ANNUAL REPORT 2011
DEAR MEMBERS & FRIENDS, Full Circle Fund’s mission is to cultivate leaders and drive positive social change in the Bay Area. Our organization accomplished an incredible amount in 2011 and we’re excited to share it with you in our first formal annual report. As you read on, you’ll see that together, we can truly do more. It’s what happens when you bring together a community of smart, talented people with varied experiences and backgrounds, united by a shared passion to make a difference. We started 2011 with the question —“What are the most pressing problems?”— and our Members went to work to explore the issues and identify solutions. In Education, we focused our efforts on child advocacy, blended learning, and teacher performance and evaluation. In Global Economic Opportunity, we dove into entrepreneurship, community engagement, and anti-poverty efforts. In Environment, we joined the collaborative consumption movement to further advance this redefined approach to sharing. Together we identified and invested in eight innovative organizations we thought could make a profound impact. A healthy mix of early stage to more mature enterprises, they represent some of the best and brightest in the Bay Area. Members leveraged their time, talent, and networks to help these nonprofits advance their critical work. We’re proud to present some highlights in the upcoming pages. This year was also a time of transition. We embarked on a strategic planning process to evaluate our grantmaking initiatives, programs, and our Members’ needs. We learned a lot. We said farewell to longtime leader Amy Lesnick, and added four new Directors to our outstanding Board. We’re proud of our accomplishments, but we have much work ahead. As we continue to refine our model and programs, we are committed to creating the best possible experience for our Members, and to leveraging the most resources for our grant partners so they can impact the community.
“Full Circle Fund is the embodiment of how entrepreneurial efforts can systematically build ongoing mechanisms through a network of support, creativity, and people working together to address key issues in the local community. I think the model will sustain massively into the future.” REID HOFFMAN INVESTOR Co-Founder, LinkedIn Partner, Greylock
You’ve made an investment in Full Circle Fund to help accelerate positive change. We thank you for your support and hope you will continue to join us in this effort. Together, we can truly do more.
KIKI MILLS JOHNSTON CEO
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JOSH BECKER Co-Founder & Board Chair
FULL CIRCLE FUND ANNUAL REPORT 2011
OUR MEMBERSHIP BY SECTOR
Summer 2011 Member Orientation
BY AGE
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“Sharing my marketing and business expertise with nonprofits can have a much greater impact than just giving money.”
“Through Full Circle Fund I’ve learned that our careers can lead to overspecialization. Our true abilities to contribute come to light by working across disciplines and sectors.”
ROBIN JOY | MEMBER Vice President of Online & Mobile DocuSign
BRADEN PENHOET | MEMBER Executive Director Innovation Policy and Law Berkeley Energy and Climate Institute
FULL CIRCLE FUND ANNUAL REPORT 2011
OUR MODEL
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FULL CIRCLE FUND ANNUAL REPORT 2011
OUR 2011 GRANT PARTNERS BUSINESS COUNCIL ON CLIMATE CHANGE (BC3) is a public-private partnership working to reduce greenhouse gas emissions in San Francisco. We advised on their electric vehicle adoption campaign to enlist employers and commercial property owners to increase the number of charging stations downtown. www.bc3sfbay.org CHILDREN NOW is a national organization for people who care about children and want to ensure that they are the top public priority. We supported social entrepreneur Ted Lempert and evangelized their efforts with key stakeholders in California. www.childrennow.org ED100 is an online resource to help individuals develop knowledge and perspective as leaders in education change by exploring the competing ideas in plain language. We created Ed100 to call attention to important developments and put them in the context of the big picture. www.ed100.org FAMILY INDEPENDENCE INITIATIVE (FII) is a national center for anti-poverty innovation offering asset-based, community-driven solutions. We lent our expertise in the strategy, design, and launch of their new online community. www.fiinet.org IDEX (INTERNATIONAL DEVELOPMENT EXCHANGE) promotes sustainable solutions to poverty in Africa, Asia, and Latin America. At a key inflection point in their growth plan, we developed a donor messaging campaign across multiple mediums to expand their reach. www.idex.org
“Khan Academy is excited about working with innovative organizations like Full Circle Fund who aren't afraid to challenge some of the basic assumptions in education in order to meet individual student needs. Their Members developed an online toolkit that is now helping provide inroads for classroom teachers who want to utilize our lessons in a blended learning model.” SHANTANU SINHA President & COO Khan Academy
KHAN ACADEMY was founded by Salman Khan with the vision of providing a free world-class education to anyone, anywhere. By creating an instructional toolkit for classroom teachers, we advanced Khan’s proof of concept in two pilot districts. www.khanacademy.org LEADERSHIP PUBLIC SCHOOLS (LPS) is one of the largest public charter school networks in the Bay Area. We helped successfully launch ExitTicket, an innovative blended learning initiative for students to leverage mobile technology in the classroom. www.leadps.org PIVOT LEARNING PARTNERS leads the North Bay Collaborative for Strengthening Teacher and Principal Evaluation Systems. Members worked in partnership with Pivot to convene 11 Districts in Sonoma County and advise on redesigning their teacher evaluation systems. www.pivotlearningpartners.org
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FULL CIRCLE FUND ANNUAL REPORT 2011
IMPACT HIGHLIGHTS: Education PIVOT LEARNING PARTNERS
LEADERSHIP PUBLIC SCHOOLS (LPS) PROJECT Launch ExitTicket, a new application designed to help low-income students leverage mobile technology in the classroom. Members played a critical role in the initial research and strategy sessions, implementation, and ongoing counsel. IMPACT LPS reported Members’ “brain trust and thought leadership were invaluable” and saved over 200 hours of staff time, valued at $25,000. Full Circle Fund’s work was instrumental in LPS receiving the Next Generation Learning Challenge award, and an anticipated $100,000 grant from The Stupski Foundation for ExitTicket. 150 student lives have been touched and the number is projected to reach 1,500 students by the end of 2012. By 2013, over 3,000 students will be reached.
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PROJECT
“Full Circle Fund’s help allowed us to prototype an educational application and design process that has significantly impacted student achievement and given us the credibility to secure other funding and national attention.” DR. LOUISE BAY WATERS Superintendent & CEO Leadership Public Schools
“It’s inspiring to see the convergence of technology and education in action. Our team was able to be a part of an exciting new initiative that is changing the way students learn in the classroom.” AARON MCDANIEL | MEMBER Senior Director, Business Development & Global Strategy AT&T
Help Pivot lead 11 Sonoma County school districts through a change process to improve outcomes for thousands of students and provide a more professional and fulfilling working environment for teachers and school leaders. IMPACT Reached 95 educators in 11 districts, serving more than 43,000 children. If half the districts take the next step to redesign their systems, over 20,000 California students will be directly impacted. Members contributed 160 staff hours, saving Pivot an estimated $20,000. Pivot secured $15,000 of additional corporate funding from State Farm and four new fee-for-service contracts including Moreland Union School District, Novato Unified, Fremont Unified, and the Sonoma County Office of Education.
“We truly benefited from Full Circle Fund’s action-oriented philanthropy. They provided the financial support to seed 11 new district teacher evaluation redesign projects, and worked shoulder to shoulder with us to curate and facilitate four very effective workshops .” DR. MERRILL VARGO Executive Director Pivot Learning Partners
“Pivot’s collaborative and inclusive approach to education reform is the healthiest, most sustainable, and ultimately the most effective way to facilitate change in our educational system.” PAUL COLLINS MEMBER Executive Director College Summit
FULL CIRCLE FUND ANNUAL REPORT 2011
IMPACT HIGHLIGHTS: Environment & Global Economic Opportunity BUSINESS COUNCIL ON CLIMATE CHANGE (BC3) PROJECT Produce an actionable strategy to help BC3 address “range anxiety” and to increase the availability of Electric Vehicle (EV) charging infrastructure in commercial buildings throughout San Francisco. The fear of running out of electricity and being unable to charge is the greatest barrier to EV consumer adoption. IMPACT Members armed BC3 with the contacts, strategy, and outreach plan to reach building managers, tenants, and owners in over 100 commercial buildings in downtown San Francisco. Tools and resources created by Members will help BC3 fundraise for their EV program. Member support also opened the door to relevant potential funding opportunities. Full Circle Fund saved BC3 at least $10,000 of staff member time and up to $3,000 on design for print and online materials.
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FAMILY INDEPENDENCE INITIATIVE (FII) PROJECT
“The Environment Circle was excited to take on a project that would help increase Electric Vehicle usage in the city. It was very gratifying to work with members and an outstanding grant partner to address climate change in this way .” SIENNA ROGERS | MEMBER Manager Financial Forecasting and Analysis Pacific Gas and Electric Company
Scale FII’s reach from a few cities up to 60 through the conceptualization of UpTogether, a web-based community-building site. The team lent expertise in the strategy and design of this online community to encourage nationwide participation and reduce poverty. IMPACT
“Partnering with FII was extremely rewarding, both professionally and personally. It provided an opportunity to interact with a diverse and talented team of members, with the common goal of helping a great non-profit achieve greater scale and impact." RYAN TAKEMOTO | MEMBER Senior Competition Counsel Visa, Inc.
Members’ time contribution saved the organization two thirds of a full-time staff member. “Full Circle Fund goes far beyond traditional grantmaking. BC3 received much needed financial and in-kind support for this important initiative, and developed strategic relationships with a diverse and accomplished team of professionals." KATHERINE MICHONSKI Director Business Council on Climate Change
Members saved FII over $3,000 by connecting them to a leading design firm that conceptualized and designed the UpTogether website. Full Circle Fund’s team increased the beta supporter community enrollment by 50% and put a structure in place to officially launch by mid 2012.
"We unequivocally gained incredible value from our engagement with Full Circle Fund. The team brought to light strategic issues we probably would not have considered, and helped us gain access to real market data from supporters." JORGE BLANDON Vice President Family Independence Initiative
FULL CIRCLE FUND ANNUAL REPORT 2011
FINANCIAL HIGHLIGHTS
Our Members participate in a rigorous process to research, vet, and select a grant portfolio of seven to 12 organizations per year. Once approved by our Grant Advisory Committee and Board of Directors, Grant Partners receive financial grants of up to $25,000, plus our Members’ time, talent, expertise, and connections.
2011 Functional Expenses
“It's easy to throw your arms up and say, ‘These social problems are intractable. They'll never be solved.’ But that's certainly not the spirit of Silicon Valley. That's certainly not the spirit of entrepreneurship, and that's not the spirit of Full Circle Fund.” TED WANG | ALUMNUS & INVESTOR Partner Fenwick & West LLP
“I could write checks to other nonprofits ‘doing good’ in the world, but at Full Circle Fund I know that whatever I put in, in dollars and time, is compounded by the passionate work of many others who have complementary talents and connections. As a member, I can have a significant impact on how those resources are allocated and with which organizations we partner.” STEVE SCHOETTLER | MEMBER Co-Founder, Zynga Founder, Junyo
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Statement of Activities INCOME Member Income Investor Income Corporate Support Miscellaneous Income Program Income TOTAL INCOME
$219,997 $162,064 $100,000 $12,549 $215,970 $710,580
EXPENSES Fundraising Management Programs & Grants TOTAL EXPENSES
$121,525 $63,676 $642,864 $828,065
FULL CIRCLE FUND ANNUAL REPORT 2011
MEMBERS & SUPPORTERS MEMBERS *indicates Full Circle Fund Board Member
CORPORATE PARTNERS
Karen Alden
Katie Colendich
Jennifer Johnson
Melissa Powar
Jennifer Anastasoff
Paul Collins
Jenny Jordan
Margi Power
Mike Anders*
Amy Currin
Robin Joy*
Elizabeth Ramirez
Timothy Arnold
Carolyn Davies
Brian Kaplan
Stephanie Rico
Adam Bad Wound
Melissa Davini
Leslie Keil
Jason Rissman
Deborah Barron
Kate DeYoe
Gabrielle Kivitz
Sienna Rogers
Andrew Bartlow
Harrison Dillon*
Joe Kleinschmidt
Joe Ross
Hannah Bascom
Stephen Dodson*
James Lee
Kristen Sager
Matt Bauer
Nick Driver
Molly Lee
Fred Schnider
Brad Beal
Penny Dyer
Jared Leiderman
Steve Schoettler*
Josh Becker*
David Ehrenberg
Amy Lesnick
Jillian Settle
Sophia Belloli
Aimee Epstein
Evan Lurie
Andy Shin
Nicole Bien
Sid Espinosa
Steven Lurie
Marc Smolowitz
Radha Blackman
Casey Farmer
Doug Mandell
Andy Sohn
Mikhal Bouganim
Matt Finick
Tanya Marston
Ryan Takemoto
Anne Boyd Rabkin
Nathan Fisher
Trina Martynowicz
Adam Traeger-Hirschfelder
Michelle Branch
Jennifer Forster
Aaron McDaniel
Beth Trask
Annette Brinton
Michael Frost
Wendy Millet
Rob Trice
Stephen Brooks
Kristin Gilliss
Christopher Mondini
Ron Turiello
Jordan Brophy-Hilton
Kirsten Green*
Shannon Nessier
Amie Vaccaro
Lucy Burns
Adam Gross
Dee Dee Nguyen
Russ Wallace
Andrew Byrnes
Pamela Hawley
Melanie Nutter
Peter Werner*
Eva Camp*
Chuck Hornbrook
Kelly Oliver
Sarah Whitelaw
Jeff Camp
Catherine Hutton Markwell Braden Penhoet
Greg Wolff
Michelle Carreon
Kim Jacobson
Scott Pofcher
Sarah Wigglesworth*
Margret Caruso
Mark Jacobstein*
Jeff Pollock
Corrina Chow
Lucy Johns From January 1, 2011 to December 31, 2011 If you see an error or omission, please accept our apologies and inform Full Circle Fund at (415) 824-4840 x310 or info@fullcirclefund.org.
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AT&T Cooley LLP Eastern Advisors Hanson Bridgett LLP The Koret Foundation Microsoft Corporation Pacific Gas and Electric Company Qualcomm The Rogers Family Foundation Wells Fargo
INVESTORS Anonymous Erikka & Geoffrey Arone Joanna Drake Earl Lisa & Douglas Goldman Mike Gridley Reid Hoffman Lenny Mendonca The Thomas & JaMel Perkins Foundation
Rhona & Rick Thompson Laney Thornton Ted Wang
IN KIND PARTNERS “When we founded Full Circle Fund, we set out to bring smart, talented people together to leverage every asset we had - our financial resources, our brains, and our social networks to identify and develop ideas that could really move the needle in our issue areas.
Aili Ice Designs AzureFire LLC - iDigiTAG BetterWorld Telecom Blue Angel Vodka Café-Razzi Color Burst Flowers Elefint Designs Eventbrite GPS Connections Greater Purpose Wine Hansen’s Natural Soda Hotbed Media
I'm so proud of all we’ve accomplished, and there is still much more to do.” JOSH BECKER | MEMBER Co-Founder & Board Chair Full Circle Fund
JustGood.tv Keith Lewis Photography & Imaging M Woodward Catering Salesforce Scion Staffing Solazyme, Inc. Spy Post Square Thomas Minczeski Photography
FULL CIRCLE FUND ANNUAL REPORT 2011
An engaged philanthropy organization cultivating the next generation of community leaders to drive lasting social change in the San Francisco Bay Area and beyond. 133 Kearny Street, Suite 202 San Francisco, CA 94108 www.fullcirclefund.org www.facebook.com/fullcirclefund www.twitter.com/fullcirclefund
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FULL CIRCLE FUND ANNUAL REPORT 2011