Multi-funder investing in Re-Amp Network
At the invitation of the Garfield Foundation, Network Impact reviewed year-to-year financial data related to the foundation’s investment in RE-AMP - a network of more than 160 nonprofits and foundations across eight Midwest states working on climate change - with the aim of determining the degree to which the foundation’s initial investment had encouraged other funder’s participation.
Our analysis showed that, within a few years of its creation, annual contributions to RE-AMP from other grantmakers exceeded the Garfield Foundations’ investment by at least 50 percent. By 2007, other funders were covering 75 percent of RE-AMP’s total budget, reflecting an increasingly broad base of support. An important conclusion of this research was that even foundations with a modest corpus can leverage their charitable dollars many times over by engaging with other funders to invest in networks. Our blog post on this topic is featured in The Stanford Social Innovation Review .
Project engagement: 2015