DALLAS – After vetting a list of more than 40 proposals, Dallas Social Venture Partners (DSVP) has selected three North Texas organizations to be deemed its newest Investees and to receive funding and engagement. These organizations will join DSVP’s Social Investment Portfolio, which represents a diverse array of nonprofit agencies whose mission address at-risk youth and/or education.
Dallas Community Lighthouse, a non-profit agency that provides tutoring to at-risk youth, will receive a $50,000 investment along with “engagement” time from DSVP’s network of professionals, social entrepreneurs and foundations. The DSVP board also approved the establishment of a pilot program to work with KIPP Truth Academy, a college-preparatory public school that works proactively with students to achieve academic excellence, and PediPlace, a Lewisville-neighborhood pediatrician’s office for children who are uninsured or who receive Medicaid or CHIP benefits. As part of this program, both KIPP and PediPlace will receive investment and resources in the form of “engagement hours” from DSVP Partners in lieu of grant dollars.
“Welcoming new Investees is one of my favorite parts of being involved with DSVP,” said Richard Evans, the Investment Committee co-chair. “It’s more than just giving out money, it’s a new approach to philanthropy. Our partners helps local nonprofits work on sustainability with the leveraging time, money and resources.”
DSVP’s Investee process involves a committee of Partners reviewing and vetting proposals from area nonprofits through a competitive funding process. Then, the finalists work with DSVP partners to complete an Organizational Assessment administered by the Center for Nonprofit Management which helps develop a three year engagement strategy. The full partnership votes on the final “Investees” based on how the Partners think we can best help these organizations.
