The Wells Fargo Regional Foundation has a well-established continuum of grantmaking and technical-assistance programs designed to improve the quality of life for children and families living in low-income communities in eastern Pennsylvania, Delaware, and New Jersey. The foundation's decade long focus on neighborhood revitalization has helped to shape a resident-driven, collaborative, long-term, and data-informed approach designed to make neighborhoods more attractive for large-scale investment. In 2014, the foundation engaged The Reinvestment Fund and Success Measures at NeighborWorks America to jointly evaluate the impact of its grantmaking and related programs from 2003 to 2013, to determine if practices in its approach could be transferred to other regions, and to assess its influence in the field. The evaluation examined lessons from 140 grants, totaling $41.69 million, that enabled hundreds of projects in the region and leveraged $231.5 million in direct and indirect neighborhood investment. Based on the findings of the evaluation, the foundation reaffirmed its mission, revised certain aspects of its Neighborhood Grants Program, and in a new strategic plan further defined and enhanced its opportunities for collaboration and shared learning within the funding community.
Copyright 2015 The Foundation Review.
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