Youth, I.N.C. Celebrates 20 Years of Improving Nonprofits Serving New York Kids
Nonprofits May Grow Revenue by 48 percent and Increase Youth Served by 19 percent over Course of Partnership with Youth, I.N.C.
NEW YORK, Nov. 17, 2014 /PRNewswire-USNewswire/ -- Youth, I.N.C. (Improving Nonprofits for Children) is celebrating 20 years of transforming the way nonprofits do business at the Celebration Gala to benefit New York Kids, held at the Waldorf Astoria Hotel in New York. The Celebration Gala is both a fundraising event and the culmination of the Celebration Program—a year-long fundraising training program providing youth-serving organizations with the knowledge, skills, and tools to engage new supporters, raise more funds, and deliver more opportunities to youth.
Over the course of their partnership with Youth, I.N.C., nonprofits serving New York kids, who have been in the Youth, I.N.C. network for 3-5 years, on average grow revenues by 48 percent, increase the number of youth served by 19 percent, and expand their average Board size by five percent.
"For twenty years, we at Youth, I.N.C. have believed in the power of one simple idea – that venture philanthropy is a vehicle for social change," said Steve Orr, Executive Director and Founder of Youth, I.N.C. "By investing in grassroots nonprofit organizations with the greatest potential, we are scaling success and delivering opportunities for those most in need."
Since 1994, Youth, I.N.C. has raised over $50 million for 120 New York City youth-serving nonprofits and has impacted the lives of over 600,000 youth in all five boroughs. In the past 20 years, Youth, I.N.C. has awarded 42 capacity building BridgeFund grants totalling over $2 million. In 2014 alone, the nonprofits Youth, I.N.C. works with have served 140,000 kids. Youth, I.N.C. currently works with 55 nonprofit partners that are critical agents for social and economic change in New York City. Youth, I.N.C.'s partner network is grassroots, youth-serving, diversified, and well-vetted. Partnerships with organizations in the Youth, I.N.C. network typically last 3-5 years.
"While the strides we made in twenty years are impressive, the unmet need is still significant," comments Youth, I.N.C. Board Chair Rick Schifter, TPG. "One in three children in New York City lives in poverty, and 70 percent of nonprofits serving these children have inadequate resources. Thanks to the generosity of our supporters and volunteers, we are optimistic that the next twenty years will be even more impactful in meeting this growing need."
The Celebration Gala will gather more than 1,100 supporters, many of whom are leaders in the financial industry, feature a cocktail reception showcasing Youth I.N.C.'s partner organizations, and a private dinner honoring John E. Waldron, Global Head of Investment Banking Services and Client Coverage, Goldman, Sachs & Co. The private dinner will also feature a conversation with 2013 Youth, I.N.C. honoree, Alexander Navab, KKR & Co., L.P.
About Youth, I.N.C.:
Since 1994, Youth, I.N.C. has invested in and transformed over 120 youth-serving nonprofit partners working to break the cycle of poverty and help kids in need. After 20 years, Youth, I.N.C. continues to transform the way nonprofits do business – raising $50 million for New York City nonprofits and impacting the lives of over 600,000 youth by harnessing the power of venture philanthropy to empower, develop, and educate youth-serving grassroots organizations. To learn more about Youth, I.N.C. visit: www.youthinc-usa.org.
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SOURCE Youth, I.N.C.
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