At Coastal Credit Union Foundation’s Power of Sharing event last night, United Way of the Greater Triangle’s CEO, Eric Guckian took the stage with Leadership Triangle’s Executive Director, Jes Averhart to announce a new investment initiative called ‘10 to Watch’.
A highlight of the evening came with the surprise announcement of the first corporate match grant of $25,000 by Coastal Credit Union.
“Coastal has a long history of supporting organizations that lift up the most vulnerable in our community,” said Coastal’s President and CEO, Chuck Purvis. “I’m excited about the ‘10 to Watch’ initiative because it goes a step further and helps strengthen the operational side of those organizations, while helping to foster an environment of inclusion among nonprofits. We’re proud to be making the initial $25,000 grant and invite our friends throughout the Triangle business community to step up and join us.”
The ’10 to Watch’ was created to develop the leaders and organizations who represent the future of the Triangle. During United Way’s 2016-2017 funding cycle, over 85% of those served were people of color. Conversely, during that same time, people of color led just 20% of the funded partner agencies. Similar disparities in leadership are evident throughout The Triangle nonprofit community across gender lines. Disparities exist along racial and gender lines when it comes to organizational resources; on average in the Triangle, organizations led by people of color and women hold far less revenues and assets. The model places a special emphasis on ensuring nonprofit leaders of color and women, who have been historically underrepresented, develop the necessary skills and networks needed for their organizations to thrive. This initiative is about building the next generation of leadership, one that is more clearly representative of the populations served.
“We are excited to announce a brand new investment initiative that will not only address these disparities in leadership, but also provide the leadership development and support they need to prosper and make an even deeper impact on children and families in our community,” stated Eric Guckian, CEO of United Way of the Greater Triangle.
United Way of the Greater Triangle has committed to investing $500,000 into the selected ‘10 to Watch’ organizations, two-year grants of $25,000 to each of ten recipients. The ‘10 to Watch’ intentionally addresses disparities experienced by these underrepresented leaders by providing funding, access to professional development opportunities, technical assistance and facilitating a network of peer learning. In promoting the important work for vulnerable populations in the Triangle by leaders who are representative of those communities, United Way of the Greater Triangle seeks to ensure that the nonprofit sector is diverse, inclusive and equitable.
“Strong leaders make strong communities, which is why Leadership Triangle is excited to be a part of this innovative initiative,” shared Jes Averhart, Executive Director for Leadership Triangle. “The Triangle’s quality of life and future growth depends on our ability to work across boundaries and find common ground,” she added.
Leadership Triangle has signed on to ’10 to Watch’ to lead the capacity building components of the initiative. The selected ’10 to Watch’ leaders will be part of an intensive leadership program designed by Leadership Triangle to address the gaps in effective leadership, which directly impacts organizational stability and effectiveness.
Criteria for organizational eligibility includes:
The application will be available on United Way of the Greater Triangle’s website and opens on June 1, 2018 for eligible organizations. All applications are due by July 13th with the announcements of awards being made on August 10th.
Vice President, Marketing & Communications
United Way of the Greater Triangle