ECMC Foundation’s program-related investment portfolio, Education Innovation Ventures (EIV), makes below-market-rate investments into nonprofit and for-profit ventures that seek to generate both social impact and financial returns.
Complementing ECMC Foundation’s strategic grantmaking, EIV uses a full spectrum of program-related investments—including debt and equity instruments—to improve educational outcomes and economic mobility among students from underserved backgrounds. These catalytic investments enable the Foundation to tap into the creative power of the nonprofit and for-profit sectors, unlock innovative ideas and build evidence-based practices.
Fund History and Objectives
ECMC Foundation began making program-related investments through EIV in January 2018. EIV provides flexible, risk capital to early-stage ventures and entrepreneurs working to increase educational outcomes and economic mobility among underserved learners. Our investments seed, develop and help new ventures and entrepreneurs prove market viability in order to attract additional financing, grow and scale their work. Financial returns are reinvested into new program-related investments, allowing us to recycle investment dollars and generate further positive impact on learners' lives.
The Foundation uses program-related investments, instead of grants, for mission-aligned for-profit and non-profit ventures that have a scalable earned revenue stream. If your team does not have a plan for earning revenue, please explore whether the College Success or Career Readiness portfolios are better aligned to your mission. If you are incorporating an earned revenue stream and your venture aligns to EIV’s criteria below, please reach out to us.
Education Innovation Venture’s Five-Point Model
EIV considers ventures that demonstrate a commitment to delivering intentional, sustained and measurable social impact, and align with the Foundation's mission of inspiring and facilitating improvements in education. We look for the following criteria in our investments: