ECMC Foundation
Programs
Program 1 [2020]
College Success. The Foundation supports three focus areas: College Success, Career Readiness and Education Innovation Ventures; and uses a spectrum of funding structures, including strategic grantmaking and program-related investments. In 2020, the Foundation made grants and investments to 443 organizations (including 182 new grantees). Since inception, the Foundation has provided funding in 48 states. The College Success focus area seeks to increase persistence and graduation rates of students who face systemic challenges in earning a bachelor's degree. These students include, but are not limited to, first-generation college students, students from low-income backgrounds and students of color. The program funds postsecondary programs and initiatives that improve and scale systemic reforms and supports to increase student success at postsecondary institutions; increase currently enrolled students' persistence toward a degree; support on-time transfer from two-year to four-year institutions; enhance students' pathways to graduation with career-ready skills; and evaluate new research findings and publications that promote student success outcomes.GeographiesNot indicatedDatesJan 1, 2020 – Dec 31, 2020Source990No causes providedNo populations provided–$15MProgram 2 [2020]
Career Readiness. The Foundation supports three focus areas: College Success, Career Readiness and Education Innovation Ventures; and uses a spectrum of funding structures, including strategic grantmaking and program-related investments. In 2020, the Foundation made grants and investments to 443 organizations (including 182 new grantees). Since inception, the Foundation has provided funding in 48 states. The Career Readiness focus area is committed to improving postsecondary career and technical education (CTE) outcomes for students from underserved backgrounds. Grants made as part of the Career Readiness focus area support institutions and organizations implementing, intermediaries supporting, and third parties researching, evaluating and disseminating innovative approaches and promising practices to improve postsecondary CTE. The program is rooted in the belief that learners who complete credit-bearing programs and earn academic credentials will experience improved economic stability and increased social mobility.GeographiesNot indicatedDatesJan 1, 2020 – Dec 31, 2020Source990No causes providedNo populations provided–$12.6MProgram 3 [2020]
Education Innovation Ventures. The Foundation supports three focus areas: College Success, Career Readiness and Education Innovation Ventures; and uses a spectrum of funding structures, including strategic grantmaking and program-related investments. In 2020, the Foundation made grants and investments to 443 organizations (including 182 new grantees). Since inception, the Foundation has provided funding in 48 states. ECMC Foundation's Education Innovation Ventures (EIV) program 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, the EIV program uses a full spectrum of program-related investments, including debt and equity instruments, to improve educational outcomes and economic mobility among traditionally underserved learners. Financial returns are reinvested into additional program-related investments, allowing ECMC Foundation to recycle investment dollars and generate further positive impact on learners' lives. Since its launch in 2018, EIV has invested $6.2 million across 19 ventures primarily solving for: college persistence and success, alternative postsecondary education financing, career exploration, upskilling and training, and equitable hiring.GeographiesNot indicatedDatesJan 1, 2020 – Dec 31, 2020Source990No causes providedNo populations provided–$75K
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