ECMC Foundation
Overview
ECMC Foundation is a Los Angeles-based, nationally focused foundation dedicated to improving postsecondary education and career outcomes for underserved students through evidence-based innovation. As an affiliate of the ECMC Group, the foundation employs a spectrum of funding structures, including strategic grantmaking and program-related investments, to support both nonprofit and for-profit ventures. Its mission is to inspire and facilitate improvements that affect educational outcomes, especially among underserved populations, through evidence-based innovation. In 2018, ECMC Foundation launched Education Innovation Ventures (EIV), a program that utilizes program-related investments (PRIs) to fund innovative and scalable solutions aimed at improving educational and career outcomes for students from underserved communities. This initiative allows the foundation to invest in both nonprofit and for-profit enterprises, complementing its traditional grantmaking strategy. The foundation's vision is for all learners to unlock their fullest potential and achieve family-sustaining wages. By leveraging a variety of funding tools, ECMC Foundation seeks to address systemic challenges in higher education and workforce development, ultimately enhancing opportunities for students from low-income backgrounds, students of color, first-generation college students, and adult learners. In 2023, ECMC Foundation made 89 grants and investments, with an average amount per grant/investment of $561,971. This reflects the foundation's commitment to systemic change and its focus on supporting organizations that are at the forefront of innovation in postsecondary education. Through its strategic framework, ECMC Foundation aims to address the root causes of inequitable student outcomes by changing the systems that perpetuate these issues, thereby serving more students and making a meaningful and lasting impact on postsecondary education, society, and the economy.
Investment Focus
- Focus on underserved student populations
- Evidence-based innovation
- Scalable solutions
- Alignment with ECMC Foundation's mission and vision
Portfolio Companies
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Unlock full contacts →Frequently asked questions about ECMC Foundation
What sectors does ECMC Foundation invest in?
ECMC Foundation invests in Financial Services, Technology, Healthcare, Energy, Consumer Goods and Real Estate, and is based in Los Angeles, California, United States. ECMC Foundation is listed as a charitable foundation in the ConnectSafely investor database.
What stage does ECMC Foundation invest at?
ECMC Foundation backs companies at Seed, Early Stage, Growth, Late Stage, Buyout and Turnaround, writing cheques of 1M - 50M.
Which regions does ECMC Foundation invest in?
ECMC Foundation invests across United States.
Who are the partners at ECMC Foundation?
Team members listed for ECMC Foundation include Stephen Handel (Chief of Staff, Senior Advisor to the President) and Jacob Fraire (Foundation President).
What companies has ECMC Foundation invested in?
ECMC Foundation's portfolio includes College Forward, Employment Technology Fund, Venn Foundation, Howard University and California State University, Northridge.
How do I contact ECMC Foundation?
ECMC Foundation's contact details — including LinkedIn — are listed in the ConnectSafely investor database, along with its website and the LinkedIn profiles of its partners.
Last updated · Source: ConnectSafely investor database
