The Foundational Fund is Co-Impact’s first fund, which was established to advance a model of collaborative philanthropy, bringing together funders to support systems change in the foundational sectors of health, education, and economic opportunity.
This Fund provides a small set of large, long-term, flexible grants (typically US $5-20 million over a period of 5 to 6 years) and non-financial support to organizations and coalitions across Africa, Asia and Latin America. The Fund supports initiatives that have demonstrated success through an evidence-based approach to creating a more just, equitable, and inclusive world.
Through this Fund, we have convened over 40 funders from over 16 countries and pooled hundreds of millions of dollars.
Our program partners work with governments and others to improve the way systems are governed – such that ideas, expertise, evidence, policy, human and financial resources, and accountability relationships are optimized to produce and sustain results. In some cases, partners work to improve market systems so that goods and services are exchanged more efficiently, especially for women and other excluded groups.
Through this Fund, we support initiatives that:
- Focus on improving the lives of one million people or more.
- Have a clearly articulated approach to changing systems at scale.
- Are led by organizations based in the countries in Africa, Asia, and Latin America in which they seek to make a difference.
- Address gender equity and inclusion. We particularly welcome initiatives led by women.
- Have a strong track record of results.
- Use evidence-informed pathways to achieve specific outcomes in health, education, and/or economic opportunity.
We partner with:
- Locally-rooted organizations in Africa, Asia and Latin America.
- Coalitions including NGOs, community groups, researchers and private sector working with governments and/or market systems to drive evidence-informed change.
- Funders: philanthropists, foundations, multilaterals, and corporates.
