Dr. Hunter backs social entrepreneurs by offering a variety of services: (a) financial donations/grants (b) loans and (c) 501c3 fiscal sponsorship. Fellowships are available providing initial capital investment and a small stipend for living expenses.
Pay It Forward Fund
Dr. Hunter offers loans ranging from $5,000 - $250,000 to help social entrepreneurs develop and scale their ideas. As interest and principal is repaid to a 501c3, it is reinvested in other deserving organizations. This model, commonly known as a “Pay It Forward Fund” was first articulated and practiced by Benjamin Franklin. His original description of the mechanism is here.
Social Innovation Lab
Dr. Hunter is seeking applications from talented individuals actively building organizations of social impact for a four month long intense work camp in Chicago. The Social Innovation Lab provides free housing, a $10,000 grant, office space at the Chicago Innovation Exchange, mentoring by experienced professionals, introductions to industry players, and training on fundraising, accounting and finance, nonprofit management, strategy, design, marketing, brand management, and sales.
Applications are now being accepted for the Sept 2016-Jan 2017 session.
XXX provides fiscal sponsorship for small organizations or projects that are not yet recognized as tax-exempt under Internal Revenue Code Section 501(c)(3). In essence the fiscal sponsor serves as the administrative "home" of the cause. Charitable contributions are given to the fiscal sponsor, which then grants them to support the cause.