Twenty-three foundations, corporations and private individuals have joined the Edna McConnell Clark Foundation and the boards of Nurse-Family Partnership, Youth Villages and Citizen Schools to support the dramatic expansion of effective services that can transform the lives of low-income youth across the United States. Their commitments to EMCF’s Growth Capital Aggregation Pilot (GCAP) range from $3 to $15 million for institutional co-investors and $1 to $5 million for individuals. By June 25, 2008, EMCF and its grantees secured a collective commitment of $120 million, meeting the GCAP’s goal on schedule.

Nurse-Family Partnership

Bill & Melinda Gates Foundation

Robert Wood Johnson Foundation

W.K. Kellogg Foundation

The Kresge Foundation

The Picower Foundation*

The Robertson Foundation

NFP Board of Directors

Youth Villages

Bill & Melinda Gates Foundation

Day Foundation

FedEx Corporation

Jenesis Group

The Kresge Foundation

Strategic Grant Partners

The Robertson foundation

YV Board of Directors

Citizen Schools

ArcLight Capital

The Atlantic Philanthropies

Bank of America Charitable Foundation

Josh & Anita Bekenstein

John S. and James L Knight Foundation

Koogle Foundation, a donor advised fund at Silicon Valley Community Foundation

The Lovett-Woodsum Foundation

The Picower Foundation*

Samberg Family Foundation

Skoll Foundation

CS Board of Directors

Anonymous

EMCF plays a coordinating role among GCAP grantees and co-investors. Benefits for co-investors include:

• Taking advantage of EMCF's due diligence, initial fundraising, and investment management, while reducing grant-related transaction costs.
• Sharing EMCF's detailed performance reporting, investment updates and related learning.
• Strategically partnering with other funders to aggregate capital and achieve philanthropic goals.
• Extending philanthropic reach and organizational brand.
• Forging relationships with institutional and individual philanthropists funding effective programs for disadvantaged youth.

All co-investors have agreed to a joint set of terms and conditions for each investment. They have also adopted in common a performance-based approach to payout and meet quarterly to review grantee performance. One goal of this coordination is to ease the habitual reporting burden on grantees.

If the diligence of the grantees, the dedication of the co-investors, and economic and political conditions make the GCAP a success, by 2017 Nurse-Family Partnership will reach 100,000 mothers every year—nearly one-sixth of the nation’s young, low-income, first-time families. And over the next five years, Youth Villages and Citizen Schools will increase their capacity by more than 50 percent and achieve a scale that will enable them to influence federal and state education and social policy reform.

* In December 2008, following the arrest of Bernard Madoff on charges of securities fraud, the Picower Foundation, whose endowment Madoff managed, announced it was ceasing operations. Picower had pledged a $3 million investment in Nurse-Family Partnership, of which $1 million had been paid, and a $1.5 million investment in Citizen Schools, of which $500,000 had been paid.