United Way of
Massachusetts Bay
PEVC-Provides-Unique-Expertise-to-Help-Families-in-Need

Year in Impact: Private Equity/Venture Capital Community Provides Unique Expertise to Help Families in Need

United Way’s relationship with the PE/VC Community spans more than a quarter century and is marked by extremely generous financial support, but also by a deep, hands-on commitment to interacting with the community in a way that makes United Way and our agency partners much more effective.

2017 was no exception. In fact, members of the PE/VC community came together in even greater numbers than last year – lending their consulting, analytical and financial expertise to multiple programs in our footprint.

  • DRIVE Initiative: PE/VC Leadership Council raised $500,000 in funding and also acted as strategic advisers on program strategy and marketing, leading to a $50,000 grant from the Hogan Foundation.
  • North Shore AmeriCorps Program: a team from Berkshire Partners worked directly with Corps members on data collection and program analysis, providing mentorship on Excel, PowerPoint, and public speaking.
  • United Way’s RFP Grant Review: Advent International hosted a grant review session to conduct a high level compliance review of six organizations applying for funding in United Way’s early education impact area.
  • Shared Services of MA Initiative: a team from Summit Partners, Bain Capital, and Parthenon Capital built a budget tracking system for early education providers and helped prepare the initiative pitch deck.
  • Youth Venture: PE/VC Associate Council raised almost $25,000 in seed funding, created and led professional development workshops, acted as team mentors, and served as pitch day panelists.
  • Thanksgiving Project: families and teams from Berkshire Partners, DDJ Capital Management, Falcon Investment Advisors, Bain Capital, and Thomas H. Lee Partners packed meals, loaded trucks, and distributed meals.
  • Pay-For-Success Initiative to End Chronic Homelessness: individuals from Berkshire Partners and Bain Capital partnered to champion this innovative program through its second year of success.
  • Community Care Days: HarbourVest Partners conducted two full days of service through United Way, sending almost 100 volunteers into the community for hands-on projects.
    Through these and countless other community initiatives, the PE/VC community contributed
    over 820 hours of hands-on volunteer work and over 210 hours of strategic consulting.

For more information on upcoming opportunities with United Way and the private equity and venture capital industry, please contact Jessica Igoe at jigoe@supportunitedway.org.