KfW Stiftung

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Corona-Krise
New round at the Impact Factory

Foundation commitment in the wake of the Corona crisis. An appeal from the Arbeitskreis Förderstiftungen

Foundations are indispensable partners for many organisations in the social, cultural, environmental or educational sectors when it comes to financing projects and services.

Now our funded organisations are directly and existentially affected by the Corona crisis. As foundations, we see it as our responsibility to support our funding partners in this exceptional situation.

We would like to express our gratitude and recognition to all our funded organisations and projects for their commitment in this difficult situation. We assure you that you can count on us as foundations:

  • We see it as our joint responsibility to support you in this crisis so that you can continue to work for your target groups during and after the epidemic.

     

  • We are open to your problems and concerns in order to find common solutions. We know that your usual working procedures have been turned upside down. Please do not hesitate to contact us if your time allows.

  • We are aware that you are currently unable to implement agreed projects and offers as planned. However, we will not reclaim promised funding, but are open to postpone projects, extend commitments and adjust activities.

  • We encourage you to find alternative formats for cancelled events or projects. Please consider what alternative ways and forms there may be. We will be happy to advise you on this - this way we can use the crisis as an opportunity together.

  • We understand if you are not able to deliver project reports in the usual quality in the current situation, and we will of course adjust deadlines and contents of due reports.

  • If disbursements are linked to certain results, goals or milestones that you cannot achieve due to the Corona crisis, we will still pay out agreed funding tranches.

  • We will check on a case-by-case basis whether we can change the earmarking of project-related subsidies or remove it altogether, in order to give you the opportunity to react flexibly to the crisis.

  • If our financial resources permit, we will make additional funding available over and above existing commitments and participate in emergency aid funds for particularly affected target groups.

  • We want to learn from this experience. We will therefore examine together with you how we as foundations can ensure that civil society organisations can better survive crisis situations in the future.

We call on other foundations, social investors and donors* to join us in this call.

The list of foundations that have signed so far can be found at

www.stiftungen.org

New round at the Impact Factory

New record of applications to the Impact Factory. 10 new teams have now officially been registered.

The increased sensitivity to social challenges caused by the corona virus crisis resulted in a new uplift for social innovations. The third cohort of the Impact Factory begins with a record number of 125 applications. "A new generation of founders is pushing into the market," says Oliver Kuschel, co-founder of Anthropia gGmbH and portfolio manager of Impact Factory. The way out of the crisis is an opportunity and a departure to new goals.

In essence, the third cohort covers the topics of problem relevance, degree of innovation, founder personality and social impact. Together with its partners, Antropia gGmbH selected 10 start-ups for the two programme phases "Create-up" and "Scale-up". In addition, 15 start-ups were included in the "Fellow" programme of the Impact Factory. The impact models essentially contribute to the Sustainable Development Goals of the United Nations.

More about the Impact Factory programme here.