Bethesda Inc., a co-sponsor of TriHealth, has announced a $350,000 investment in GreenLight Cincinnati, part of a national venture philanthropy organization based in Boston. GreenLight raises and invests funds for innovative, high-impact programs to improve the economic mobility, opportunities and outcomes for low-income children, youth and families.
The gift brings the total amount raised locally to $2.5 million, enabling GreenLight to fully fund investment in a portfolio organization for the next three years.
“Poverty is both a cause and consequence of poor health,” said Jill Miller, president of Bethesda Inc. “Urgent needs demand innovative, effective responses. Partnering with GreenLight and other community funders to develop innovative programs to combat poverty will address an underlying issue affecting the health of many people.”
Bethesda Inc. joins a group of founding investors that include the Deaconess Associations Foundation, Cincinnati Regional Business Committee, Interact for Health, Procter and Gamble, Cincinnati Children’s, United Way Greater Cincinnati, the Cincinnati Business Committee and others.
GreenLight Cincinnati is on schedule to announce its first investment later this year and begin programming in 2017. GreenLight will then work to accelerate the program’s path toward impact and self-sustainability by flooding it with resources, including early stage funding, introductions to key members of the community, and help with strategic partnerships, building a board and hiring staff.
The GreenLight model was launched in Boston in 2003 to address urban core needs such as college access and persistence, family economic mobility, academic success, youth recidivism and youth aging out of foster care. In addition to Cincinnati, GreenLight has expanded to Philadelphia, the San Francisco Bay Area and Detroit.