Friday, July 16, 2010

KIPP leverages with a bigBANG!

DSVP is proud to announce that within thirty days of the bigBANG! Social Innovation event, $250,000 was attracted to the mission of KIPP TRUTH Academy.

Photo: (left) Stacy Caldwell -President of DSVP ; (right) April Crosse - Executive Director of KIPP TRUTH Academy
As one of DSVP’s newest nonprofit Investees, several DSVP partners “pitched” on behalf of KIPP TRUTH Academy to a room of impact investors. They shared a vision to help build KIPP's local capacity to serve more kids throughout North Texas. DSVP partners described their strategic work to strengthen KIPP's business model to help expand KIPP’s vision and impact across the region.

Boone Family Foundation took the lead in this vision at the bigBANG! by issuing a thirty day challenge grant. The effort would help build awareness of KIPP’s efforts, grow their donor base, and encourage further capacity building to help them grow. The challenge promised $1 (up to $25,000) for every $2 raised making the total potential contribution to KIPP TRUTH $75,000.

April Crosse, KIPP TRUTH's executive director, led the effort that far exceeded that vision. Just three months on the job in her new position, April got to work and brought in $70,000 of donations for the match and then circled around to prior requests and closed an additional $160,00. Resulting in more than $250,000 for the mission! KIPP parents, teachers and students along with community donors and funders all worked together to show their support and help accomplish this amazing result!

Founded in 2003, KIPP TRUTH Academy is the Metroplex branch of the nationally renowned Knowledge is Power Program (KIPP). KIPP is a network of charter schools designed to transform and improve the educational opportunities available to low-income families, and ultimately, prepare students to enroll and succeed in college. KIPP has grown from a core of two middle schools established in the mid 1990s to a nationwide network of 82 schools in 19 states and the District of Columbia. All KIPP schools are free, open-enrollment, college-preparatory public schools located in under-resourced communities throughout the United States.

A hearty congratulations is in order to KIPP. A big thank you goes to our friends at the Boone Family Foundation for their vision and leadership. And, a wink and thumbs up to all our DSVP partners who continue to maximize social impact with their efforts!