ImpactFool (IF) Fund

A venture philanthropy fund that identifies, funds, and supports early-stage nonprofits with innovative models demonstrating great potential for helping Americans take their next step toward Financial Freedom.

Mission: Accelerate the most promising pathways to Financial Freedom for Americans living paycheck-to-paycheck.

Geographic Scope

Currently focused on the Greater Washington, D.C., area, with plans to expand nationally in future funding rounds.

Greater Washington D.C. area includes:

• Washington, District of Columbia
• Maryland: Prince George's County, Charles County, Montgomery County, Frederick County, Calvert County
• Virginia: City of Alexandria, Arlington County, Clarke County, Culpeper County, Fairfax County, City of Fairfax, City of Falls Church, Fauquier County, City of Fredericksburg, Loudon County, Madison County, City of Manassas, City of Manassas Park, Prince William County, Rappahannock County, Spotsylvania County, Stafford County, Warren County
• West Virginia: Jefferson County

Focus Areas

The IF Fund focuses on five areas that directly impact an individual's ability to achieve Financial Freedom:

• Health
• Education
• Housing
• Work
• Money

Eligibility

• Organization Type: 501(c)(3) nonprofit organizations only
• Geographic Location: Based in the Greater Washington, D.C., area (initially)
• Status: Early-stage nonprofits with innovative models and large-scale potential
• Application Method: By invitation only (nominations accepted)

Funding Details

Award Amount: $300,000 unrestricted grant distributed over three years ($100,000 annually)

Use of Funds:

• Unrestricted grants can be used for both operational and programmatic costs
• Funding cannot be used for political campaigns or legislative lobbying efforts
• Must further the nonprofit's public mission

Support Provided

1. Unrestricted Grant: $300,000 over three years
2. Operating Support: Access to a dedicated Scaling Partner (expert in nonprofit management) who:
   • Sits on the organization's board of directors
   • Works hand-in-hand with nonprofit leadership
   • Develops and executes an Annual Support Plan tailored to organizational needs
   • Provides expertise in strategic planning, marketing and communications, and fundraising
   • Connects organization with The Motley Fool community expertise and outside experts

Background

Launched by The Motley Fool Foundation in 2024. Combines The Motley Fool's proven investment principles (long-term orientation, active engagement, measurable outcomes) with the Foundation's commitment to making positive impact through talent and treasure.

Application Process

Nomination-Based Selection: Applications are by invitation only. The IF Fund accepts nominations for eligible nonprofits.

How to Apply:
Nominations are submitted through a nomination form (details available at foolfoundation.org/iffund).

Selection Process:

• Nominations are reviewed to identify nonprofits showing promise in directly impacting the five areas of Financial Freedom (Health, Education, Housing, Work, Money)
• Selected organizations are announced in fall following the nomination period
• First cohort of ImpactFool Nonprofits announced in fall 2024

Required Information:
Specific nomination form requirements not detailed in provided content.

Contact for More Information:
if_fund@foolfoundation.org

For complete application details and nomination form access, visit foolfoundation.org/iffund