What if 100 women pooled together $1000 each so that they could give one local nonprofit $100,000 each year?
Everyone agrees—the impact on the community would be transformative.
Our guest speaker, Wendy Steele, described a new model for philanthropy that empowers women to serve through giving. She and a group of our area’s leading women started Impact 100 Traverse City.
The Impact 100 model is fairly simple: Gather 100 women to donate $1000 each to create a $100,000 grant. Then, the group votes to determine the winning charity. Each woman gets one vote. That’s it.
Impact 100 narrows down the eligible nonprofits through a structured and transparent selection process. First, nonprofits apply to participate in the program. Then, a committee reviews all applications to narrow down the search to a group of five finalists. During Impact’s annual meeting, the finalists present the projects to the whole group and the Impact 100 members vote on the winner.
100% of the 100,000 award is donated to the charity.
The Impact 100 movement has been growing rapidly since their first $100,000 grant back in 2003. That grant helped a dental clinic in a low-income neighborhood near Cincinnati replace 20-year-old equipment.
Why Impact 100 Traverse City?
Wendy said Traverse City is a perfect place for an Impact 100 group. The local group launched with more initial members than any other Impact 100 group in the world. In fact, the initial group will donate two separate $127,500 awards in the first year.
Thank you, Wendy, for presenting.
Everyone agrees—the impact on the community would be transformative.
Our guest speaker, Wendy Steele, described a new model for philanthropy that empowers women to serve through giving. She and a group of our area’s leading women started Impact 100 Traverse City.
The Impact 100 model is fairly simple: Gather 100 women to donate $1000 each to create a $100,000 grant. Then, the group votes to determine the winning charity. Each woman gets one vote. That’s it.
Impact 100 narrows down the eligible nonprofits through a structured and transparent selection process. First, nonprofits apply to participate in the program. Then, a committee reviews all applications to narrow down the search to a group of five finalists. During Impact’s annual meeting, the finalists present the projects to the whole group and the Impact 100 members vote on the winner.
100% of the 100,000 award is donated to the charity.
The Impact 100 movement has been growing rapidly since their first $100,000 grant back in 2003. That grant helped a dental clinic in a low-income neighborhood near Cincinnati replace 20-year-old equipment.
Why Impact 100 Traverse City?
Wendy said Traverse City is a perfect place for an Impact 100 group. The local group launched with more initial members than any other Impact 100 group in the world. In fact, the initial group will donate two separate $127,500 awards in the first year.
Thank you, Wendy, for presenting.
