Communities Foundation of Texas is now taking applications for its new Data Driven Decision-Making (D3) Institute launching in July 2012. Designed to support nonprofit organizations that offer services for low-income working families, the yearlong D3 Institute will use data from the recently released CFED Assets and Opportunity Profile for Dallas to equip local nonprofits with tools and deeper insight to assess and strengthen their programs in order to have a greater impact on financial- and poverty-related issue areas. Up to 15 nonprofits will be accepted, and participating organizations will receive a general operating grant award of $10,000 minimum for their time.
The CFED study, co-funded by CFT and the Thomson Family Foundation, reports that 39-percent of all Dallas residents live in "asset poverty," a new measurement of poverty defined as not having the financial means to support a household for three months at the federal poverty. The report also shows that the city's 19.2-percent income poverty is twice the national average (9.9-percent). Using segmented data from areas like education and employment that comprise these "big picture" statistics, CFT's D3 Institute will conduct workshops for nonprofit executive leaders and staff, as well as provide tailored one-on-one coaching to evaluate their specific data to inform key decisions.
“We look forward to launching the D3 Institute, which will give participants deeper insight into the CFED Assets & Opportunity findings, as well as time with coaches who can dive into each organization’s specific data,” says Sarah Cotton Nelson, Chief Philanthropy Officer at Communities Foundation of Texas. “Another key benefit of the program will be the nonprofit leaders learning more about each other's work and exploring how they can collaborate. We hope to see key partnerships arise among attending organizations that will better synchronize programs supporting the working poor across the city and have a significant impact on these issues.”
Applications are due April 19 and can be found along with guidelines on CFT's website (cftexas.org).
ABOUT COMMUNITIES FOUNDATION OF TEXAS
As the largest community foundation in Texas and one of the largest in the nation, Communities Foundation of Texas (CFT) works with families, companies and nonprofits to strengthen our community through a variety of charitable funds and strategic grantmaking initiatives. The foundation professionally manages nearly 900 charitable funds and has awarded over $1.1 billion in grants since its founding in 1953. Increasing financial stability of working families is one of the two key focus areas of CFT’s community impact funds.