How Propel Capital is Charting New Paths For Venture Philanthropy in Progressive Organizing
Last week, the fund launched Propel Democracy, a new $5 million effort that seeks 'to catalyze investment in local organizing strategies that build progressive political power in states of critical electoral importance.'
The fund has invested $1 million this year and will spend an additional $2 million in 2018. The fund will move quickly to support partners leading up to the crucial 2018 mid-term election, which will determine party control of Congress and the 2020 presidential contest.
Propel Capital isn’t the only example of an equity-minded funder that’s lately swung behind edgier approaches, as we’ve been reporting. Other newcomers to progressive organizing have also supported grassroots advocacy and movement building with a strong sense of urgency. In fact, as Williams tells it, there’s not a moment to lose—donors need to act now to capitalize on the momentum that’s been building during Trump’s first year in office...