The Guggenheim Network for Social Innovation (NSI) is an award-winning program that supports early-stage nonprofits using innovative solutions to solve enduring social problems. The program provides these organizations an initial philanthropic investment of $100,000, as well as “creative capital”—Guggenheim employees’ time, talent, and networks—to help achieve transformative and lasting social impact.
Guggenheim Corporate and Social Responsibility (CSR) founded the program of strategic venture philanthropy investments in 2016, with the objective of supporting early-stage nonprofits whose goals mirror Guggenheim’s emphasis on innovative solutions. This venture philanthropy strategy was built on the premise that Guggenheim can drive greater financial and advisory impact by partnering with young organizations that have not yet built the track record of success typically required for more institutional sources of support. Thus, the Network for Social Innovation program fills a crucial gap in the funding pipeline for nonprofits.
The selection process starts with a request for applications from nonprofits from around the world. Guggenheim employees then donate their time to evaluate applications, filtering hundreds of applications into a shortlist of 10 finalists. Those finalists then complete a secondary application, after which the CSR Team and Committee engage in thorough due diligence that encompasses on-site visits, interviews with management, comprehensive financial analyses, and more. The process, which takes six months, results in a cohort of NSI partners, each of which addresses a distinct societal need.
NSI includes access to senior leaders, Brain Trusts, external experts, community-building events, and more through its annual Impact Lab, a two-day workshop through which Guggenheim can provide customized support to help propel the Network for Social Innovation partners to greater scale and impact.
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Guggenheim Investments represents the following affiliated investment management businesses of Guggenheim Partners, LLC: Guggenheim Partners Investment Management, LLC, Security Investors, LLC, Guggenheim Funds Distributors, LLC, Guggenheim Funds Investment Advisors, LLC, Guggenheim Partners Advisors, LLC, Guggenheim Corporate Funding, LLC, Guggenheim Partners Europe Limited, Guggenheim Partners Japan Limited, and GS GAMMA Advisors, LLC.
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