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Revision as of 03:40, 9 April 2014
Overview
Founded in 2011, Big Bang Philanthropy came into being when several people realized they had become a de-facto co-founder group. They were funding a lot of the same poverty-fighting organizations, had similar philosophies, and liked each other’s company. Each of them had other funders in mind who they thought might be a good fit and it seemed like a little structure might help facilitate a deeper level of collaboration. Today Big Bang Philanthropy represents more than $60 million focused each year on international poverty.
Purpose
The mission of Big Bang Philanthropy is to drive more money into high performing, great organizations fighting poverty. This is done by sharing leads, ideas and networks with each other on organizations having a real impact in fighting poverty. This is achieved through six key factors that each funder foundation in the group has in common:
- A focus on the basic needs of the poor
- A commitment to funding for real impact
- Recognition of the need for scalable solutions and business-like organizations to deliver them
- A desire to work actively with others in the group
- At least $1 million devoted to funding poverty solutions annually
- Three or more organizations funded in common with others in the group, with at least $100,000 invested in each
Distinct Differences from Other Offerings
Big Bang Philanthropy is a group of several funder organizations that operate autonomously. They do not pool their resources together as that would lead to bureaucracy. Instead, when someone finds a promising company that is fighting poverty that they believe will or is having a real impact, they champion this cause to the others within the group. The other funder foundations that believe in the company as well drive money into the company on their own terms. This creates a win-win situation as the organization receives more funding than they would have if the funder organizations were not communicating with each other and the funders win because they’re able to find out about great organizations that perhaps they would not have found on their own.
Impact Achieved for Students and Campus
Big Bang Philanthropy is composed of twelve funding foundations. Each of these organizations have their own criteria for selecting organizations to fund, the amount of resources they’ll fund and how they interact with the population at large including students.
Steps Required To Bring Resource To Campus
The best way to bring Big Bang Philanthropy to your campus is to investigate the twelve funding foundations involved and apply to those most relevant to your cause. If that company believes in your cause enough and thinks it will have real impact, they just may put you on the radar of their peers within Big Bang Philanthropy so that you can receive further funding.
If you’re looking to join the Big Bang Philanthropy group, below are the criteria.
1. Join the Big Bang Philanthropy group if you:
- Devote $1million or more per year to international poverty
- Buy into our common approach
- Share at least 3 investments in Big Bang organizations (or are ready to commit to doing so)
- Want to actively collaborate with like-minded funders
- Are willing to be publicly associated with Big Bang
Please get in touch with one of our members. You don’t have to change anything about how you currently fund organizations. You just have to be ready to commit a significant share of your resources to a common set of principles and organizations.
2. Make a big donation to a Big Bang organization. If you are considering support of $50,000 or more and want to discuss it with a Big Bang member, please let us know. If we can arrange a useful conversation for you, we will do so.
3. Fund for impact. Follow Big Bang. At present, we have only a website. As we evolve and grow, we will develop other ways to provide useful information to our colleagues in the social sector. Please be aware that we do not accept funding proposals; each member funds an organization based on their own independent mandate.
Contact Information
David Weekley Foundation
