The investment partners were already effective organizations when the partnerships began, but they are now operating at a different level. Their leaders are thinking differently about their organizations and their own roles, are more rigorous in their planning and decision-making, and are tackling tough issues of organizational change. They are cultivating performance-driven cultures while staying true to their missions.
They have built stronger senior management and better boards, successfully hiring and integrating into their organizations more than 30 senior executives and more than 20 new board members. These new managers and board leaders are highly committed and bring specific expertise, and/or added influence and improved access to funding to these nonprofit organizations. The investment partners have already leveraged $27.2 million of capital or its equivalent for their organizations and the region's nonprofit sector.
As of March 31, 2006, of the seven nonprofits well into multi-year VPP partnerships, five have significantly strengthened their organizations and effectiveness, while two others have made incremental, but solid progress. The three early-stage investment partnerships have made solid achievements and laid the groundwork for significant gains in years ahead—with one already achieving early transformational change. Of the two beginning-stage partnerships, a multi-year investment partnership has been announced for one and the other, which just completed business planning, is finalizing its multi-year objectives.