By Holden Wilen – Reporter, Baltimore Business Journal
A new collaboration between some of Baltimore’s most well-known foundations aims to flip the traditional grantmaking model on its head.
Organizations typically receive grants from funders who determine how they want the money to be used. With B’More Invested, community members get the primary say in determining what work gets funded.
B’More Invested is a $2.3 million pooled fund anchored by $1 million from the Open Society Institute-Baltimore and $300,000 from Baltimore’s Promise, a nonprofit that aims to address issues impacting Baltimore youths. Other foundations that provided funding included major names like the Baltimore Community Foundation, the Annie E. Casey Foundation, the France-Merrick Foundation and the T. Rowe Price Foundation, among others.