Yale School of Management - The Goldman Sachs Foundation Partnership on Nonprofit Ventures Announces National Business Plan Competition Results 464 Nonprofit Organizations Enter Competition; 90 Are Selected to Round II

New Haven, Conn., October 20, 2004 – “The Yale School of Management - The Goldman Sachs Foundation Partnership on Nonprofit Ventures” today announced its selection of 90 nonprofit organizations to proceed to Round II of the Third National Business Plan Competition for Nonprofit Organizations.

The Partnership on Nonprofit Ventures received 464 applications from nearly every state in the country and all types of organizations both large and small: 46 percent are running service-related businesses, 25 percent product-related businesses, 18 percent are running some combination of the two, and 11 percent are operating some other type of business. Among them, 64 percent are in the planning stage of development and 36 percent are in the early stage of operations.

The 90 selected nonprofits will submit working drafts of their business plans later this year. In February 2005, 20 finalists will be selected to present their business plans to a panel of expert judges at the Third Annual Conference and Awards Ceremony to be held on June 9-10, 2005, at the Hyatt Regency in Jersey City, New Jersey. The judging panel will select four grand-prize winners, each of whom will receive $100,000 and four semi-finalists, each of whom will receive $25,000. In addition to cash awards, the winners will receive hundreds of hours of technical business planning consultations to assist their organizations in implementing their ventures.

Commenting on the growth of nonprofit enterprise nationwide, Yale School of Management Professor Sharon M. Oster, a leading authority on competitive strategy and nonprofit management, and co-faculty director of The Partnership, remarked, “In this third year of running the Competition, it’s clear that interest and activity in nonprofit enterprise is on an upward trajectory, and that nonprofits and funders alike are viewing The Partnership’s Business Plan Competition as a key motivator and resource.”

Stanley J. Garstka, Deputy Dean of the Yale School of Management, who serves as the co-faculty director of The Partnership added, “It's very exciting to see ventures from the First Competition mature into functioning and profitable businesses, and those from the Second Competition begin to roll out their strategies. Many of these award recipients have told us the value of their participation in the Competition, as have the 20 percent of this year’s entrants who honed their business plans and came back to the Third Competition for more feedback and a chance to win financial awards and consulting services.”

American Red Cross Northeast Florida, http://www.nefloridaredcross.org/
American YouthWorks, http://www.americanyouthworks.org/
Amos House, http://www.amoshouse.com/
Arc of Greater New Orleans, http://www.arcgno.org/ 
Arena Stage, http://www.arenastage.org/
Blue Planet Run Foundation, http://www.blueplanetrun.org/ 
Boys & Girls Clubs of Greater San Diego, http://www.sdyouth.org/ 
Brooklyn AIDS Task Force, http://www.batf.net/
Caroline Center, http://www.caroline-center.org/
CASA of Maryland, Inc., http://www.casademaryland.org/ 
Center for Creative Play, http://www.centerforcreativeplay.org/ 
Center for Employment Opportunities, http://www.ceoworks.org/ 
Ceres, Inc, http://www.ceres.org/
City Harvest, Inc., http://www.cityharvest.org/ 
Common Ground Community, http://www.commonground.org/ 
Community Catalyst, Inc., http://www.realbenefits.org 
Community Gatepath, http://www.Communitygatepath.com/ 
Crisis Support Services of Alameda County, http://www.crisissupport.org/ 
EcoLogic Finance, http://www.ecologicfinance.org/
Ecology Center, http://www.ecologycenter.org/
Ecotrust, http://www.ecotrust.org/
Educational Broadcasting Corporation, http://www.thirteen.org/ 
Fifth Avenue Committee, Inc., http://www.fifthave.org/
First Book, http://www.FBMarketplace.org/
Fraser, http://www.fraser.org/
Georgia Center for Nonprofits, http://www.gcn.org/ 
Golden Gate Community, Inc., http://www.ggci.org/ 
Goodwill Industries of Greater Detroit, http://www.goodwilldetroit.org/ 
Habilitative Systems, Inc., http://www.habilitative.org/
Habitat for Humanity South Bay/Long Beach, http://www.habitatlb.org/ 
Haley House, http://www.haleyhouse.org/
Harlem Congregations for Community Improvement, Inc., http://www.hcci.org/ 
Hope Chest for Breast Cancer, http://www.hopechestforbreastcancer.org/
Housing Partnership Network, http://www.housingpartnership.net/
Hudson Community Enterprises, http://www.hudsoncommunity.org/ 
Indianapolis Symphony Orchestra, http://www.indianapolissymphony.org/ 
InspiriTec, Inc., http://www.inspiritec.org/
Interseminarian-Project Place, Inc., http://www.projectplace.org/ 
J. M. Murray Center, Inc., http://www.jmmurray.com/
Jewish Family & Children's Service, http://www.jfcs-stl.org/ 
JFYNetWorks, http://www.jfyboston.org/
Lee Pesky Learning Center, http://www.lplearningcenter.org/ 
Lesbian and Gay Community Services Center, http://www.gaycenter.org/ 
Macon Area Habitat for Humanity, http://www.maconhabitat.org/
Mercado Global, http://www.mercadoglobal.org/
Metropolitan Council on Jewish Poverty (Met Council), http://www.metcouncil.org/
National Center for Family Philanthropy, http://www.ncfp.org/ 
Neighborhood Coalition for Shelter, Inc., http://www.ncsinc.org/ 
Neighborhood House Charter School, http://www.psinnovation.org/ 
Neighborhood Parks Council, http://www.parkscansf.org/
New England Adolescent Research Institute, Inc., http://www.neari.com/ 
New England Heritage Breeds Conservancy, http://www.nehbc.org/
New Jersey Performing Arts Center, http://www.njpac.org/
New Sector Alliance, http://www.newsector.org/
Nonprofit Center of Milwaukee, Inc., http://www.nonprofitcentermilwaukee.org/ 
North Bennet Street School, http://www.nbss.org/
Northwest Maritime Center, http://www.nwmaritime.org/ 
NPower NY, http://www.npowerny.org/
NU-BLEND Paints, Inc.,
Per Scholas, http://www.perscholas.org/
Planned Parenthood of Delaware, http://www.ppdel.org/ 
Points of Light Foundation, http://www.missionfish.org/
PowerCommunicators, Inc., http://www.prattarea.org/
Pratt Area Community Council, http://www.prattarea.org 
Price Tower Arts Center, http://www.innatpricetower.com/ 
Project Open Hand/Atlanta, http://www.projectopenhand.org/ 
Redmoon Theater, http://www.redmoon.org/
Relief Nursery, Inc., http://www.reliefnursery.org/ 
Remarkable Docs, Inc., http://www.remarkabledocs.org/ 
Rhizome.org, http://www.rhizome.org/
Richmond LISC, http://www.richmondlisc.org/ 
San Diego Capital Collaborative, http://www.capitalcollaborative.com
Scholarship Foundation of St. Louis, http://www.sfstl.org/
Seguin Services, Inc., http://www.seguin.org/
Senior Services of Seattle/King County, http://www.seniorservices.org/ 
South Mobile County Education Foundation, http://www.mcpss.com/
Tennessee Williams Theatre, http://www.tennesseewilliamstheatre.com/ 
Transitional Work Corporation, http://www.transitionalwork.org/ Trenton Downtown Association, http://www.trenton-downtown.com/ 
United Way of America, http://national.unitedway.org
Universal Giving, http://www.universalgiving.org/
Vehicles for Change Inc., http://www.vehiclesforchange.org/
Wai`anae Community Re-Development Corporation,
Water Missions International, http://www.watermissions.org/ 
Westchester ARC, the Westchester County Chapter of NYSARC, http://www.westchesterarc.org/
WITNESS, http://www.witness.org/ 
Women's Technology Cluster, http://www.wtc-sf.org/ 
Women's Transition Project, http://www.bellezagallery.org/ 
York County Blind Center, http://www.forsight.org/
Youth Noise, http://www.youthnoise.com/


About The Partnership on Nonprofit Ventures

The Partnership on Nonprofit Ventures was funded through combined grants totaling $6 million made by The Goldman Sachs Foundation and The Pew Charitable Trusts. The Yale School of Management - The Goldman Sachs Foundation Partnership on Nonprofit Ventures educates nonprofits about nonprofit enterprise, serves as a mechanism for capitalizing promising profit-making ventures with financial support, and provides intellectual capital to build the practice of social entrepreneurship in the nonprofit sector at-large. As its signature event, The Partnership runs the National Business Plan Competition for Nonprofit Organizations. The Partnership maintains a comprehensive online Resource Center with current research, articles, and discussion boards on the subject of nonprofit enterprise and social entrepreneurship.

About The Yale School of Management

The mission of the Yale School of Management is to educate leaders for business and society. The school prides itself on preparing men and women to combine rigorous business skills with a broader appreciation for the economic, social, and political factors that shape the global environment. The Partnership on Nonprofit Ventures brings together three strands of the Yale School of Management’s teachings-entrepreneurship, business skills, and social responsibility-to nonprofit organizations, infusing its program with the philosophy that superb business and management skills are a critical ingredient for leadership in every sector of the economy - private, public, and nonprofit. Since 1993, the Yale School of Management has been consistently rated #1 in Nonprofit Management among the nation’s graduate management programs by U.S. News and World Report.

About The Goldman Sachs Foundation

The Goldman Sachs Foundation is a global philanthropic organization funded by The Goldman Sachs Group, Inc. The Foundation’s mission is to promote excellence and innovation in education and to improve the academic performance and lifelong productivity of young people worldwide. It achieves this mission through a combination of strategic partnerships, grants, loans, private sector investments, and the deployment of professional talent from Goldman Sachs. Funded in 1999, the Foundation has awarded grants in excess of $43 million since its inception, providing opportunities for young people in more than 20 countries.

About The Pew Charitable Trusts

The Pew Charitable Trusts serve the public interest by providing information, policy solutions and support for civic life. Based in Philadelphia, with an office in Washington, D.C., the Trusts make investments to provide organizations and citizens with fact-based research and practical solutions for challenging issues. In 2003, with approximately $4.1 billion in dedicated assets, the Trusts committed more than $143 million to 151 nonprofit organizations. For more information, visit http://www.pewtrusts.org.