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CAPACITY BUILDING AND GROWTH CAPITAL
In 2003, CEO’s status as a “performance-based” organization — a service provider with the capacity to generate comprehensive program data on participant outcomes and to report on quarter-over-quarter results — helped to initiate a relationship with the Edna McConnell Clark Foundation (EMCF). A New York-based institution, EMCF seeks to support vulnerable and economically disadvantaged youth through “large, long-term investments, frequently partnering with other funders, and promote effec-
tive public and private support of nonprofits with a potential for growth and compelling evidence that they can help more young people become success- ful, productive adults.” The foundation provided CEO with flexible, up-front growth capital over a multi-year investment period in conjunction with support in business planning, evaluation, board and talent development and communications. This long-term and unrestricted funding allowed CEO to develop its strategy and then focus on executing a business plan, expanding the scope of its services and creating the capacity for generating exception- al and sustainable results. |