forster Aaron McDaniel Beth Trask

Annette Brinton Michael Frost Wendy Millet Rob Trice

Stephen Brooks Kristin Gilliss Christopher Mondini Ron Turiello

Jordan Brophy-Hilton Kirsten Green* Shannon Nessier Amie Vaccaro

Lucy Burns Adam Gross Dee Dee Nguyen Russ Wallace

Andrew Byrnes Pamela Hawley Melanie Nutter Peter Werner*

Eva Camp* Chuck Hornbrook Kelly Oliver Sarah Whitelaw

Jeff Camp Catherine Hutton Markwell Braden Penhoet Greg Wolff

Michelle Carreon Kim Jacobson Scott Pofcher Sarah Wigglesworth*

Margret Caruso Mark Jacobstein* Jeff Pollock

Corrina Chow Lucy Johns

Andrew Bartlow Harrison Dillon* Joe Kleinschmidt Joe Ross

CORPORATE PARTNERS

AT&T

Cooley LLP

Hanson Bridgett LLP

The Koret Foundation

Microsoft Corporation

Pacific Gas and Electric Company

Qualcomm

The Rogers Family Foundation

Wells Fargo

Eastern Advisors

From January 1, 2011 to December 31, 2011 If you see an error or omission, please accept our apologies and inform Full Circle Fund at (415) 824-4840 x310 or [email protected].

INVESTORS

Anonymous Erikka & Geoffrey Arone

Joanna Drake Earl

Lisa & Douglas Goldman

Mike Gridley

Reid Hoffman

Lenny Mendonca

The Thomas & JaMel Perkins Foundation

Rhona & Rick Thompson

Laney Thornton

Ted Wang

IN KIND PARTNERS

Aili Ice Designs

AzureFire LLC - iDigiTAG

BetterWorld Telecom

Color Burst Flowers

Elefint Designs

Eventbrite

Greater Purpose Wine

Hotbed Media

JustGood.tv

Keith Lewis Photography & Imaging

M Woodward Catering

Salesforce

Scion Staffing

Solazyme, Inc.

Spy Post Square

Thomas Minczeski Photography

GPS Connections

Hansen’s Natural Soda

Blue Angel Vodka

Café-Razzi

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133 Kearny Street, Suite 202

San Francisco, CA 94108

www.fullcirclefund.org

www.facebook.com/fullcirclefund

www.twitter.com/fullcirclefund

An engaged philanthropy organization cultivating the next generation of community leaders to drive lasting social change in the San Francisco Bay Area and beyond.

INFOGRAPHIC BY www.elefintdesigns.com www.infogra.ph


Full Circle Fund // 2011 Annual Report

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