Venture: Springboard Collaborative
Investment: $3M grant
Portfolio: Scaling Capital
Investment date: September 2023
Region(s) served: United States
Core Impact Metric: Increases in educational outcomes, particularly literacy gains
Significant capital to fund a long-term growth strategy
Springboard Collaborative is closing the literacy gap by closing the gap between home and school. The organization is on a journey over the next three years to reach 80% financial sustainability and is fundraising for significant one-time investments as part of a larger $30M goal to move the organization off of national philanthropy and toward a more sustainable, regional philanthropy model.
Why Rippleworks Invested:
An unrestricted one-time grant at this point in time will propel them toward their larger fundraising goals, attract other funders, and grow into new districts and regions.