Charitable Ventures, a regional nonprofit incubator that empowers community leaders and propels innovative social solutions, has recently joined forces with The Olin Group, a consulting agency, so as to provide greater resources for nonprofit projects in the community.
The consolidated organization, which will go by the name Charitable Ventures, now offers expanded support to its sponsored projects and nonprofit clients through three core offerings – sponsorship, incubation and capacity building services. Charitable Ventures is on track to receive $14M across all its initiatives by end of year.
President and CEO is Anne Olin, and COO is Ted Kim. With 32 current projects on its platform and more than 120 staff, Charitable Ventures operates out of Santa Ana and Newport Beach. Its expansion was announced during an evening reception on September 25, where community leaders and philanthropists gathered for a celebration event.
Olin founded Charitable Ventures in 2007 with $5,000 in seed funding from the Orange County Community Foundation and a commitment from The Olin Group to subsidize operations with staffing and infrastructure. Charitable Ventures provides community projects with fiscal sponsorship support, and continues to evolve inside a growing movement of fiscal sponsors dedicated to best practice and building communities through this model. Its consulting services – which encompass evaluation, development, planning services – have helped more than 400 regional nonprofits in their community efforts. Among its current projects, Charitable Ventures supports: OC Grantmakers; the publicly funded network of FaCT Family Resource Centers; Project Kinship, the County’s largest re-entry services providers; First 5 Orange County; the OC Opportunity Initiative; and the 2020 Census, as the lead agency in charge of nonprofit community outreach for Orange County. Since its founding, Charitable Ventures has sponsored more than 60 projects, raised more than $36M, and continues to grow a number of regional initiatives in Orange County and beyond.
Olin shared, “When we founded the incubator in 2007, we had no idea that one day it might outgrow our own firm. The need for community-based solutions is so great, and the consolidation of critical consulting services with the power of the incubation platform positions us to truly make a difference in the region.”
Board Chair John Benner said, “I’ve watched Charitable Ventures grow since joining the Board in 2016, and I firmly believe that our expansion of services will strengthen project and nonprofit effectiveness and spread best practices in a more efficient way. I’m excited for the value Charitable Ventures can create in the nonprofit sector in our region.”