The Draper Richards Kaplan Foundation seeks to dramatically improve the lives of people and the world around us through innovative strategies, systems changing approaches, and disrupting technologies. Our goal is to find social entrepreneurs with dynamic ideas and nurture them at the early stages with maximum leverage and total commitment.
Prospects for our portfolio of social enterprises come from a vast field of compelling ideas and dedicated leaders. We concentrate our selection on the capabilities of the founder/leader, the scalability of the model, and the potential impact of the organization on the world.
We have an open application process and accept applications year round. Borrowed from our venture capital legacy we find exceptional entrepreneurs, provide them with 3 years of unrestricted capital (totaling $300,000) and provide rigorous on-going support by joining their board of directors for the 3 years and partnering with the leader to help them to build capacity in their organization and scale their impact. For for-profit organizations, we typically make program-related investments with an initial investment of $150,000 and we’ll do a subsequent investment of another $150,000 depending on the achievement of certain organizational metrics and milestones.