The Dallas Foundation is joining Jenesis Group, RevJen Group, Rainwater Charitable Foundation, Lyda Hill Philanthropies, and other organizations to form the North Texas Funders Initiative to invest money and resources in local nonprofits.
According to an April 21 announcement from RevJen Group, the partnership will last three years. During this time, North Texas Funders Initiative will work with more than three hundred nonprofit community leaders on revenue capacity building and leadership development.
The President and CEO of The Dallas Foundation, Matthew Randazzo, stated this partnership will benefit the entire network of nonprofits in North Texas.
“We are thrilled to partner with RevJen Group to provide North Texas nonprofit leaders with this leading-edge opportunity. Strengthening North Texas’ nonprofit ecosystem benefits North Texans and ensures the organizations on which so many rely are poised to meet the needs of tomorrow,” Randazzo said.
According to RevJen Group, the North Texas Funders Initiative was created to decrease nonprofit leader burnout and financial instability. Over three years, the program aims to help nonprofits improve leadership sustainability and increase revenue.
Brian Joseph, the CEO and co-founder of RevJen Group, said the initiative will be able to address outdated beliefs and practices in the nonprofit sector.
“We are thrilled to kick off [the North Texas Funders] initiative, which will address long-standing sector challenges that have adversely impacted the efficacy of nonprofit leaders for too long. We look forward to serving these North Texas changemakers who wake up every day dedicated to making our community stronger through their programmatic impact,” Joseph said in the group’s announcement. “I am convinced that we can demonstrate to the rest of the country that investment in these types of partnerships delivers an outstanding ROI for nonprofit leaders, their organizations, and the impact they strive for.”
Nonprofit leaders will have access to peer groups and revenue-capacity-building workshops.
According to Dallas Innovates, nonprofit leaders will receive scholarships to attend the workshops. The R-Squared Peer Groups program, supported by the RevJen Group, will start in June. During the third quarter, the Fuel Series Workshops will begin.
The R-Squared Peer Groups will provide space and time for nonprofit leaders to process the most significant challenges and opportunities they are currently facing. According to RevJen, these workshops will be facilitated by professionals and kept confidential.
The Fuel Series Workshops will focus on leadership teams and provide them with opportunities to develop revenue-building strategies. The workshops will also look at the cause behind current revenue problems and work to address them.
The scholarships are each worth about $10,500, Dallas Innovates reported.
“As part of the North Texas Funders Initiative, Lyda Hill Philanthropies will be offering scholarships for both RevJen programs to all eligible and interested nonprofit tenants of Water Cooler at Pegasus Park, a social-impact hub within the Pegasus Park development in Dallas,” the RevJen announcement states.
The North Texas Funders Initiative was made possible through grants from the Jenesis Group and The Dallas Foundation. During each year of the partnership, Jenesis Group will award a $150,000 cornerstone challenge grant. The Dallas Foundation will award a one-time Community Impact grant of $50,000.
