April 3, 2015
Grantee Spotlight: Beyond 12
In SV2's annual All Partner Survey, SV2 Partners shared how much they appreciate learning about the stellar work of SV2's Grantees as well as how SV2’s financial contributions and skilled advising have propelled Grantees' work. We’ll continue to take a closer look at these topics in this series of eNews features.
About Beyond 12: Since 2009, Beyond 12 has been hard at work coaching low-income college students and supporting them in achieving success in college. Through a knowledgeable, well-trained coaches and an innovative online alumni tracking system, Beyond 12 is working to close the college graduation gap between low-income and first-generation college students and their more affluent peers.
2014 was a big year: Last May, Beyond 12 was named a top 10 finalist in Google’s Bay Area Impact Challenge (see their video here), which entailed a $250k grant, technical support from Google, and one year of accelerator support through Impact Hub SF. In addition, Fast Company named Beyond 12 one of the world’s top 10 most innovative companies in education, recognizing its innovative approach to tracking student progress and outcomes across high school and college.
Impact: Beyond 12 currently reaches nearly 2,000 students with their coaching program , a 33% increase since they began working with SV2 in 2012. In the same time period, the number of alumni tracked using their online tool has more than doubled to over 26,000.
Beyond 12 & SV2: SV2’s grant dollars have enabled Beyond 12 to hire a Development Director and develop a long-term revenue strategy to further support their national expansion. “The support SV2 has provided has been invaluable," says Beyond 12 Founder & CEO Alex Bernadotte.
"Beyond the financial capital...the human capital they have invested has been phenomenal. We have had the opportunity to work directly with talented and dedicated SV2 partners who have rolled up their sleeves and generously given their time to help us address some mission critical challenges.”
Alex speaks especially highly of SV2 Lead Partner Denise Geschke. In Alex's words, Denise "has gone above and beyond to provide us with whatever support we need to ensure our success and impact." For example, Denise worked with Alex to launch Beyond 12’s coaching program and expand its fundraising efforts. SV2 Partners also participated in group advising related to scaling Beyond 12’s coaching model and helped connect Beyond 12 to tax and legal services.
What’s next? With the structure in place to support the widespread implementation of their innovative tools, Beyond 12 is poised to scale its impact significantly. The organization aims to increase the number of students it coaches five-fold from 2,000 to 10,000 by 2018. Find out more about how you can help them achieve their outstanding goals here.
Success stories from the field
by Karl Matzke, SV2 Partner
What if you could make a one-time investment to generate self-sustaining social impact? And what if you could even get all or more than your original investment back so that you could put that money to work investing in another social enterprise?
On February 24th, dozens of SV2 Partners gathered at the Sobrato Center for Nonprofits in Redwood Shores for a panel discussion that brought together four leading organizations from the rapidly-evolving impact investment arena to share their experiences. Each company measures its own “dual bottom line” of social impact and financial return. Each company also benefited from early philanthropic capital before taking on market rate capital to significantly scale its operations – and its impact. The panel included:
The lively conversation ranged from B-Corps to exits, and from dividends to IPOs. With a focus on funding approaches, panelists underscored the differences and similarities between for-profit, mission-driven companies and nonprofit organizations.
If you weren’t able to attend the session in person, enjoy the video of this rare convening of veteran for-profit social entrepreneurs, skillfully moderated by Omidyar Network’s Lauren Booker who is at the forefront of the impact investing movement.