SVP announces grants, Arizona group
Social Venture Partners, the Seattle-based foundation created by Paul Brainerd, has announced new grants to three local children's nonprofit groups.
At the same time, Arizona philanthropists are organizing a Social Venture Partners group in that state, the Arizona Republic newspaper reports.
This round of grants totals $137,00:
- $52,000 to Medina Children's Services to expand services for teen parents attending Seattle Vocational Institute
- $44,000 to Washington Literacy for its Day Care Link Program, to triple the number of young children receiving one-on-one reading help
- $41,000 to Behavioral Sciences Institute for its Parents and Children Together prevention and intervention service program for low-income, at-risk South King County youth.
Social Venture Partners was founded in 1997 to promote "venture philanthropy," requiring members to give time and money to local educational and youth-oriented service organizations.
Each partner agrees to donate at least $5,000 annually for two years. The Seattle group has 140 partners and expects to donate $1 million this year.
The Arizona chapter is still being organized. An existing chapter already is operating in Austin, Texas.
Brainerd, who launched the Aldus Corp. software firm, also is founder of the Brainerd Foundation.
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