Multi-city venture philanthropy org GreenLight Fund is expanding to Baltimore with the backing of more than 80 local investors, including Fearless and The Abell Foundation.
The fund’s poverty alleviation-minded investment model centers on bringing proven national nonprofits into new communities. Organizations that GreenLight invests in have third-party validated outcomes and impact, and have a replicable revenue model. In Philadelphia, for example, that manifested in $4.2 million for five nonprofits focused on education, workforce development and families over the past several years.
“Social innovations addressing seemingly intractable problems exist across the country,” said GreenLight Fund cofounder and board chair John Simon in a statement. “The GreenLight model matches those with communities that need them, helping children and families thrive.”
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