Blue Meridian Partners (A): Scaling for Impact
In 2018, Edna McConnell Clark Foundation in a bold move transferred all its assets to a fund pooled with other General Partners and Limited Partners, called Blue Meridian Partners, to focus substantial long range investments in a few carefully chosen nonprofits. The fund was intended to find proven, scalable solutions to problems that trapped America's young people in poverty. In addition to discussing the merits and demerits of this new approach to philanthropy, the case poses questions on two particular investments (Youth Villages and Nurse Family Partners) and whether they should receive the next tranche of investments. The (B) case, situated in 2020, describes the many quick decisions taken by the fund in response to the COVID-19 pandemic and the calls for social justice, and raises the question of whether and how these decisions are aligned with the long range strategy of the fund.