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Palm Beach Sheriff's Office donates to The Lord's Place TJCA great step forward for the Transition from Jail to Community program of The Lord's Place. Thank you to all of our 38 partners and a big thank you to the Palm Beach County Sheriff's Office for its financial support to help continue this program to help ex-offenders access community based resources to successfully transition back into society. ***
Venture Philanthropy at The Lord's Place
SEED stands for Social Enterprise Employment Development.The Lord’s Place CEO Diana Stanley explains the concept: “Through our innovative SEED Fund program, we’re taking a venture capital approach to job training and employment for the homeless. Our goal is to use the fund to help formerly homeless individuals gain sustainable employment through our current and future social enterprises and to deliver a strong financial return to our community. As the homeless leave their lives of desperation and hopelessness and find meaningful employment, the return on investment to the public is significant through a dramatic reduction in expensive public and private service costs, as well as an increase to the tax base.”
The Lord’s Place is pleased to announce that the SEED Fund has already received a $250,000 commitment fromThe Anne Goss Foundation. “We are proud to be the anchor investor in this unique venture philanthropy vehicle to support entrepreneurship within the nonprofit sector,” said Richard L. Cosnotti, managing trustee of The Anne Goss Foundation.The goals of the SEED Fund are to raise $1 million in private venture philanthropy dollars with an anticipated return of $2.22 to the community for every dollar investedin the life-changing programs for the homeless. This translates into a 122 percent return on investment.
According to The Lord’s Place Board Member and Chair of its Advancement Committee Cornelia Thornburgh, “These benefits accrue to the community through reductions in emergency room visits, law enforcement and judicial system activities and public entitlements, while increasing the tax base with more people paying taxes through employment. Instead of using the standard term of return on investment, we are using social return on investment and a 122 percent SROI is a healthy return for any investor.”
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2012 The Lord's Place
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Contributions benefit The Lord’s Place, a not for profit tax exempt organization. A COPY OF THE OFFICIAL REGISTRATION AND FINANCIAL INFORMATION OF THE LORD’S PLACE, CH3776, MAY BE OBTAINED FROM THE DIVISION OF CONSUMER SERVICES BY CALLING TOLL FREE 1-800-435-7352 WITHIN THE STATE OF FLORIDA. REGISTRATION DOES NOT IMPLY ENDORSEMENT, APPROVAL OR RECOMMENDATION BY THE STATE. The Lord’s Place receives 100% of each contribution with 0% given to a professional solicitor.