Draper Richards Kaplan Foundation- A Grant Maker Builds a Record of Helping Nonprofits Innovate
Since Draper Richards was founded here 10 years ago by two longtime venture capitalists, it has made early bets on groups that, like Kiva, have grown quickly and shot to prominence in the nonprofit world, including Room to Read and the One Acre Fund. Its rigorous process for finding talented social entrepreneurs and nurturing them with three-year grants and extensive coaching is considered among the most successful in the United States.
Now the foundation has adopted a groundbreaking growth strategy of its own, raising $30-million from the fund’s founders and 15 new donors, including heavy hitters like Rob Kaplan, former vice chairman of Goldman Sachs Group, and Reid Hoffman, co-founder of LinkedIn. With Mr. Kaplan’s $6-million gift, the philanthropy rechristened itself to the Draper Richards Kaplan Foundation.