
Venture grants are time-limited grants for innovation. In
most cases, when a venture grant is awarded, no commitment
for continued support is made. Some United Ways use venture
grants primarily as an entry point to bring non-member agencies
in as affiliates. Others focus these grants on innovative projects
conducted by member agencies, and a number work towards both
objectives, involving member and non-member agencies. Venture
grants are funded from a small fund that is set aside from
the regular allocations fund.
Two types of venture grants have been used most frequently
by our United Way. One form of venture grants is seed
money grants. These are venture grants intended to provide short-term
support for start up, development, or stabilization of new
or untried agencies or programs. Their purpose is to promote
the improvement of human services through the addition of innovative
agencies or programs to the United Way system.
The other common form of venture grants is system-building
grants. These venture grants are intended to enhance the capacity
of existing agencies and service delivery systems. For example,
support for collaborative efforts among agencies or sectors
by fostering the improvement of programs and agencies that
are already a part of our United Way system.
Click here
for a Venture Grant form
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Why Venture Grants?
Our United Way has found the venture grant program to be an
effective allocations
strategy for several reasons:
1.) Venture grants improve our United Way’s flexibility
and ability to innovate. With a venture grant program our United
Way can experiment to meet emerging needs without necessarily
making a long-term commitment. Venture grants can also serve
as the Research and Development arm of the allocations function.
2.) A venture grant program provides an opportunity to involve
on a "test" basis new agencies, and thereby improve
our United Way’s "inclusiveness." A venture
grant might help a new agency strengthen its program so that
it can ultimately become a United Way agency.
3.) Venture grants frequently provide agencies with valuable "start
up" money needed to support an innovative effort. With
a small venture grant an agency can launch a new service initiative
and test it without having to decrease an existing service
that is important to the community.
4.) A venture grant program can help foster improved coordination.
Strategically designed grants can help agencies develop administrative
mechanisms and service delivery revisions that will increase
the coordination among them. These grants can be used to demonstrate
various approaches and evaluate their effectiveness, again
without having to reduce existing programs to finance them.
Our Venture Grant Program
I. Eligibility:
An agency/organization must meet the following criteria to
be eligible to submit a
venture grant application.
1. Agency/organization must be or be sponsored by an incorporated non-profit
human service agency with IRS Tax Exempt status.
2. Agency/organization must provide human services in the Northwest Georgia
area.
II. Funding Criteria:
The Venture Grant Committee will evaluate applications according to the
following criteria:
1. Potential for success if funded, as defined by the objectives of the project
itself, and as indicated by the capabilities of the agency/organization.
2. Potential for a positive impact upon identified service recipients, or community
population.
3. The relationship between the expected impact of the project and the amount
of funding requested through the Venture Grant Program.
4. The degree of duplication with other services/programs currently available
to the target population in the identified geographic area of service.
5. The innovative, creative, and/or non-traditional characteristics of the
project.
6. The ability of the agency or project to attract or develop funds to continue
the project after funding through the Venture Grant Program is terminated.
7. The relationship between the project and the need for the proposed services.
Three types of needs have been identified as appropriate venture grant funding:
a. Emerging needs – Needs previously unrecognized and/or unidentified;
no services currently available.
b. Community or neighborhood needs – Need is shared by residents
of a particular community or neighborhood; the need reflects a deficiency in
the community or neighborhood that can be addressed through one-time expenditures.
c. Unmet needs of special population groups – Needs not being met
by services currently available in the community.
8. The pilot or demonstration characteristics of the project, meaning that
venture grant funds cannot be used to continue projects or programs previously
operated and funded by other revenue sources
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