Some of you know that Leanna and I are Founding Investors in the Legacy Collective. When we first heard about it, we jumped on board quickly, and not just because becoming an Investor included an invite to Austin to rub shoulders with the Hatmakers (who are just as awesome in real life, to include their extended family). We firmly believed in the things that Legacy Collective wanted to accomplish. Even when I lost my job and our income took a HUGE hit, we made it a priority to keep investing in the Legacy Collective and if you'll humor me, I'd like to tell you why.
A lot of different organizations have a need and then work to find the funding. The Legacy Collective is a group of people who are pooling their money together and then finding something to fund. There are several things that we focus on when choosing what to fund. An organization that we choose to partner with should be tackling a systemic issue. For instance, there are millions of orphans in Ethiopia. The problem is that a great majority of those orphans actually have parents who love them and want to care for them but can't afford to take care of their basic needs, like food and shelter. So instead of funding the orphanages, we work with the organizations who are finding those families who are on the verge of having to give up their kids, and working with them to find ways to continue to parent their children.That might look like education, economic development, or healthcare. Consider it "Orphan Prevention". We do our best to ensure that we are working with organizations who are getting to the root of the issue.
Another requirement is that the projects that we are funding are sustainable. It won't do us any good to help an organization build a school if they don't have the funding coming in to keep the school running. We will have just funded an empty building. So we make sure that the organizations that we fund have a proven track record of sustainable funding. We also ensure that they have strong local leadership who is working in partnership with the local governments.
The Legacy Collective mission statement sums it up nicely. The Legacy Collective works to engage systemic problems related to social issues by resourcing what we believe to be the most innovative efforts and funding the most critical projects. Having been part of the Legacy Collective from day one, I can tell you that I cry tears of joy every time one of our partner organizations shares with us how our contributions have made a tangible difference in the lives of so many people.
If you have made it this far, thank you for reading about the Legacy Collective. Now, I want to tell you one of my favorite parts. All of the projects that we fund are nominated by Partners and Investors in the collective. Everyone gets to discuss the funded projects. Each submission is carefully vetted to ensure that they meet our criteria and then the Investors collectively vote on which one to approve. It is a group effort. It is not one figurehead making all of the decisions.
The Legacy Collective launched into the world in August of 2015. From then until December of 2016, we have been able to grant $782,342.30 to very worth organizations . You can see the details of our partner grants by clicking here. I am so proud to be a member of the Legacy Collective. I think what I love most is that none of what he have accomplished happened because some wealthy person gave us a huge check. We have been able to accomplish it by each person deciding to commit to whatever level they could afford. There are three giving levels, $10 per month, $50 per month, and $250 per month. You can find out about each level by clicking here. That page will also show you how the funds are used.
It is no secret that the more people we can get on board with us, the larger our impact will be. Would you consider joining us? If you have any questions about the types of projects we've funded or what it is like to be part of the Collective, I would love to talk to you about it. If you know of an amazing organization that fits our criteria and would like to talk to me about a project we might be able to help with, I'd love to hear from you. If you join, please let me know that too!!
What a great organization! I had no idea that Legacy Collective existed.
ReplyDeleteI love Legacy Collective! It's so nice to hear about it from the perspective of an investor!
ReplyDeleteI’ve loved hearing about the Legacy Collective online via the Hatmakers. Thanks for sharing some details here. I am definitely in once I get that awesome job I’m looking for.
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