Maximizing Impact by Investing in Sustainability
With a focus on the tri-state area of eastern Pennsylvania, Delaware and New Jersey, the Wells Fargo Regional Foundation is on a mission to improve the quality of life for children and families living in low-income communities. The Foundation aims to accomplish this goal by funding long-term, comprehensive neighborhood revitalization initiatives that address critical community needs.
The Sustainability Initiative helps participating grantees leverage neighborhood outcomes data to articulate their impact, understand their costs and implications for program prioritization, explore options for revenue diversification, build a financial plan that is connected to desired programmatic outcomes, and make a case for unrestricted financial support. It also provides grantees the opportunity to practice pitching to funders, giving them the rare opportunity to receive candid, constructive feedback on their case before they make an ask to new funders.
The Foundation is excited by the preliminary outcomes of the Sustainability Initiative. One of the first grantees to secure new funding is HANDS, Inc., which is working to revitalize the small city of Orange, New Jersey. As a result of its ability to make its case, HANDS received a two-year general operating grant totaling $190,000 and a capital grant of $210,000 from the Kresge Foundation.