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SteelTree Venture Philanthropy Fund:An Innovative Approach to
Self-directed FundingPresented by:
Scott Tobe, SteelTree Founder & ChairEmily Richman, SteelTree Lead Staff
THE CHALLENGE
WHAT MAKES STEELTREE INNOVATIVE?
PROGRAM DEVELOPMENT AND BEYOND…
GOALS• Engage the unengaged.
• Serve as entry point for future engagement.
• Educate SteelTree Board members about Federation’s work.
• Fund innovative ideas focused on Jewish Continuity.
Membership retentionGoal: 100% year 1 => year 2Actual: 80%
New Annual Campaign DonorsGoal: 10 over 2 years Actual: 8 (4 each year)
Funding GoalsGoal: Fund a minimum of 5 projects annually, 1 of which hasn’t received past Federation fundingActual (Y1): 10 total, 1 newActual (Y2): 4 total, 1 new (to date)
OUTCOMES – BY THE NUMBERSYear One• 15 members• 4 new donors• Member Donations:
– A2014 = $25,902 (pre-SteelTree)
– A2015 = $33,941 (year 1 as SteelTree member)
• Funded 10 projects for 9 different organizations
Year Two• 21 members (9 new members)• 4 new donors• New Member Donations:
– A2014 = $4,736 (pre-SteelTree)
– A2015 = $8,960 (year 1 as SteelTree member)
• Funded 4 projects for 4 different organizations, to date
TOTAL GIVING OF ALL MEMBERS (Past & Present)A2013 (Pre-SteelTree) = $25,463A2014 (Y1 SteelTree) = $32,239A2015 (Y2 SteelTree) = $44,551
