After decades of collective experience raising funds, recruiting and retaining members, and experimenting with member benefits and new non-profit business models, the Progressive Multiplier Fund has launched a Center of Excellence to share best practices in revenue generation and two new funds: the The Test and Innovation Fund and The Growth Fund.
The Progressive Multiplier Fund (PMF) is a funding intermediary and best practice resource center that possesses a superior understanding of small donor fundraising, membership recruitment and retention, and member benefit programs; specializes in risk management for investing in such programs; and executes a unique, compliant approach to generate both
501(c)(3) and 501(c)(4) revenue.
Banks and traditional capital sources are set up to support only the largest non-profits, and few non-profits are interested in the risks that accompany conventional loans. We believe that the fastest way to scale the most progressive non-profits is to provide grants to fund innovation and testing revenue generation techniques proven to work in other sectors. When tests succeed, we’ll share the results and how-tos with progressive non-profits and provide our unique, standardized debt and recoverable grant products to support progressives to go big.
The Progressive Multiplier Fund has created a Center of Excellence to ensure that the progressive community as a whole benefits from the experiments and lessons learned from the PMF’s investments. Through webinars, online portals, connecting experts with organizations, and a growing list of partnerships (including the Digital Mobilization Lab, the Analyst Institute, the Skoll Climate Innovation Lab, the Center for Innovation in Worker Organization (CIWO), and Accelerate Change), the Center of Excellence stays abreast of the latest innovations and shares its lessons learned with the progressive community.
The Test and Innovation Fund provides grants to non-profits interested in testing the replication of revenue generation programs that have worked in other organizations as well as entirely new revenue generation models. Grants range from $1,000 to $200,000, with a median grant size of $10,000. Organizations that succeed in their tests may qualify for funding by the Growth Fund.
The Growth Fund provides recoverable grants and loans to underserved non-profits to ramp up scalable revenue projects that the group has proven it can effectively manage. Investments in small donor programs require that the non-profit make a 2:1 return over five years. Investments in earned revenue programs require that the non-profit make a 20% net income per year.
Founder and President
For the past two decades, Jee has been a movement builder, resource mobilizer, and dot connector for social change. Prior to his leadership role at the Narrative Initiative, Jee led several initiatives on the Civic Engagement and Government team at the Ford Foundation. His work focused on increasing the political participation of under-represented constituencies and mobilizing the grassroots base for social change. Prior to Ford, Jee launched 18MillionRising.org, a national civic engagement project designed to build the political power of Asian Americans using social media and technology.
Jee has served as a program director at the Surdna Foundation, where he managed grant-making portfolios in youth engagement, post-Katrina New Orleans, and nonprofit infrastructure over his eight-year tenure. He also worked in New York as a racial justice and immigrant rights organizer and as a journalist, editing the 9/11 anthology Another World Is Possible and The Future 500, an analysis of youth activism in the United States.
Willem worked for 4 years with PricewaterhouseCoopers consulting to Financial Institutions in Japan and acted as a Managing Partner at PwC in New York and Tokyo. Willem was also a Member of the Management Committee and Partner of Corporate Strategy at Capco and a Senior Vice President at Bank of America.
Willem is a committed environmentalist. Until his retirement, Willem was the Chief Operating Officer of Greenpeace International. He came to Greenpeace after his career in finance, increasingly concerned about Climate Change and determined to make a difference for his children, grandchildren, and the planet. He is also a Board Member of a leading think tank in Germany working for German and EU- governments in socio/economic policy towards a cleaner environment and a personal coach to many senior professionals in environmental NGOs.
Economist and Entrepreneur
Sonal started her career as an international economist at the U.S. Department of Treasury where she was the director of the office covering sub-Saharan Africa, worked in Bosnia and Kosovo after the war, and served as the senior adviser to the Under Secretary at the Department of Treasury during the Asian financial crisis. She was vice president at Goldman, Sachs and Co. and developed and implemented its environmental strategy. She has also served as the Associate Director for Economic and National Security Policy at the Center for American Progress.
She served as Deputy Assistant to the President for President Obama and founded the White House Office of Social Innovation and Civic Participation. She served on President Obama’s transition board leading the Technology, Innovation and Government Reform group.
One of Sonal’s most proud accomplishments is working with her siblings to create a non-profit, Indicorps, to build a new generation of socially conscious global leaders. She serves on the board of the Case Foundation, Oxfam America, Non Profit Finance Fund, Urban Alliance, and The Century Foundation. She also serves as an adviser to the Democracy Fund.
In 2009, Jigar joined Richard Branson to be the first CEO of the Carbon War Room, a global non-profit commitment to supporting global entrepreneurs scale their climate solutions. Carbon War Room believes that entrepreneurial spirit solves many of the world’s seemingly intractable problems, and the problems of climate change will be no exception. Based on that experience, he authored Creating Climate Wealth: Unlocking the Impact Economy.
Shah believes that business model innovation will have an outsized impact on bringing about the next productivity revolution.
Since joining the Center for Community Change, Deepak has stewarded the organization’s pioneering work to support and grow the immigrant rights movement including the successful campaign to achieve major executive action. During his tenure, the organization has also helped its partner organizations strengthen their leadership and civic engagement capacity, and contributed to significant policy change in areas such as healthcare, retirement security, affordable housing, improved refundable tax credits for low-income families, and access to good family-sustaining jobs.
Deepak emigrated to the US from India as a child, grew up in the Bronx (go Yankees!) and currently resides in New York City with his partner Harry Hanbury.
Jennie was a founder and Managing Director of Craver, Mathews, Smith & Company, (CMS), the progressive fundraising and membership development agency in Washington, DC. For twenty years, Jennie guided CMS’s pioneering work in using direct response media to raise money to effect social and political change. In 1995, she became an independent consultant to do more work in the international non-profit community and works with an array of international and US non-profit organizations. She was recently the Managing Director of Development for Planned Parenthood Federation of American (PPFA)’s Development Division in New York. Jennie has been a consultant and advisor to PPFA for more than 30 years.
Jennie is Past-Chair of the Board of Directors of the Resource Alliance (1997-2000) and was re-elected to the Board in 2009. She has served as a volunteer Board member of the Association of Direct Response Fundraising Counsel (ADRFCo) in the United States, and a member of the Ethics Committee of the Association of Fundraising Professionals (AFP). Jennie has also served on the Board of Trustees of Action Aid International-US, a leading international development charity, based in Johannesburg, South Africa.
Co-founder of Citizen Engagement Lab (CEL)
He is also chairman and co-founder of ColorOfChange.org, the largest online advocacy community focused on the concerns of Black Americans. The organization was founded by Rucker and Van Jones in the wake of Hurricane Katrina, and helped to raise awareness for the cause of the Jena Six. Color of Change has more than 800,000 members and has helped launch many projects in that vein such as Presente.org (the largest Latino advocacy community in the country), the Secretary of State Project (an effort to elect progressive Secretaries of State), and Video the Vote (a citizen-journalism project that enables voters to monitor voter disenfranchisement).
James started his work in advocacy as the Director of Grassroots Mobilization for MoveOn.org, which followed a decade starting and supporting software startups.
Deborah has represented the presidents of three countries in establishing U.S. charitable organizations. In 1995, President Clinton appointed Deborah as the U.S. nominee to serve as a judge on the United Nations (UN) Administrative Tribunal. The General Assembly then elected her to the position and re-elected her in 1999 to serve a second term.
Deborah is passionately committed to assuring that small organizations have access to quality pro bono legal services. Annually, she advises numerous pro bono clients on tax and corporate matters.
Prior to law school, Deborah had several U.S. government positions, including in the Office for Civil Rights and the Office of Education (U.S. Department of Health, Education, and Welfare) and served as assistant director of the Women Studies Program at the University of Alabama.
President and Chief Executive Officer
Keith brings with him 25 years of experience working with the bank’s core constituencies in the labor movement, non-profit advocacy groups, progressive philanthropy, and political organizations. Keith joined Amalgamated in June of 2012 and directed the bank’s Washington Region and the bank’s operations.
Keith is a 25-year veteran of the labor movement, beginning his career as a researcher at the AFL-CIO where he gained experience assisting unions on hundreds of organizing, bargaining and political campaigns. In 2002, Keith went to work for UNITE, the bank’s majority shareholder, where he served in various capacities including Director of Corporate Affairs, President of one of the union’s locals and Executive Assistant to the International President. Following the formation of Worker’s United, Keith was named the new union’s first Chief of Staff.
Keith is a Fellow of the inaugural class of the Finance Leaders Fellowship Program and a member of the Aspen Global Leadership Network. He currently serves on the Board of Directors of The Roosevelt Institute, Democracy Alliance, Progressive Congress, Sidney Hillman Foundation, Capital and Main, The Workers Lab, Working America Education Fund, The Public Utility Law Project, Hot Bread Kitchen and the Remember the Triangle Fire Coalition. He serves on the Advisory Boards of Girls Who Invest and The Patriotic Millionaires, is a Trustee on the Consolidated Retirement Fund, and was recently named one of Washington Life Magazine’s “Power 100” top influencers.”
After joining the Fund in 2003, Linda designed and built the Flexible Leadership Awards (FLA) program, which provides funding and other support to help the senior leaders of the Fund’s grantees strengthen their leadership so their organizations can achieve stronger results. Since the launch of the program, Linda has overseen the expansion of the Haas Leadership Initiative as it pioneered a range of new approaches to leadership development in areas from coaching to executive transitions to fund development.
Prior to joining the Fund, Linda advised senior leaders on strategy, organizational performance and change management at Cap Gemini Ernst & Young. She began her career in Chicago, where she ran programs in youth development and the arts.
Linda is a graduate of the University of Illinois at Champaign-Urbana and holds a master’s in business administration from U.C. Berkeley’s Haas School of Business.
He was a member of the senior management teams that built and then sold two Washington, DC community banks to larger banking institutions. Albert served as Executive Vice President in charge of all commercial banking at D.C. National Bank until its sale to Sovran Bank. The management team then assumed control of Franklin National Bank in 1991 where he served as Executive Vice President in charge of all commercial banking. During that time, they raised over fifteen million dollars in capital and built it from forty million in assets to one billion prior to its sale to BB&T. Both institutions were community banks that exclusively served the local small business community, real estate developers, and non-profits, as well as high net worth investors. These banks also developed a specialty in banking and lending to political organizations and candidates for national office.
Albert previously served on the board of the Boys and Girls Clubs of Greater Washington as well as many other civic and charitable organizations. Until recently, he chaired the Advisory Board of Eagle Bank, the largest locally owned bank in the Washington Metropolitan Region. He currently serves on the boards of several closely-held firms.
The Progressive Multiplier Fund offers multiple types of grants and loans (of varying durations and structures) to help progressive organizations test and scale their best revenue generation programs. We recognize that our Partners need flexibility, transparency, and efficiency in their funding partner and our programs are designed to deliver those. We focus on funding scalable and repeatable revenue generation programs through a set of standardized funding products so that you can focus on generating revenue and achieving your mission.
The Chief Investment Officer of the Progressive Multiplier Fund provides strategic oversight for all funding and lending efforts, the operation of the fund’s center of excellence, and has day-to-day responsibility for the Fund’s operation. Click here for more....
A six month study demonstrated that a critical mass of progressive organizations are ready, willing, and able to launch fundraising innovation tests and to scale up, but need the financing to do so....
The Progressive Multiplier Fund
714 G St SE, Suite 200
Washington, DC 20003
Phone +1 855 868 5838