The Patterson Foundation Kickstarts Art Center Sarasota’s Entrepreneurial Plan Fundraising With Up to $50,000 Match

The Giving Coast

The Patterson Foundation is strengthening Art Center Sarasota’s effort to implement entrepreneurial strategies by matching up to $50,000 in startup and growth capital investments toward its earned-income plan. Art Center Sarasota is one of the regional nonprofit organizations currently participating in Margin & Mission Ignition, an opportunity presented by The Patterson Foundation that helps nonprofits develop and implement an earned-income plan to strengthen their impact in our community. Nonprofits are selected to participate in Margin & Mission Ignition’s 30-month planning and implementation process after a months-long application period. No Margin, No Mission, a social enterprise and national consulting firm engaged by The Patterson Foundation, consults with the participating nonprofits on strategies and best practices to generate revenue throughout that process. Art Center Sarasota plans to launch an affordable facilities rental venture that will boost the organization’s revenue AND increase mission impact. With both indoor galleries and outdoor spaces (sculpture garden and back lawn that can accommodate a range of options), ACS offers renters many options for the activities associated with their event. Art Center Sarasota recently shared its earned-income plan with potential investors during a fast-pitch-style event presented by The Patterson Foundation. Donations and investments contributed to Art Center Sarasota’s earned-income plan will be matched dollar for dollar by The Patterson Foundation up to 50 percent of its startup capital requirement – up to $50,000 maximum. Pledges, in-kind contributions and debt funding are not eligible to be matched. Margin & Mission Ignition is part of The Patterson Foundation’s Nonprofit Thrivability initiative. This initiative connects nonprofits with expertise and resources to learn concepts like strategic decision-making while adopting and implementing entrepreneurial principles to generate enough revenue to support and eventually grow their operations. For more information about Margin & Mission Ignition, please visit thepattersonfoundation.org or join the conversation using #TPFMarginMission on social media.

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