Basic Needs Giving Partnership
The Basic Needs Giving Partnership was established in 2007 to address the root causes of poverty in northeast Wisconsin.
The Basic Needs Giving Partnership is a collaboration between the U.S. Venture Fund for Basic Needs, the J. J. Keller Foundation, Inc., Oshkosh Corporation, ThedaCare, The Rhoades Foundation, the Greater Green Bay Community Foundation, the Community Foundation for the Fox Valley Region and the Oshkosh Area Community Foundation. Donations support the U.S. Venture Fund for Basic Needs established at each Community Foundation.
In 2016, $3.6 million was raised and $2.4 million was granted regionally through this collaboration. All of the funds raised by the Greater Green Bay Community Foundation are granted to organizations working to address the root causes of poverty in the Green Bay community. In 2015, $692,000 in grants were distributed in the greater Green Bay community through the Basic Needs Giving Partnership.
The partnership provides substantial benefit to both donors and grantees through a very generous matching program. Here is how it works:
Gifts are Leveraged 5:1
- The U.S. Venture Corporation matches 50 cents on every dollar given to the cause, increasing donations by 50%!
- This endowment fund then distributes 10% every year (a typical endowment distributes 5%) to put the money to work in the community.
- The J.J. Keller Foundation and three other Lead Funding Partners match the granting dollars being distributed from the Fund up to $1.3 million.
- Example: A $5,000 gift to an endowment creates an annual distribution of $250, but with matches becomes $1,313 each year, and the principal remains intact for future grants - 5:1 leverage!
- More than 300 Giving Partners including major corporations, small and mid-size companies, private foundations, families and individuals support the partnership.
Supporting Collaborative Strategies
Grants amounting to more than $ 3.5 million have been awarded using a competitive grant-making process over the last eight years in Brown, Kewaunee and Oconto counties.
- Greater Green Bay Community Foundation grants supported 40 collaborative strategies addressing root causes of poverty involving 53 unique grantee organizations in the last three years.
- The Community Foundation assembles and convenes a community grants team that vets and recommends grant awards. The grant process begins in November, and final decisions for awards are made by June.
- The Community Foundation community grant teams follow up with grantees to monitor their progress.