How much funding does Social Business Match Program (SBMP) provide?

Funding amounts vary. Check the grant details for specifics.

When is the deadline for Social Business Match Program (SBMP)?

This grant has a rolling deadline or the deadline has not been announced.

Funding Amount

Varies

Deadline

Rolling / Open

Grant Type

foundation

Overview: A Program-Related Investment (PRI) initiative designed to help social businesses access seed capital for growth.

Geographic Scope:

Minnesota, North Dakota, South Dakota, or one of the 23 native nations sharing this geography

Business must be incorporated in, headquartered in, or primarily impacting eligible regions

Eligibility Requirements:

Incorporate as a Public Benefit Corporation, Public Benefit LLC, or similar corporate form
Achieve B-Corp certification through B-Lab
Make basic adjustments to governing documents of another corporate form

(a) Owned by, led by, or primarily impacting people from under-represented communities (women, BIPOC and other minorities, disabled persons, LGBTQ+ individuals), OR
(b) Otherwise offer uniquely compelling strategic value proposition to development of region's social enterprise field

By closing: Must have and regularly use double-entry accounting system (e.g., QuickBooks)
Revenue cap: At time of application, cannot have earned more than $500,000 in revenue over any consecutive 12-month period
Highly encouraged to have accounting system in good working order before applying (not required)

By closing: Typically require governing board with at least 3 members meeting quarterly
At application time: Not required to have board in place; may apply with existing governance/advisory board
Foundation open to discussing particulars of situation

Must create logic model communicating venture's recipe for impact
Logic model includes: inputs (ingredients), activities (what you do), outputs (evidence of completion), outcomes (results)

Contact: Contact Venn Foundation for questions

Status: Active funding opportunity

Click Apply Now on the SBMP eligibility page
Review eligibility guidelines thoroughly before applying
FAQ available for SBMP PRI recipients at: https://www.vennfoundation.org/sbmp-eligibility

Required Materials:

Application form (via Apply Now portal)

Logic model for your venture's impact

Financial documentation showing accounting system in use

Details on business structure and social corporate purpose

Information on ownership/leadership/impact on under-represented communities OR strategic value proposition

Note: Applicants are encouraged to contact Venn Foundation with questions about eligibility or the application process.