Echoing Green
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Echoing Green - overview
Established
1987
Location
New York, NY, US
Primary Industry
Financial Services
About
Echoing Green is a nonprofit organization dedicated to funding social entrepreneurs and innovation through its Fellowship programs, empowering emerging leaders to tackle pressing global challenges. Founded in 1987, Echoing Green is based in New York, US, and focuses on fostering social entrepreneurship. The organization, co-founded by Andrew Kassoy, Melinda Wolfe, and Rafiq II, has remained steadfast in its mission to support social innovators. In September 2013, Echoing Green raised USD 0.
1 million in Seed funding, marking a significant milestone in its funding journey. The organization primarily targets emerging leaders and has established itself within the social entrepreneurship landscape. Echoing Green is primarily focused on funding social entrepreneurship and innovation through its Fellowship programs. The core offering involves investing in emerging leaders who are addressing pressing global issues, providing them with strategic support and resources to scale their initiatives.
The Fellowship offers financial backing, mentorship, networking opportunities, and capacity-building resources for social entrepreneurs. Echoing Green's services cater to a diverse client base, including startups and organizations led by socially conscious innovators across various sectors, particularly in regions where social entrepreneurship is flourishing, such as North America, Latin America, and specific nations in Africa and Asia. Echoing Green's revenue model primarily revolves around donations, grants, and partnerships that support its Fellowship programs. The organization engages with various stakeholders, including philanthropic foundations, corporate sponsors, and individual donors, who contribute to nurturing social entrepreneurs.
Funding typically occurs through structured agreements, where sponsors commit resources for specific initiatives or fellowships, and contributions vary based on the support required for each Fellowship or project. Echoing Green also provides follow-on funding to successful Fellow-led organizations, enhancing the sustainability of their ventures. Echoing Green aims to utilize its recent Seed funding, raised in September 2013, to enhance its Fellowship programs and expand its reach. The organization plans to refine its offerings and potentially launch new initiatives that will support social innovators more effectively.
Future expansion efforts will focus on new geographic markets, specifically targeting regions in Africa and Asia by 2024, where social challenges are significant. This strategic growth will enable Echoing Green to deepen its impact and support a broader range of social enterprises.
Primary Industry
Financial Services
Sub Industries
Consumer Finance
Website
www.echoinggreen.org
Company Stage
Angel & Seed
Total Amount Raised
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