Social Venture Partners Cincinnati
has invested in seven local nonprofits since 2007, providing professional consulting and funding to enable them to enhance their impact.
This year’s recipient, ChangingGears
, will receive $60,000 over the next three years, as the nonprofit continues to further its mission of providing affordable vehicles to those working their way out of poverty.
According to Sandy Hughes, chair of SVP Cincinnati, it was ChangingGears’ vision and potential that piqued the interest of the engaged philanthropists.
“Innovation was our focus area this year, and ChangingGears’ approach to poverty in the Greater Cincinnati region is ambitious and necessary,” Hughes said. “We want to help ChangingGears bring its ideas to reality and scale.”
ChangingGears recognizes the difficulties that accompany a reliance on public transportation and believes that owning a car becomes empowering and helps individuals save time and money. For example, one can drop one’s child off at childcare, easily access the grocery store and make it out to a job that is not accessible by bus.
Therefore, the nonprofit restores cars and then sells them to clients at half-price with a zero-interest loan.
With leadership from SVP members who are experts in everything from marketing and finance to governance and management, ChangingGears will build the capacity to change more lives.
“ChangingGears is truly honored to be selected as the 2017 investee partner by Social Venture Partners,” said Joel Bokelman, ChangingGears’ president. “Both of our organizations focus on the betterment of our community and transforming the quality of lives in our region. We are ready to expand our impact with the support and expertise of SVP partners.”
• Connect with ChangingGears by liking its page on Facebook
• Connect with SVP Cincinnati on Facebook
• Learn more
about how you can become a part of SVP Cincinnati.