Venture: Springboard Collaborative

Investment: $3M grant

Portfolio: Scaling Capital

Investment date: September 2023

Region(s) served: United States

Sector: Education

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.