Funder collaborative Blue Meridian Partners has announced that the Sergey Brin Family Foundation and David Tepper Charitable Foundation have joined in its effort to improve outcomes for economically disadvantaged children and youth.
Launched in January 2016 by the Edna McConnell Clark Foundation with commitments totaling $750 million, including at least $50 million each over five years from five general partners — the Ballmer Group, Stanley and Fiona Druckenmiller, the Duke Endowment (with a focus on North and South Carolina), the George Kaiser Family Foundation (with a focus on Tulsa, Oklahoma), and the Samberg Family Foundation — the collaborative seeks to change the existing dynamic in the nonprofit sector that sees funders often pulling their support from organizations as soon as they achieve a measure of success. With four limited partners — the Hewlett, JPB, Packard, and Charles and Lynn Schusterman Family foundations — pledging at least $10 million each, and the foundations of Google co-founder Brin and hedge fund billionaire Tepper listed as general partners, the collaborative now has secured commitments of at least $850 million in support of a range of initiatives, including early childhood development and learning, K-12 education, and the child welfare and juvenile/criminal justice systems.
The brainchild of EMCF president Nancy Roob, the collaborative plans to make unrestricted investments of up to $200 million over five to ten years to scale the efforts of nonprofits whose programs have proven to be effective. To date, the collaborative has awarded grants to the Nurse-Family Partnership, which works to break the cycle of intergenerational poverty; HealthySteps, a program of ZERO TO THREE, which helps parents foster their children's social, emotional, cognitive, and behavioral development; Youth Villages, which works with troubled youth, many of whom have been involved with the child welfare and juvenile justice systems; Wendy's Wonderful Kids, a program of the Dave Thomas Foundation for Adoption; and Upstream USA, which provides training and technical assistance to help health centers offer same-day access to the full range of contraception.
"Blue Meridian is incredibly unique in its ability to identify, strengthen, and scale the best regional organizations focused on improving the lives of at-risk children into nationwide models," Tepper told Forbes. "I love their disciplined investment style, and if this were a stock investment, I’d be all in because Blue Meridian is poised to make a tremendous impact on the lives of so many."