I’ve been doing a lot of thinking about, and research into, an affordable financial model for an intentional community for adults with intellectual and development disabilities (“IDD”) predicated on financial self-sufficiency and minimizing reliance on Medicaid waiver funding or tax credits. This new financial model would be the backbone of a live/work/play neighborhood community. The solution I seek, however, has very few examples of comparative models.
From my efforts to try to innovate a new financial model, two funding concepts jumped out at me that may bridge the for-profit and nonprofit worlds, and could be critical to a new community model’s success – Venture Philanthropy and Philanthropic Equity. Let’s take a look at what that might mean for a nonprofit offered a million dollars.