Wednesday, February 24, 2010

Helping Nonprofits Raise Money Like Goldman Does

Kudos to Chuck Harris and the great work he's doing post-Goldman at SeaChange Capital:

In two test cases of what would become SeaChange's model, Harris helped raise tens of millions for College Summit, which tries to improve enrollment rates, and Teach for America, which recruits college grads to teach in public schools.

With those two pilots completed, SeaChange—which got funding from Goldman, the Gates and Hewlett foundations, and others—set out to create a network of donors willing to make multiyear, six-figure commitments. At the same time, SeaChange started scouting for education-focused organizations on the point of expansion.

The first two nonprofits that SeaChange is working with, out of more than 100 it considered, are Uncommon Schools, which runs charter schools in Brooklyn, N.Y., and Newark, N.J., and New Teacher Center, which trains educators to work in inner-city schools.


Helping Nonprofits Raise Money Like Goldman Does

Retired Goldman Sachs banker Chuck Harris is bringing Wall Street capital-raising methods to the nonprofit world

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