On Thursday, September 28, 2023, STRIVE announced a historic $8 million in unrestricted funding from MacKenzie Scott whose highly coveted and validating support will allow STRIVE to significantly expand national impact and advance our vision of a more equitable and inclusive economy and society.
Ms. Scott’s support arrives at a turning point for STRIVE as we embark on an ambitious growth plan that includes an increase in the annual budget from $14 million in 2023 to $20 million by 2025 to deepen our programs in existing locations, expand into new markets and secure long-term financial strength with the goal of increasing the number of people served from 2,000 to 10,000 annually by 2033.
This affirming gift comes on the heels of a $5 million gift from The Justice and Mobility Fund to drive STRIVE’s growth deeper into the most disconnected communities of our nation including the justice impacted. The Justice and Mobility Fund is a collaboration launched by The Ford Foundation, Blue Meridian Partners and Charles and Lynn Schusterman Family Philanthropies.
“We are so grateful and humbled at STRIVE to earn MacKenzie Scott’s meaningful support,” said Phil Weinberg, President & CEO of STRIVE. “This investment is a testimony to STRIVE’s proven impact and our vision to significantly scale-up our evidence-based workforce services. I’m deeply proud of our team at STRIVE and grateful to our board and many partners who share our strong belief in creating pathways to economic mobility for everyone in our country.”
Through her groundbreaking approach to philanthropy with Yield Giving, Ms. Scott has committed to giving away significant portions of her fortune as unrestricted funding to carefully vetted non-profits that impact underserved communities. STRIVE serves people navigating some of the most difficult societal barriers to employment: 92% are BIPOC, 78% are dependent on public services and 44% are justice impacted. Through comprehensive professional training, intensive personal support, career coaching and life-time services for graduates STRIVE is proud to hold an 80% graduation rate, a 75% job placement rate and a 70% job retention rate.
“I have the utmost admiration for how Ms. Scott is using her unique position to improve the lives of millions of people across our country,” said Roy Castro, CEO of Castro Ventures, who is a STRIVE ‘03 Graduate and serves as Co-Chair of the Board. "STRIVE helped me beat the odds when I was caught up in a system designed for me to fail. With support from audacious funders like Ms. Scott, there is no limit to what STRIVE can do for people fighting to break free from the cycle of generational poverty. This money is going to do so much good for so many, just watch.”
“MacKenzie Scott’s support highlights what so many of us have known to be true for years—STRIVE works and is worth bold investment,” said Brian Friedman, President, Jefferies Financial Group Inc. and STRIVE Board Co-Chair. “Economic mobility is essential for everyone and STRIVE is a lynchpin in making it happen for those who have a tougher road. With support from The Justice and Mobility Fund, and now Ms. Scott, we are well-fueled to expand our reach into more communities in need, driving forward the vision we share with our local partners. This is a solid start, with much more needed to carry us through to meet society’s needs. I know we will get there.”
STRIVE is a national workforce development leader that for nearly 40 years has successfully provided services to populations facing significant societal barriers to employment. STRIVE’s proven program model moves students into careers that lead to upward mobility and economic empowerment. Headquartered in East Harlem, New York and with operations in 14 locations, STRIVE has helped more than 85,000 graduates prepare for career success through employment programs geared toward adults of all ages, including those with involvement in the justice system. The impact extends from STRIVE graduates to their families, friends, and communities.