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GuideStar Receives $3 Million Strategic Investment towards $10 Million Capital Campaign

Earlier this year, GuideStar unveiled its new strategic plan, GuideStar 2020, to build the information scaffolding for social change to help ensure the nonprofit sector is capable of addressing the great challenges of our time. It is an exciting and ambitious vision, true to the innovative and transformational spirit that has been the cornerstone of GuideStar’s work for the past 20 years.

Impact Call FINALBut we know that we cannot accomplish this work on our own. Rather, it requires collaboration and engagement by many. For GuideStar, collaboration takes on many different forms. Our partnerships range from campaign-specific ones to those involved in data input and distribution from the tens of thousands of nonprofits that are updating their organizational profiles through the GuideStar Exchange to our funding partners. Each partnership is critical to our collective effort to better serve the sector and maximize impact within nonprofit organizations and in the lives of those they serve.

In terms of funding partners, GuideStar is honored and most grateful for the $3 million grant awarded by the Bill & Melinda Gates Foundation, a strategic investment that was announced earlier this week on GuideStar’s quarterly Impact Call. This grant anchors our $10 million transformational capital campaign to fund the next generation of data infrastructure for the nonprofit sector. As Jacob Harold, our president and CEO, said in announcing the grant, “In addition to acting as a vital investment in GuideStar’s future, it is a statement of confidence in our direction. Given the scale of our operations, this investment offers tremendous leverage. The combination of this investment and other promising conversations with additional funders gives our organization great momentum moving forward.”

To those who already partner with GuideStar, we offer our sincerest thanks for sharing in our vision of a stronger nonprofit sector. And to those interested in learning more and engaging with GuideStar as we transform philanthropy, we welcome the opportunity to connect; we can be reached at funding@guidestar.org.

The preceding post is by Beth Suarez, GuideStar’s director of development. Beth came to GuideStar with 25 years of experience in nonprofit fundraising and development, including positions with PBS, National Trust for Historic Preservation and Catholic Charities USA. She is active in the local nonprofit community and serves on various boards. You can reach Beth at elizabeth.suarez@guidestar.org.

Topics: Impact