Home › Forums › Social Enterprise/Entrepreneurship and Innovative Approaches to Social Change › The Draper Richards Kaplan Foundation is a global venture philanthropy firm supporting early stage, high impact social enterprises
September 16, 2017 at 6:05 am #129641
Craig ZelizerKeymasterThe Draper Richards Kaplan Foundation is a global venture philanthropy firm supporting early stage, high impact social enterprises. We believe that with early funding and rigorous support, exceptional leaders, tackling some of society’s most complex problems, can make the world a better place.
Borrowed from our venture capital legacy, we find, fund and support exceptional leaders with innovative and highly impactful ideas that have the potential to scale. We provide $300,000 of unrestricted capital over three years and, most importantly, we provide rigorous, ongoing support by joining the board of directors and partnering with the leader to help build capacity in the organization and scale their impact. Learn more about Our Model.
We invest in early stage organizations and are often their first institutional investor, as well as their first “outside” board member. We invest in a wide variety of sectors: our current portfolio includes organizations working both domestically and internationally, helping to provide critical access to healthcare, education, food security, social justice, water and sanitation, transparency and accountability, and shelter.
Since we started in 2002 we have invested in 118 social entrepreneurs, representing some of the most exciting new initiatives in the social sector. With the support of 50 donor partners we have now launched our third fund: $65 million dedicated to supporting the next generation of 100 social entrepreneurs who will change the world.
Find, fund and support exceptional leaders with passion, tenacity and vision.
Borrowing from our venture capital legacy, we have created a simple yet unique model for working with social entrepreneurs: we find, fund and support leaders with exceptional promise and impactful ideas that have the potential to scale. Over the past fifteen years, we have seen our portfolio organizations materially impact the lives of millions.
Through exhaustive due diligence on hundreds of potential portfolio opportunities, including working in close contact with networks and institutions across the public, private and non-profit sectors, a select group of exceptional leaders and organizations become part of our portfolio.
Two beliefs drive our funding model: 1) unrestricted capital is the most precious capital that social entrepreneurs need to build their organizations; and 2) multi-year funding, as opposed to a one-time grant, is a critical success factor in helping great organizations achieve scale.
Just giving early stage organizations money and checking in periodically isn’t enough. Our approach is different. We partner with the leaders of our portfolio organizations and provide rigorous, ongoing support, including taking a board seat for three years. We work day and night with our entrepreneurs, opening our networks, facilitating meetings, convening critical resources and working side by side with each leader to help them reach their full potential and build their organization to scale.
The Draper Richards Kaplan Foundation seeks to dramatically improve the lives of people and the world around us through innovative strategies, systems changing approaches, and disrupting technologies. Our goal is to find social entrepreneurs with dynamic ideas and nurture them at the early stages with maximum leverage and total commitment.
Prospects for our portfolio of social enterprises come from a vast field of compelling ideas and dedicated leaders. We concentrate our selection on the capabilities of the founder, the scalability of the model, and the potential impact of the organization on the world.
We have an open application process and accept applications year round. We invite you to learn more about what we fund, our selection process, and to share your idea with us through our online application.
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