Stand Together, a national venture philanthropy group and social change organization dedicated to disrupting the cycle of poverty, has announced that it made investments totaling $30.6 million during January, which was National Poverty Awareness Month.
Through a series of community-based portfolio investments, Stand Together committed a total of $20.6 million to twenty-eight organizations across the country, enabling some of its most effective partners to expand their work and empower beneficiaries to build self-sufficient lives free of persistent poverty. It also launched its Giving Together Initiative, which includes a $10 million match as part of a nationwide campaign aimed at encouraging people to make a difference.
The organization's Catalyst Network of more than a hundred and fifteen community-based organizations is working to disrupt the cycle of poverty in America, with a focus on six issue areas: Addiction and Mental Health; Financial Empowerment and Entrepreneurship; Housing and Homelessness; In-Prison, Reentry, and Second Chances; Workforce Development; and Youth and Education. All of Stand Together's investments are individually tailored, in partnership with each recipient organization, to a specific plan for growth.
"Our January commitments are just the beginning of our 2019 plans to connect and empower some of the most effective organizations in America that are helping people living in poverty to transform their lives and realize their true potential," said Stand Together executive director Evan Feinberg. "We are continuing to invest in our partners' success and growth while also inviting people across the country to make more of a difference in their own communities."