The Accelerator Fund
The Accelerator Fund was seeded by Dallas Foundation donors Darwin and Myra Smith, who had a desire and resources to establish a field of interest fund beyond their existing donor advised fund, scholarship fund, and planned gift.
The Smiths worked closely with the Foundation's Development, Donor Services, and Community Philanthropy teams to identify current gaps in funding. The couple specifically asked the Foundation's staff what focus area, in particular, we would chooose and agreed to support our recommendation, both philosophically and financially.
Based on the Foundation's day-to-day work alongside our grantees, we suggested that the greatest impact on agencies-and ultimately the entire nonprofit sector-would result from investments in projects that enhance nonprofit organizational capacity.
Funding will focus on nonprofit infrastructure needs, such as, but not limited to:
Grants from The Accelerator Fund
At this time grants applications are by invitation only.
Investing in The Accelerator Fund
One of the Smiths' top priorities is to encourage other donors to coinvest along with them and participate in the grant decision-making process. To that end, the couple issued a $100,000 challenge grant to the Foundation.The Foundation exceeded the goal, raising $124,850 by the October 31 deadline. Graciously, the Smiths increased their funding to match every dollar raised during the challenge period. The Smiths, along with donors who contributed $10,000 or more will participate in grant making decisions for the Accelerator Fund during 2019. Going forward, donors who give at the $10,000+ level may participate in decisions about grants made from the Accelerator Fund in the year(s) of their gift.
The Dallas Foundation's board of directors also demonstrated the Foundation's commitment to growing this fund by awarding $100,000 to the Accelerator Fund from our Community Impact Fund. Combined, these three funding sources-the Smiths' challenge grant, the Foundation's grant and the matching dollars-will raise a total of over $300,000.
Donations may be made from your donor advised fund or through a direct gift to the Foundation. You can also give to the Accelerator Fund directly with a charitable IRA rollover. Please contact a member of the Foundation's team with questions.