Transformational Partnerships Fund
Category: Education
DescriptionThe Fund is a new fund established by the ECMC Foundation and SeaChange Capital Partners along with additional founding support from Ascendium Education Group and the Kresge Foundation. It seeks to provide colleges and universities with support to explore student-centric partnerships and collaborations that could meaningfully transform how they operate and enhance their ability to provide reliable, high-quality educational opportunities for students. The Fund will consider funding partnerships in all forms ranging from mergers to shared administrative services and consolidated academic offerings. Catalytic grants of up to $100,000 per exploration will be available to help schools engage technical assistance providers knowledgeable in law, finance, governance, fundraising, human resources and/or other related fields. The Fund will also provide access to relevant resources collected from its advisors, its network, and other third parties. Eligible applicants must serve a student population that is at least 25 percent persons of color and/or where 40 percent meet the financial criteria for Pell Grant eligibility. Additional information can be found on the Web site.
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