LOOKING FORWARD TO 2023 NEW FUND STRATEGY
African visionary leaders are driving impact and The African Visionary Fund is laser-focused on shifting capital and decision-making systems change across the continent, undeterred by power to African-led organizations that, despite being best positioned to deliver being chronically overlooked and underfunded by innovative and cost-effective impact, are chronically underfunded when compared to Western philanthropy. At the African Visionary Fund, their foreign-led peers. Our founding goal was to raise $10M in three years to fund and we believe sustainable organizations enable locally-led organizations on the continent. Over that the last three years, we haveare built by empowering and supporting the knowledge and sown the seeds necessary to catalyze widespread systemic change in how funders view innovativeBut qualities thatisAfrican visionary and fund visionary African-founded and led organizations. the work far from being leaders possess. done.
Our Visionary next fundFund will be dedicated to continuing our mission and realizing our vision on amodel that In 2023, we will design a Portfolio Services The African is laser-focused on larger scale. In 2023, we will undergo a visioning and strategy exercise where we dream is grounded in our values of equity and collaboration shifting capital and decision-making power to and scheme about shifting more resources and power and putsto thelocally-led needs andAfrican insightsorganiz of our visionary African-led organizations that, despite being best tions. Dubbed internally as the “2024 and Beyond” Strategy, we are committed toThe core partners above our own assumptions. positioned to deliver innovative and cost-effective ensuring that the fund evolves, our team grows, and our programs expand with equity principles of the strategy will reflect the work we have impact, are chronically underfunded when at the center. been doing to support our partners: compared to their fo eign-led peers. Our founding goal was to raise $10M in three years to fund and enable locally-led organizations on the continent. Over the last three years, we have sown the seeds necessary to catalyze African visionarywidespread leaders aresystemic driving impact and systems change across the continent, change undeterred in how funders view fund visio ary by being and chronically overlooked and underfunded by Western philanthropy. African-founded and led organizations. But the At the African Visionary Fund, we believe that sustainable organizations are built by work is far from done. the knowledge and innovative qualities that African empowering andbeing supporting visionary leaders possess. Our next fund will be dedicated to continuing our mission and realizing our design vision on a larger Services scale. In model that is grounded in our values of equity In 2023, we will a Portfolio and puts the needs and insights of our visionary partners above our 2023, weand willcollaboration undergo a visioning and strategy assumptions. principles exerciseown where we dream The andcore scheme aboutof the strategy will reflect the work we have been doingresources to support our partners: shifting more and power to locally-led We ADOPT equity-centered methodologies African organiz tions. Dubbed internally as the We HELP partners when we’re asked “2024 and Beyond” Strategy, we are committed to We LEAN into trust-based philanthropy, ensuring that the fund evolves, our team grows, and our approach will be ever-evolving and and our programs expand with equity at the experimental by design center.
BESPOKE PORTFOLIO SERVICES STRATEGY We ADOPT equity-centered
methodologies We HELP partners when we’re asked We LEAN into trust-based philanthropy, and our approach will be everevolving and experimental by design
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