Historic Spanish Point To Receive Match from The Patterson Foundation to Benefit On-Site Events Program

The organization is participating in The Patterson Foundation’s Margin & Mission Ignition initiative to implement earned-income strategies that strengthen mission impact

SARASOTA, Fla. (12/29/2016) – Historic Spanish Point will receive a match from The Patterson Foundation to jumpstart its efforts to implement an entrepreneurial earned-income plan focused on strengthening its mission impact in the region by extending the organization’s capacity to host on-site events.

Funds contributed to the organization by Jan. 31, 2017, will be matched dollar for dollar by The Patterson Foundation up to 50 percent of its startup/growth capital requirement –up to $50,000. So far, Historic Spanish Point has raised nearly $54,000 including the Patterson Foundation’s match. In order to fully fund the project, Historic Spanish Point still needs to raise $13,000 from philanthropic investors. Pledges, in-kind contributions and debt funding will not be matched.

The earned-income plan was developed during Historic Spanish Point’s participation in Margin & Mission Ignition, an initiative of The Patterson Foundation designed to embed long-term earned-income strategies and models within nonprofits in our region. Historic Spanish Point is one of five nonprofits participating in the 18-month planning and implementation process. The organization is receiving extensive consultation on revenue-generating strategies from No Margin, No Mission, a social enterprise and national consulting firm engaged by The Patterson Foundation on this initiative.

“Historic Spanish Point has hosted many memorable special events over the years, ” said John Mason, Executive Director of Historic Spanish Point. “With the assistance of philanthropic investors and The Patterson Foundation’s generous matching assistance, we look forward to substantial expansion of our ability to host more and larger events.”

Funds raised will be used for staffing, marketing, technology upgrades and capital improvements to extend the capacity of Historic Spanish Point to host on-site events. This includes the many public festivals held on the site throughout the year, as well as the site-rental program for weddings and other private events.

The organization shared its earned-income plan with potential investors during a recent fast-pitch-style event presented by The Patterson Foundation. Beyond the match challenge, The Patterson Foundation is investing $44,000 in efforts to help  Historic Spanish Point develop its earned-income strategies. With the success of the match, The Patterson Foundation will have contributed $750,000 benefiting more than a dozen nonprofit organizations over the past two years through the Margin & Mission Ignition initiative.

“The plans developed by each organization come after months of rigorous discernment to adopt earned-income strategies that align with their mission, capacity and culture,” said Debra Jacobs, president and CEO of The Patterson Foundation. “Early mission investors can double their impact with this match.”

Visit thepattersonfoundation.org to learn more about The Patterson Foundation’s Margin & Mission Ignition initiative or join the conversation using #TPFMarginMission on social media.

 To contribute or learn how you can help Historic Spanish Point meet their goal, please contact John Mason, Executive Director, by calling (941) 966-5214 or emailing:  john.mason@historicspanishpoint.org