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US, Canada

Draper Richards Kaplan Foundation The Draper Richards Kaplan Foundation is a global venture philanthropy firm supporting early stage, high impact social enterprises. We believe that with early funding and rigorous support, exceptional social entrepreneurs, tackling some of society’s most complex problems, can make the world a better place.

Investment Fund

OVERVIEW

Description

The Draper Richards Kaplan Foundation is a global venture philanthropy firm supporting early stage, high impact social enterprises. We believe that with early funding and rigorous support, exceptional social entrepreneurs, tackling some of society’s most complex problems, can make the world a better place. We find, fund and support exceptional leaders with three years of unrestricted funding and partner with them to help them build their organizations to scale.

Our model is borrowed from our venture capital legacy. We seek entrepreneurs who exhibit characteristics of extraordinary leadership: vision, intelligence, empathy, ambition and follow-through. We deploy a rigorous, venture capital style due diligence process and fund our organizations with three-year unrestricted funding – something we believe is incredibly important. Early on, we recognized two things that drive our funding model: 1) unrestricted capital is the most precious capital that our portfolio companies need to build out their organizations and 2) multi-year funding, as opposed to a one-time grant, is a critical success factor in helping these great organizations achieve scale.

In addition to the capital, and almost more important to their success, we support our entrepreneurs for 3 years of rigorous on-going support. We take a board seat for three years, often serving as the first truly “outside” board member. We mentor and coach each entrepreneur and help them to build the capacity of their board and their teams.

Since we started in 2002, we have invested in more than 64 social entrepreneurs operating both domestically and internationally in a variety of issue areas. We plan to scale our organization to support an additional 100 social entrepreneurs in the next six yeas. Our entrepreneurs are making lasting change in the world and our portfolio reflects some of the most impactful new organizations in the social sector. Our results speak for themselves: we were one of the earliest funders of Kiva, Room to Read, GrassRoots Soccer, One Acre Fund, The Mission Continues, Food Corp and many others.

FUNDING TYPES AND CRITERIA

Provides direct investment

INVESTMENT RANGE:

$300,000 -

FUND SIZE:

$14,000,000

INTERESTED IN THESE SECTORS

Civic Participation; Education; Employment, Livelihood, Income Generation; Enterprise Development, SME; Environment, Climate Change; Health

social vs. financial return preference

  • 1: Social Return First

Types of entities

  • Hybrid

providing funding for these regions

  • US, Canada

funding types

  • Grants / Donations