Five nonprofits in the Sarasota, Fla. area have received matching contributions from the Patterson Foundation totaling more than $190,000 to cover startup costs for their “earned-income plans,” which will generate revenue and build entrepreneurial capacity so the organizations can better serve their communities.
The nonprofits worked with Margin & Mission Ignition, a Patterson Foundation initiative, to develop their earned-income strategies, according to the Herald-Tribune. Each organization also receives earned-income guidance from No Margin, No Mission, a social enterprise and national consulting firm hired by the Patterson Foundation. The organizations and their revenue-generating ventures include:
Big Cat Habitat and Gulf Coast Sanctuary: A large animal rescue center and sanctuary in Sarasota County (pictured above), BCHGCS will launch a venue rental business for corporate parties, weddings, family gatherings and events, giving guests a chance to see rare and exotic species of animals.
Beyond the Spectrum: This Sarasota school serves children with Autism Spectrum Disorder and related diagnoses. It will launch a new Applied Behavioral Analysis Therapy Clinic to provide therapy services to autistic children and their families.
The Charlotte County Art Guild’s Visual Art Center: The center will launch an art and supply store for students, members and visitors.
The Manatee County Habitat for Humanity: Funds will be used to expand the organization’s thrift store, ReStore, which offers gently used home furnishings and home improvement items at an affordable price.
UnidosNow: This organization serves Sarasota’s growing Hispanic/Latino community through education, integration and civic engagement. It will launch an Affordable College Prep and Career Readiness Services venture that goes beyond the traditional services offered by local guidance counselors and independent college advisors.
“Margin & Mission Ignition has served as a catalyst for nonprofits developing alternate revenue streams for greater thrivability,” Debra Jacobs, president and CEO of the Patterson Foundation, told the Herald Tribune. “With this match, the Patterson Foundation affirmed their business planning while sparking investor interest to propel them forward and turn these mission-aligned aspirations into reality.”
Headquartered in Sarasota, the Patterson Foundation “strengthens the efforts of people, organizations and communities by focusing on issues that address mutual aspirations, foster wide participation and encourage learning and sharing. The foundation’s Margin & Mission Ignition initiative takes qualified nonprofits through a 30-month rigorous business-planning, implementation and coaching process to help them develop better financial models and revenue streams.