McCourt Global, a firm established by real estate developer and philanthropist Frank H. McCourt, has announced a $10 million investment in the Future Project , which works to help young people fulfill their dreams and change the world.
MG will serve as the Future Project's strategic partner and provide it with counsel, resources, and operational support. Established in 2011, TFP embeds "Dream Directors" recruited from local communities in neighborhood schools with the aim of encouraging students to pursue their passions and dreams, instill in them a belief that they can achieve what seems impossible, and teach them the skills they need to turn such dreams into reality. To that end, students, in partnership with their peers and volunteer coaches, design and implement a "future project" that prepares them to solve problems in an increasingly complex world.
Based in New York City, TFP has nearly seventy full-time employees and works with thousands of students in Detroit, the District of Columbia, New Haven, New York, Newark, and the San Francisco Bay Area.
"Given the daily challenges not-for-profits often experience simply keeping the lights on and making payroll, it is understandably difficult for them to operate strategically and drive rapid growth," said McCourt. "Today, the need for a new paradigm is far too acute to allow an organization like the Future Project to be held back by fundraising cycles. This investment and our ongoing partnership will enable the Future Project to take the long view — to operate strategically and to help bring about the significant changes our young people and our nation are hungry for. As importantly, we expect our investment will prompt others to join the Future Project’s growing team of investors and partners."