Phillips Foundation is committed to driving positive systemic change through strategic partnerships leading to measurable improvements in the lives of vulnerable people. Following are case studies of a few of our grant and impact investing partnerships.
We provided a seed grant in the amount of $750,000 to United Way of Greater Greensboro to launch a pilot Family Success Center. During the two-year grant terms, this center aided 104 low-income families make progress towards breaking the cycle of inter-generational poverty. Included among the successes of program participants are: completion of GED certification, stable employment, improved financial literacy, preparation of children for success in kindergarten, establishment of savings accounts, and improved physical fitness.
Our two grants totaling 1.96M helped PEH launch its “Housing First Initiative,” which provided dozens of participants with stable housing and intensive support services, reduced the community costs associated with homelessness, and placed the community on track to eliminate chronic homelessness in 2018.
With a grant of approximately $860,000, our partnership expanded Youth Villages’ YVLifeSet program to provide every youth who ages out of the mental health, juvenile justice and foster care systems in Guilford County, North Carolina, the critical, customized supports to help them transition into successful adulthood.
Our first direct impact investment was provided to Akola Project, a nonprofit social business in Jinja, Uganda and Dallas, Texas. With the backing of our $500,000 mission-related investment (MRI), Akola doubled the number of women it empowers, expanded production capacity, and secured an additional round of growth capital to support continued scaling of impact and to repay our loan early and in full.