Invest in a new kind of philanthropy for greater impact.
Despite growing attention on nonprofit sustainability and some investment in capacity building by a relatively small group of institutional funders, significant efforts to innovate and scale revenue generation and share best practices remain an underfunded capacity building blind spot. Considering the reality that 78 percent of nonprofits applying for grants have no written or specific fundraising plan to sustain their programs after the grant periods end and about half of all U.S. nonprofits are operating with less than one month’s cash reserves, the time is now for an intentional and substantive response from philanthropy.
The Progressive Multiplier addresses this need directly in pioneering new ways to finance and support scalable revenue generation projects. By focusing on small dollar mass market revenue generation efforts, we help organizations strengthen and scale the front end of their fundraising pipeline with more sustainable dollars from individuals who support their missions. The staff comprises more than 50 years of collective revenue generation and fundraising experience. Our team possesses a superior understanding of small donor fundraising, membership recruitment and retention as well as member benefit programs and revenue-producing marketing techniques such as sponsored content, and it specializes in risk management for investing in such programs. Investments made in the Progressive Multiplier are well leveraged, generating on average a 5:1 return for grantee organizations.
Funders and donors are looking to maximize their giving imact.
Progressive Multiplier uses our knowledge to identify compelling projects and distribute grants for maximum capacity building impact, and supports organizations as they grow and scale.
Insights and knowledge about revenue generation best practices and innovations filter back to both our grantees and our funders.
These grants are for mature mass market revenue generation programs that are seeking to scale a proven successful tactic. Grants are for up to $120,000 for projects lasting twelve months or more. Each grantee organization receives fifteen to thirty hours of fundraising consulting time as part of their grant depending on the project’s complexity. These grants are paid back to the Progressive Multiplier out of the project proceeds so that they can be quickly regranted back to the movement.
These grants are for nascent mass market revenue generation programs that have a proven successful tactic to scale. Grants are usually $10,000 or less for projects lasting up to six months. Nonprofits may receive up to four consecutive Kickstart Grants, as a path toward Test Grant eligibility. Each grantee organization receives ten hours of fundraising consulting time as part of their grant.
The Progressive Multiplier is also able to provide market rate loans to finance certain aspects of revenue generation projects.
“One of our most critical challenges over the next three years is to build a dynamic, new progressive financial engine to fuel growth and development of sustainable revenue from millions of new contributors, fee-payers and customers to support progressive organizations for decades to come.”
Chairman/CEO
Amalgamated Bank
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COPYRIGHT 2020
COPYRIGHT 2020
