Deadline- May 31, 2013
Proposals are invited for second round of the Innovation Fund which provide venture philanthropy capital for the implementation of revenue generating or enhancing innovations or opportunities by nonprofits engaged in the five critical areas of AFGG emphasis—poverty, health, education, environment and world relation–so as to enable them to be more self-reliant.
Eligibility & Criteria-
- 501(c)3 organization in the United States (including so called “friends of” and US fiscal agents for non-U.S. NGOs)
- engaged in areas of health, education, environment, poverty and/or world relations outside the United States
- can demonstrate in quantitative terms the concrete impact it has made in addressing the problems it targets
- can demonstrate organizational stability using information that might include but is not limited to: a) years of operation; b) relatively stable revenue; c) testimonial(s), e.g., from recurring donor(s); and/or d) cumulative impact
- has had total revenue over the past five years that-
- averaged below $20,000,000, and above $5,000,000 per year, and
- derived in a significant part from at least one type of traditional funding (e.g., charitable giving, government support, investment income)
- has quality systems of governance and financial accountability
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