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PRESS RELEASE: Thu 11/13/2014
AVANCE, a longtime W.K. Kellogg Foundation grantee, has been selected as one of four nonprofit organizations from across the country to partner with Social Finance to explore the potential for Pay for Success Financing.
“Pay for Success models can enable organizations like AVANCE to scale and become sustainable and give us a line of sight into our future,” said AVANCE President and CEO Rick Noriega.
According to an article in the NY Times.com entitled, Nation’s Wealthy Places Pour Private Money Into Public Schools, a research study has found: "private groups are raising an increasing amount of money for public schools in wealthier communities..." This certainly raises questions about inequality.
The article's first two examples do a good job of demonstrating this appalling trend:
The San Francisco Foundation offers funding for special projects, mini-grant programs, and initiatives
The San Francisco Foundation may issue Requests for Proposals (RFPs) or invite proposals at different times of the year. Their grantmaking efforts are narrowly tailored to address a particular issue or geographic area. RFPs are released and publicized periodically through their website and through targeted communications. They encourage all interested organizations to visit theri Program Area pages periodically for RFP notices.