1 Impact Plan - Entrepreneurship STRATEGIES IMMEDIATE OUTCOMES - - PDF document

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1 Impact Plan - Entrepreneurship STRATEGIES IMMEDIATE OUTCOMES - - PDF document

Grant Program Review Board of Directors Meeting August 25, 2016 Program Agenda 2016 budget status Program updates Four grant proposals Financial and Investment Reviews 2 BOD Meeting August 25, 2016 If August Recommendations


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SLIDE 1

1

Grant Program Review

Board of Directors Meeting August 25, 2016

Program Agenda

 2016 budget status  Program updates  Four grant proposals  Financial and Investment Reviews

2 BOD Meeting August 25, 2016

If August Recommendations Approved, $907K Remains to be Paid in 2016 – largely Entrepreneurship and Cancer Cancer Rehab Disab Entrep Other Total Budget $2,730 $130 $2,343 $1,615 $182 $7,000 Approved 2,425 43 2,324 1,033 90 5,915 To Go 305 87 19 582 92 1,085 Aug Rec.

  • 118 60

178 Remaining 305 87 19 464 32 907 “Pipeline” $500 -- $189 $445 $7 $1,141

5 BOD Meeting August 25, 2016

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SLIDE 2

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Impact Plan - Entrepreneurship

STRATEGIES IMMEDIATE OUTCOMES INTERMEDIATE OUTCOMES INTENDED IMPACT

1 Fund efforts to improve academic curriculums' ability to build core self- employment skills Collegiate programs will: commit financial and internal resources to promote E-ship as an interdisciplinary learning; sustain greater external stakeholder engagement; link experiential opportunities to the curriculum, employ student entrepreneurial portfolios Entrepreneurship Faculty Business and Non-Business instructors will

  • ptimally employ curricular and co-curricular

components to engage and support students in their pursuit of self-employment 2 Fund efforts to increase the quality and frequency of experiential/co-curricular activities Emerging student entrepreneurs will experience richer experiential co-curricular activities over the course of their programs 3 Fund efforts to increase frequency and quality of interdisciplinary learning Entrepreneurship Students Youth Programs will: sustain greater external stakeholder engagement; link experiential

  • pportunities to the curriculum; employ

experiential portfolios Aspiring entrepreneurs will have the motivation to act, have the right knowledge and have the opportunity to practice the right skills to apply to their business venture 4 Fund efforts to increase stakeholder engagement Emerging entrepreneurs will be successful at starting and running businesses 5 Explore efforts to develop "Portfolio" experiential approaches and link them directly to academic E-ship programs 6 Fund collaborative efforts between academic programs and community based accelerators and incubators Academic and Community based accelerator programs will develop programmatic collaborations continuing the pathway concept Emerging entrepreneurs will have ready

  • pportunities to participate in accelerators /

incubators as the next steps in their development Definitions: Core skill development could include: Vision, Opportunity Recognition, Network and Team development, Financial Management, Marketing, Technology utilization, Sales, Leadership Experiential / Co-curricular activities: Direct quality time with Business owners, Mentorships, Internships, Incubation/Acceleration, Alumni engagement, Entrepreneurs-in-residence, Opportunities to practice applied skills Interdisciplinary: interdepartmental, cross campus student activity and faculty collaboration including Fellows models Stakeholders: faculty and administration, community supporters, practitioners, alumni Entrepreneurial portfolio: A proactively developed set of experiential learning opportunities that engage students with entrepreneurs and the self-employment experience which are linked to the curriculum as per attached example

4 BOD Meeting August 25, 2016

Entrepreneurship

 Emerging entrepreneurs will have:

 the motivation to act  the right knowledge  opportunities to practice the right skills to

apply to develop their business venture

 richer experiential activities and support

systems available

 More emerging entrepreneurs will be successful

at starting and running businesses

5

Entrepreneurship Program Updates

Legacy Programs

  • St. Louis University
  • University of Illinois/Chicago
  • Marquette
  • North Central
  • IIT

6 BOD Meeting August 25, 2016

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SLIDE 3

3

Entrepreneurship Program Updates

  • Millikin
  • CEO
  • DePaul

7 BOD Meeting August 25, 2016

Fellows Program launched into new academic year with 5th Fellows Summit

 Over 80 attendees from 14 participating

campuses

 First annual Summit organized and delivered

without direct CFI staff involvement

 Project Directors, Fellows and Coleman

Entrepreneurs-in-Residence (CERs)

 Significant time dedicated to development of

assessment protocols for program

 Workshops for New and Veteran Fellows as well

as CERs

 Special topic of Color Code Personality Types

8 BOD Meeting August 25, 2016

Evaluating Community Entrepreneurship Programs Concepts for November Meeting

 Local Food

 Farm on Ogden – Chicago Botanic Garden effort to scale

support for food growers in Lawndale

 The Hatchery – Accion/ICNC project to provide

production space for prepared food entrepreneurs in East Garfield Park

 Ability Food Network – branded food producer and small

batch co-packer employing workforce with I/DD

 Digital Manufacturing/Making

 Chicago Public Library exploring local branches as hubs

for digital/other making with link to entrepreneurship

 South Metro Higher Ed Consortium exploring community

  • ptions to support maker entrepreneurship

9 BOD Meeting August 25, 2016

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4

Evaluating Key Sector Community Entrepreneurship Programs

 Digital Manufacturing/Making

 mHub - Manufacturing Innovation Hub – Is a shared

maker space designed to promote growth in Chicagoland manufacturing through product innovation and commercialization.

10 BOD Meeting August 25, 2016

mHub

11 BOD Meeting August 25, 2016

mHub

12 BOD Meeting August 25, 2016

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5

mHub

13 BOD Meeting August 25, 2016

mHub

14 BOD Meeting August 25, 2016

Impact Plan – Developmental Disabilities

STRATEGIES IMMEDIATE OUTCOMES INTERMEDIATE OUTCOMES INTENDED IMPACT 1 Fund grantees' ability to assess client residential and vocational interests in light of the changing environment Grantees must discern the vocational and residential goals of program participants and facilitate their efforts to achieve them

Vocational

Individuals in the Chicago metropolitan area with developmental disabilities will experience a higher quality of life and increased self-determination through success in their work, comfort in their home and satisfaction across the varied stages of their lives

2 Fund efforts to expand job

  • pportunities and prepare

individuals for workplace success

Individuals in the Chicago metropolitan area with developmental disabilities have the opportunity to identify from a variety of

  • ptions the work that helps

them to be fulfilled and to participate in the economy

3 Fund efforts to increase self- employment 4 Fund efforts to increase the supply

  • f housing alternatives, including

emerging models which allow for

  • wnership by residents and other

parties

Residential

5 Explore efforts to improve client health outcomes enabling them to reach vocational and residential goals

Individuals in the Chicago metropolitan area with developmental disabilities can choose from a varied and increasing set of

  • ptions the residential

arrangement that gives them comfort and helps them to be fulfilled

6 Catalyze collaboration among grantees 7 Support grantees’ development of non-governmental revenue streams

15 BOD Meeting August 25, 2016

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6

We have advancing disabilities grant making while reaching 2016 budget limit

1.

Advance an understanding of “Quality of Life”

2.

Support transitions of sheltered workshops to community-integrated & employment programs

3.

Create and renew residential environments

4.

Improve direct care staffing

5.

Mobilize individual philanthropic support

16 BOD Meeting August 25, 2016

Funded projects and others in pipeline are addressing these opportunities

1.

Advance understanding

  • f “Quality of Life”

2.

Support transitions of sheltered workshops to more community- integrated & employment programs

3.

Create and renew residential environments

4.

Improve direct care staffing

5.

Mobilize individual philanthropic support 1.

PACTT/I4A CQL training

2.

Ability Food Network

3.

Group Home Renewal

4.

I4A collaboration in development

5.

#ILGIVE match; Forefront leadership

17 BOD Meeting August 25, 2016

PACTT/I4A CQL Training to Reach 130 Individuals from September to May

 Focusing on QoL framework of 21 indicators

 My Self - Who I am as result of heredity, life experiences  My World - Where I work, live, socialize, belong.  My Dreams - How I want my life (self and world) to be.

 13 4-day workshops at locations across metro area  15 organizations sending staff with most hosting

sessions

 Attendees including managers, trainers, program

directors

 Funded by CFI and Circle of Service Foundation

#

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SLIDE 7

7

19

  • Market analysis
  • Chicagoland food & beverage

industry is 2d largest in nation

  • Small firms are 94% of total
  • Key differentiators
  • Healthy
  • Convenience
  • Values-Driven
  • Diversity in Choices
  • Recommendations
  • Develop artisan foods brand
  • Minimally processed small-

batch production

  • Lever at least two of four

key differentiators

  • Small-batch co-packing

BOD Meeting August 25, 2016

Planning Continues for Ability Food Network

Group Home Renewal Initiative

 $20,000 award to Designs for Dignity to staff

pro-bono design teams working with I/DD staff and residents to renovate 1 group home at each

  • f 6 agencies

 Current Status

 6 homes identified  Project lead hired; 3 of 6 teams formed

 Next Steps

 August/Sept – scoping/budgeting  October – CFI approval of $20K project grants  November – kickoff meeting; work begins

20 BOD Meeting August 25, 2016

#ILGIVE Matching Grants Update

22

 53 grantee organizations agreed to participate  Incentive structure similar to last year

 Match incremental increases to donors largest 2015

gifts

 Cap of $10,000 per organization

 Exploring potential for research opportunity

with economist at Texas A&M and colleagues

 Forefront has launched www.ilgive.com site on

GiveGab platform

BOD Meeting August 25, 2016

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SLIDE 8

8

Teaching Together Prototype

Center for Independence through Conductive Ed, Helping Hand Center, El Valor.

 Met with TT Founder  Local catholic school in Pilsen committed to three

internships

 Met with additional partner agency (Gigi’s

Playhouse)

22 BOD Meeting August 25, 2016

Gigi’s Playhouse

 Nancy Gianni receives CNN Hero Award

 http://www.cnn.com/videos/living/2016/06/16/cnnheroe

s-nancy-gianni-profile-pkg.cnn/video/playlists/2016-cnn- heroes/

23 BOD Meeting August 25, 2016

Impact Plan - Cancer

STRATEGIES IMMEDIATE OUTCOMES INTERMEDIATE OUTCOMES INTENDED IMPACT 1 Fund capital and program projects that enable the delivery

  • f comprehensive treatment.

Health Care Providers Health Care Providers 2 Fund education programs1 for cancer patients, physicians and health care professionals. Grantees will offer the most effective tools and resources possible to cancer patients, and employ supportive oncology practices4 in which healthcare professionals collaborate Medical professionals will be able to develop and deliver an

  • ptimal comprehensive

treatment plan for the cancer patient. Cancer patients in the Chicago Metro area are fully engaged in their cancer treatment plan, and achieve the best possible

  • utcome and quality of life.

3 Fund collaborative

2 efforts that

include comprehensive clinics

3 ,

psychosocial support and palliative care. Cancer Patients Cancer Patients Cancer patients must be fully engaged in development of a treatment plan and empowered to make decisions regarding their continuity of care. Individuals with cancer are knowledgeable and actively participate in cancer treatment. 4 Fund efforts to promote clear communication of treatment

  • ptions to patients.

1 education programs refer to professional development, disease or treatment specific education, and mentoring, not medical school education 2 collaborations would include efforts between doctors and other health care professionals at same or across institutions 3 multidisciplinary medical team develops treatment options and discusses advantages and disadvantages with the patient 4 refers to services from diagnosis to end of life

24 BOD Meeting August 25, 2016

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SLIDE 9

9

Cancer Program Updates

 Palliative Care Training Program

 Fall conference scheduled for September  Training program ends 8/31/2016

 Coleman Supportive Oncology Initiative

 Cycle 1 – Last data collection scheduled for November.

Training modules will soon go live on NCCN website. Team members continuing to submit papers, abstracts, and posters to national cancer organizations.

 Cycle 2 – Ten proposals for Nov. Board meeting.

 Children’s Supportive Oncology Initiative

 Making progress, discovering different issues and

approaches than adult cancer patients.

25

Health & Rehab Program Update

  • Rehabilitation Institute of Chicago
  • Endowed Chair in Rehabilitation Medicine

Established 1986 ($1MM )

  • Market value $3.2 MM at 8/31/2015
  • Annual program support ~$250K

at 8/31/2015

  • Opportunities – AbilityLabs

 http://www.ric.org/abilitylab/live-construction-webcam/ 26 BOD Meeting August 25, 2016

Health & Rehab Program Update

  • Almost Home Kids
  • Medical Education Program
  • Goal to train 20 medical/graduate students, trained 85

from 11 teaching institutions

  • September 1 anniversary celebration

27 BOD Meeting August 25, 2016

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SLIDE 10

10

Agenda

Program Request Recommended Entrepreneurship $194,500 $178,000 Cancer

  • Other

60,000 60,000 Total $254,500 $238,000

28 BOD Meeting August 25, 2016

Agenda - Entrepreneurship

Program Request Recommended Chicago Artists Coalition $50,000 $50,000 Millikin University 38,000 38,000 North Central College 106,500 90,000 Total E’ship $194,500 $178,000

29 BOD Meeting August 25, 2016

Chicago Artist Coalition Recommended Amount: $50,000

Strengths

 Strong staff and Board  Continued interest strengthening program offerings  Strong interest in collaborations  Establishment of the Educational Advisory Group  Programs target more experienced artists

Weaknesses

 To date, the business skill building content could be stronger

Why to Fund

 CAC’s work does align with our goals to improve knowledge

and skills, create richer experiential activities, and form useful collaborations

30 BOD Meeting August 25, 2016

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11

Millikin University Recommended Amount: $38,000

Strengths

 Strong entrepreneurship with large cross-disciplinary program  Nine student run ventures that serve as labs for learning  Founder of program still involved to assist with transition of

staff, administration, and alumni connections Weaknesses

 Many new staff hired since last year. Staff lack

entrepreneurship and institutional knowledge. Why to Fund

 CFI highly invested in building program, its expansion and

growth.

 Interested in supporting the Center during transition.  Program elements align with Impact Plan, 31 BOD Meeting August 25, 2016

North Central College Recommended Amount: $90,000

Strengths

 SEA provides value to art students, faculty and artists  College is allowing SEA to pursue fundraising. Efforts made to

raise funds to meet the $20,000 match.

 SEA staff working with external professionals to assist with

fundraising. Weaknesses

 Low level of support from College for the program  SEA Staff lack experience and skills in development/

fundraising

 Program not sustainable without Coleman support

Why to Fund

 Builds on CFI investment and assures continuation of SEA.  Aligns with Impact Plan- fosters interdisciplinary learning,

and links curricular to experiential learning.

32 BOD Meeting August 25, 2016

Agenda - Other

Applicant Request Recommended The Cara Program $60,000 $60,000 Total $60,000 $60,000

33 BOD Meeting August 25, 2016

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12

The Cara Program Recommended Amount: $60,000

Strengths

 Highly regarded workforce development service provider  Supports high need population of homeless, recently

incarcerated, poor from south, west, far north sides of Chicago

 Clear success metrics (employment gained, assets built,

housing stability attained, and communities transformed)

 Strong linkages to employer partners

Weaknesses Why to Fund

 Provides CFI with an opportunity to learn about new area with

eye towards developing future funding interests

34 BOD Meeting August 25, 2016

Financial Overview

 July 31, 2016 Financial Statements  August 22, 2016 Balance Sheet  Updated 2016 Budget  Preliminary 2017 Budget  Final Audit for 2015, Tax Returns

35 BOD Meeting August 25, 2016

Investment Committee

 Goldman Sachs Report  Manager Performance  2nd Qtr., 2016  Market Update 2016  Asset Allocation  Equity level, Income & Cash  Re-balancing update  New Ideas

35 BOD Meeting August 25, 2016

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SLIDE 13

13

New Business

 Technology  Ongoing Program Discussion  Impact  Marketing

  • Site Visits / Guests

36 BOD Meeting August 25, 2016

New Business

 Possible 2017 Meeting Schedule

 Regular Meeting: Wednesday 3/1/17 (Dinner Tue)  Annual Meeting: Tue-Wed 6/6-7/16 (Dinner Tue)

  • r Wed - Thur

 Regular Meeting: Wednesday 8/23/17 (Dinner Tue)

  • r 8/30/17

 Regular Meeting: Wed 11/15/17 (Dinner Wed)

  • r Thur 11/16/16

 Next meeting 11/17/16  Adjournment

36 BOD Meeting August 25, 2016

Impact Plan - Cancer

STRATEGIES IMMEDIATE OUTCOMES INTERMEDIATE OUTCOMES INTENDED IMPACT 1 Fund capital and program projects that enable the delivery

  • f comprehensive treatment.

Health Care Providers Health Care Providers 2 Fund education programs1 for cancer patients, physicians and health care professionals. Grantees will offer the most effective tools and resources possible to cancer patients, and employ supportive oncology practices4 in which healthcare professionals collaborate Medical professionals will be able to develop and deliver an

  • ptimal comprehensive

treatment plan for the cancer patient. Cancer patients in the Chicago Metro area are fully engaged in their cancer treatment plan, and achieve the best possible

  • utcome and quality of life.

3 Fund collaborative

2 efforts that

include comprehensive clinics

3 ,

psychosocial support and palliative care. Cancer Patients Cancer Patients Cancer patients must be fully engaged in development of a treatment plan and empowered to make decisions regarding their continuity of care. Individuals with cancer are knowledgeable and actively participate in cancer treatment. 4 Fund efforts to promote clear communication of treatment

  • ptions to patients.

1 education programs refer to professional development, disease or treatment specific education, and mentoring, not medical school education 2 collaborations would include efforts between doctors and other health care professionals at same or across institutions 3 multidisciplinary medical team develops treatment options and discusses advantages and disadvantages with the patient 4 refers to services from diagnosis to end of life

39 BOD Meeting August 25, 2016

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SLIDE 14

14

Impact Plan – Developmental Disabilities

STRATEGIES IMMEDIATE OUTCOMES INTERMEDIATE OUTCOMES INTENDED IMPACT 1 Fund grantees' ability to assess client residential and vocational interests in light of the changing environment Grantees must discern the vocational and residential goals of program participants and facilitate their efforts to achieve them Vocational Individuals in the Chicago metropolitan area with developmental disabilities will experience a higher quality of life and increased self-determination through success in their work, comfort in their home and satisfaction across the varied stages

  • f their lives

2 Fund efforts to expand job

  • pportunities and prepare

individuals for workplace success Individuals in the Chicago metropolitan area with developmental disabilities have the

  • pportunity to identify from a variety
  • f options the work that helps them

to be fulfilled and to participate in the economy 3 Fund efforts to increase self- employment 4 Fund efforts to increase the supply

  • f housing alternatives, including

emerging models which allow for

  • wnership by residents and other

parties Residential 5 Explore efforts to improve client health outcomes enabling them to reach vocational and residential goals Individuals in the Chicago metropolitan area with developmental disabilities can choose from a varied and increasing set of options the residential arrangement that gives them comfort and helps them to be fulfilled 6 Catalyze collaboration among grantees 7 Support grantees’ development of non-governmental revenue streams

40 BOD Meeting August 25, 2016

Impact Plan - Entrepreneurship

STRATEGIES IMMEDIATE OUTCOMES INTERMEDIATE OUTCOMES INTENDED IMPACT

1 Fund efforts to improve academic curriculums' ability to build core self- employment skills Collegiate programs will: commit financial and internal resources to promote E-ship as an interdisciplinary learning; sustain greater external stakeholder engagement; link experiential opportunities to the curriculum, employ student entrepreneurial portfolios Entrepreneurship Faculty Business and Non-Business instructors will

  • ptimally employ curricular and co-curricular

components to engage and support students in their pursuit of self-employment 2 Fund efforts to increase the quality and frequency of experiential/co-curricular activities Emerging student entrepreneurs will experience richer experiential co-curricular activities over the course of their programs 3 Fund efforts to increase frequency and quality of interdisciplinary learning Entrepreneurship Students Youth Programs will: sustain greater external stakeholder engagement; link experiential

  • pportunities to the curriculum; employ

experiential portfolios Aspiring entrepreneurs will have the motivation to act, have the right knowledge and have the opportunity to practice the right skills to apply to their business venture 4 Fund efforts to increase stakeholder engagement Emerging entrepreneurs will be successful at starting and running businesses 5 Explore efforts to develop "Portfolio" experiential approaches and link them directly to academic E-ship programs 6 Fund collaborative efforts between academic programs and community based accelerators and incubators Academic and Community based accelerator programs will develop programmatic collaborations continuing the pathway concept Emerging entrepreneurs will have ready

  • pportunities to participate in accelerators /

incubators as the next steps in their development Definitions: Core skill development could include: Vision, Opportunity Recognition, Network and Team development, Financial Management, Marketing, Technology utilization, Sales, Leadership Experiential / Co-curricular activities: Direct quality time with Business owners, Mentorships, Internships, Incubation/Acceleration, Alumni engagement, Entrepreneurs-in-residence, Opportunities to practice applied skills Interdisciplinary: interdepartmental, cross campus student activity and faculty collaboration including Fellows models Stakeholders: faculty and administration, community supporters, practitioners, alumni Entrepreneurial portfolio: A proactively developed set of experiential learning opportunities that engage students with entrepreneurs and the self-employment experience which are linked to the curriculum as per attached example

41 BOD Meeting August 25, 2016