Because it’s virtually impossible for local donors alone to meet the financial needs of nonprofits serving people in need, the Community Foundation of Tampa Bay is holding its second Big Idea Grant competition, offering up to $50,000 to nonprofits who pitch the best ideas for either a new social enterprise for their organization or by expanding something they’re already doing.
The goal of nonprofit social enterprise is to help these organizations become sustainable by relying less on charity and more on self-sufficiency to earn the money necessary to continue to do the good works that they do.
The caveat, though, is that in order to win, nonprofits must find organizations that are similar to their own in mission, and work together to create a business plan with a clear road to sustained profitability.
In 2015 the Big Idea Grant participants came up with so many innovative and creative ideas for collaborations that two more donors came forward with $50,000 each so that three different collaborating nonprofit groups were able to move forward with their initiatives.
One of 2015’s winners, My Mobile Market
was a partnership between Feeding Tampa Bay, Suncoast Goodwill and Tampa Bay Food Truck Rally to supply low-income neighborhoods with a pop-up grocery story, supplying affordable, healthy fresh food items like fruits and veggies, and non-perishable staples like beans and rice and peanut butter.
Matt Spence, CFTB’s VP of Community Impact, says that one of the key ingredients that comprises nonprofit success is allowing a nonprofit to concentrate on what they are already doing well. In partnering with other groups that are doing a similar service but may have more experience with a different aspect of the same mission, these collaborations mean bigger and better results for all involved.
My Mobile Market is an example of why that works.
“Feeding Tampa Bay understands food and nutrition and distribution and they do those things extremely well,” says Spence. “What they don’t have experience with, and what Goodwill brought to the table, was in the job training aspect of it, so Goodwill was working with their adult clients to help build job skills and those are the people who man the trucks, who drive it, who sell the food. Those are all Goodwill employees. It’s a way to to connect to different areas of expertise while still allowing the nonprofits do what they do well.”
The deadline for submissions to win the Big Idea Grant
is March 3.