Social Venture Partners Philadelphia (SVP Philadelphia) has launched its 2022 Investment Cycle to support nonprofit organizations addressing intergenerational poverty in the city.
Having officially launched in Philadelphia last year, SVP aims to invest in, work alongside, learn from, and amplify community-driven poverty alleviation efforts. With support from the SVP network, nonprofit leaders addressing poverty will grow advocates and gain access to resources necessary to sustain lasting change.
In the 2022 Investment Cycle, SVP Philadelphia will provide $100,000 in unrestricted grant funding in up to three organizations over the next three years, totaling $300,000. Through its growing network of donors (called “SVP Partners”), organizations will also be provided with skills-based volunteers, who can offer their professional expertise, connections, and other forms of social capital.
To be eligible for the 2022 Investment Cycle, among other requirements, 501c3 nonprofit or fiscally sponsored organizations must self-identify as being led by and serving Black, Indigenous, and people of color (BIPOC), and employ a full-time Executive Director with a Board of Directors. Eligible organizations must have a geographic focus in the city of Philadelphia and a yearly operating budget of less than $2 million.
Applications are due March 25th. For more information, go here.
