In 2018, the Hartford Foundation for Public Giving launched the Social Enterprise Accelerator in partnership with No Margin, No Mission, a national consulting firm dedicated to helping nonprofits increase their entrepreneurial capacity, revenue, and mission impact. In late 2023, the Foundation announced a matching challenge for the third cohort of the program: 100 percent of every dollar of startup or growth capital raised by the nonprofits (up to $30,000 per organization) would be matched by the Foundation. The eight organizations raised approximately $317,000 prior to the June 8 deadline making them eligible for more than $233,000 in matching grants from the Foundation. Collectively, the 24 organizations have generated more than $10 million in revenue to date from their ventures.
