Social Venture Partners Arizona recently hosted their ‘$5 Million in Grantmaking’ Celebration at El Chorro in honor of SVP Arizona surpassing the milestone of direct funding to Valley nonprofits. The celebration party, sponsored by AZ-VC, gathered SVPAZ Partners, Investees, and guests to celebrate the collective impact of the
organization’s mission.
The Phoenix-based organization takes a venture capital approach to philanthropy by providing expertise and funding to emerging and growing local non-profits that are working to make children successful. In addition to their grantmaking milestone, SVPAZ is celebrating an additional $3.5 million in programming and education provided and $7.5 million in value provided in the form of Partner time and talent. The ripple effects of SVP’s involvement go even further. Grants and contributions from and through the “spinoff” entities and programs that SVPAZ launched or influenced stem far into the multi-millions.
“Reaching this collective $16 million+ in community investment over the past 24 years would not have been possible without the collaboration and generosity of SVP Arizona’s vast Partner network”, states Jacky Alling, SVPAZ board co-chair.
This celebration of impact also hosted the announcement of the Diane Walker Fellowship. In her remembrance remarks, former Executive Director and current Partner Terri Calderon shared, “She was a founding member of SVPAZ and held every leadership position we offered, culminating with being Board Chair. With all of these amazing qualities – she was one of the most humble people I knew.” Terri went on to share that, “Diane often expressed that she was an engineer and after being in the corporate world she just didn’t feel that her soul was truly being fed. However, once she camei nto contact and learned more about SVP she “found her purpose” with like minded people.”
The SVP Fellowship will be an opportunity for individuals who would not otherwise be able to make the required financial commitment to join the organization. The fund will provide 75% of year one, 50% of year two, and 25% of year three, with the individual being a full paying Partner by year four. The dedication was announced by SVPAZ CEO Amy Armstrong who added that “this Fellowship is an enduring fund that will support the next generation of young valley philanthropists for generations to come”.
Social Ventures Partners Arizona (SVPAZ) is an organization dedicated to an entrepreneurial approach to philanthropy. Established in 1999, SVPAZ has now contributed more than $5 million dollars and 37,000 hours consulting for more than 140 nonprofits in our community. SVPAZ offers partners an innovative way to give of their time and talents, as well as donate funds to non-profit organizations focusing on children and education. The Partners who join SVPAZ operate like venture capitalists, providing infrastructure-building skills and resources to promising non-profit organizations.
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