Nancy Roob, President of EMCF announced annual report for the Fiscal Year 2013. Amidst of various challenges related to changes in economy and transitions in authority, EMCF’s grantees exhibited wonderful performance. Presently EMCF has been investing in eighteen organizations. Each of these organizations reported a considerable increase in the number of youth served by them and the revenues by 9%. Besides this, three new grantees were also added to their portfolio.
In 2013, EMCF organized an open, national level competition to choose the best 3 to 5 youth-focused no for profit organizations for Social Innovation Fund (SIF) awards. Organizations from all parts of the world showed interest and 191 applications were submitted. EMCF made investments in three organizations: PACE Center for Girls, Youth Guidance and WINGS for kids. PACE and Youth Guidance made wonderful contribution in the lives of youth who were at risk of entering the juvenile justice system. On the other hand WINGS offered a social and emotional learning course in educational institutions and is spreading the knowledge to rural areas of South Carolina.
EMCF continued extend a helping hand to support their grantees. To accomplish this they have aggregated growth capital individually. A large amount of gains were noticed by these organizations in this year. Youth Villages raised forty five million dollar from seven foundations in a 2nd round of growth capital aggregation and received a 4-year commitment from the state of Tennessee to promote the Transitional Living program. This programs aims at helping every foster child turning 18 of age and moving out of state custody.
This year, Grantees witnessed lots of challenges in the form of change in transition in top authorities. To continue to bring the new leaders at top positions, continue to deliver outstanding results for youth, and perform remarkable job in the years to come. More than one third of its portfolio has undergone major replacements in top positions. For example: Center for Employment Opportunities’ Sam Schaeffer was appointed for the position of Executive Director. He replaced Mindy Tarlow, Ex Executive Director.
It was hard to maintain high performance while facing hardships. Their firm belief and determination continually motivated their grantees to take up roles that would strengthen leadership. Some of the roles undertaken by them were executive coaching, recruiting and retaining talent, and succession planning. Nancy Roob is quite confident that grantees will manage leadership transitions successfully. By this she ends the report and assurance to keep updating about their progress reports to the readers on regular basis.
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