The David and Lucile Packard Foundation is joining the Blue Meridian Partners, a collaborative-funding model with a goal of investing at least $1 billion in high-performance nonprofits that are poised to have truly national impact for economically disadvantaged children and youth.
Blue Meridian’s investments will be big bets. They will be flexible, unrestricted, long-term (5-10 years), tied to performance, and total up to $100 to $200 million for each grantee. The collaboration will not accept unsolicited proposal, but will seek promising investments based on performance criteria. The investments will help grantees to expand their impact directly, by allowing them to strengthen their work, grow and serve greater numbers of youth, as well as indirectly, by helping them increase their influence on the child welfare, educational, judicial, and other systems that affect children’s lives.
Blue Meridian Partners will be incubated at the Edna McConnell Clark Foundation and includes six general partners, who have committed $50 million or more and four limited partners who have each committed (or intend to commit) $10 million or more. As a limited partner, the Packard Foundation will focus our efforts on children, birth through five, and related early learning opportunities.
Blue Meridian Partners offers an opportunity to make big, smart bets in collaboration with our peers. Together, we hope to capitalize great nonprofits to get the job done for children whose lives depend on it.
For more information, please visit the Blue Meridian Partners webpage.