Hartford Foundation Program Boosts Nonprofits’ Earned Income Potential

Tuesday, July 9, 2024

In 2018, the Hartford Foundation for Public Giving launched the Social Enterprise Accelerator in partnership with No Margin, No Mission, a national consulting firm dedicated to helping nonprofits increase their entrepreneurial capacity, revenue, and mission impact. In late 2023, the Foundation announced a matching challenge for the third cohort of the program: 100 percent of every dollar of startup or growth capital raised by the nonprofits (up to $30,000 per organization) would be matched by the Foundation. The eight organizations raised approximately $317,000 prior to the June 8 deadline making them eligible for more than $233,000 in matching grants from the Foundation. Collectively, the 24 organizations have generated more than $10 million in revenue to date from their ventures.

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