April 2015
In This Issue
Impact's Budget
Member Profile
Annual Meeting Countdown
Grantee News
Save the Dates

Want to make sure that your philanthropic dollars will make a meaningful improvement in the lives of others?

April 22nd, 7-9pm
Reed Smith, Logan Square, Phila.

Katherina Rosqueta, Founding Executive Director of the University of Pennsylvania's Center for High Impact Philanthropy

Katherina has an extensive background in corporate consulting, community development, nonprofit management and venture philanthropy
~    ~    ~
Monday, June 1, 2015


Moving beyond one million, giving as one 





The Impact100 grant process that began in January with volunteers reviewing 178 Letters of Inquiry has moved steadily forward over the past three months.  Throughout February, the 175 members participating on FACs reviewed the 50 organizations invited to submit full proposals.


In March, the FACs met again to discuss the merits of the proposals and selected 23 organizations to receive site visits. Now in April, the grant process moves into the final phase of review. Site visits began on March 25th and continue throughout the month of April. The final FAC meetings occur in early May, when members will report on site visits, discuss proposed projects and select five finalists, one from each Focus Area, to present at the Annual Meeting on June 1.   


Throughout the grant process, ten women on the Financial Review Panel (FRP) are providing support to FAC members by evaluating applicants' fiscal stability and capacity to implement their proposed projects.


We're looking forward to a great annual meeting - read on for more details! 



Carrie Brodsky and Emily V. Biscardi


Can't Wait for the Newsletter?Keep Up with Impact100 on 
Social Media 

Like us on Facebook. Follow us on Twitter. We'll point out things that may be of interest, provide helpful reminders of upcoming events and keep you posted on activities throughout the year.


Impact100 Budget Questions Answered


Members often ask two questions of Impact100:


How does a volunteer board run our organization so efficiently and professionally? 


The answer is really three-fold:  We have good bones. The nine women on Impact's founding board gave tremendous thought and energy to creating an organization with strong philosophical values that would respond to the needs of both women members and the nonprofit community.   Second, Impact is a truly collaborative organization. Members generously commit their time and expertise to leadership positions on the board, discrete tasks that keep the organization running smoothly and lengthy projects that unfold over an extended period of time. Finally, this year, Impact100 has its first paid administrative consultant, and this has allowed board members more time to think and plan strategically. The administrative role provides cohesiveness and institutional knowledge in an organization where all board members have term limits.  Impact100 Philadelphia is still very much a volunteer-run organization, and this is possible because of thoughtful founders and a committed membership.


How much does it cost to run Impact100 each year?   


This is a great question! Membership in Impact100 is a $1000 commitment for every woman and 100% of that contribution goes directly to fund grants awarded to area nonprofits.  Yet, Impact100 does require funds to support business operations and run programs in an efficient and cost-effective manner.  Significant expenses are associated with grant-making, compliance and programming for members. Impact covers these costs through voluntary operating contributions from members and friends, company matching contributions, and in-kind donations.  Some years, these contributions provide some cushion for future years; in other years, our operating revenue just covers our annual expenses.


In 2014, Impact100 Philadelphia's $33,242 in operational expenses broken down as follows:


2014 Expenses

Accounting, Insurance and Legal
$   3,998
Website Technology and Support $   4,988
Annual Meeting $  15,772
Member Events, FAC Meetings and Educational Sessions $    5,448
Transaction Processing Fees $    1,706
Other Expenses $    1,330



For the 2015 grant year, Impact is budgeting three significant increases: One is to cover the cost of ongoing administrative support. The second is to support the highly successful Founders Fellowship program. Third, Impact has contracted with a consultant for our website maintenance and updates. 


As an organization committed to transparency, Impact100 welcomes questions from the membership regarding our operations including our expenses. Questions can be directed to any of our Board members or to


Member Profile

Sara McCormick

What is your background (professional and/or personal)?


I am a commercial real estate lawyer in Philadelphia. I recently moved from a very large firm to a small Center City boutique firm. I am originally from State College, PA, and moved to Philadelphia in 2008 for work. I live in South Kensington with my boyfriend, Matt, our cat Ike, and our dogs Bebe and Lily. I've grown to love Philadelphia, and plan on staying! 


How did you learn about Impact100 and why did you decide to join? 


I learned about Impact100 through a member, and then attended an event where I heard recent Impact100 recipients speak about the impact grant funding had on their organizations. I had previously given money to organizations but never knew what kind of impact my giving was having, and never really felt that I had any say in the matter. Joining Impact100 was a no-brainer. I could give in a way that I was confident would have a real impact on a local organization, and I could be involved to whatever degree I wanted or am able in the membership experience.


What have you most enjoyed about your Impact100 membership experience, or, what has been the biggest surprise? 


I just really love learning about the different local organizations, what they're up to, and hearing how our collective giving makes an impact on their organizations and the causes they serve. It is really awesome to know that we can make a difference! 


Annual Meeting Countdown


May 1


Annual Meeting invitation is emailed to members.


May 18


Proposals and executive summaries are shared with members, along with absentee ballots and voting information for those who cannot attend the Annual Meeting.


May 25  


Deadline to register for the Annual Meeting.


May 29   


Deadline for absentee ballots.


June 1


Annual Meeting at the Crystal Tea Room in Philadelphia, 6 to 9 pm. 
The 2015 grant recipients are determined by a vote of the membership, and are announced to the broader community. 



Grantee News

Between Scrabble tournaments, debate events and defeating Mayor
Nutter at chess, the After School Activities Partnership has been busy! ASAP kids will participate in two upcoming chess events . On April 18 from 8:45AM to 5:30PM, young chess masters are invited to Haverford College for the Haverford Chess Tournament, featuring high school players from all over the Philadelphia region. Then, there is an all girls event at the Free Library of Philadelphia on April 25 from 10:30AM-12:30PM. 

In the meantime, they look forward to their end of the year Scrabble tournament on June 4 at the Independence Seaport Museum in Philadelphia. You can help name this event on the ASAP Facebook page  Current suggestions are Navigating Literacy , Words on Waves or Scrabble on the Sea

Don't forget the ArtWell Festival! The event will be on May 31 at Oxford Mills, 100 West Oxford Street, from 1:00 - 5:00PM. More information is available at:


Neighborhood Bike Works recently posted a video about their 
work with young people in Philadelphia. It was produced by The PHILO Project, which is a local organization that creates professional quality videos for Philadelphia area nonprofits at no charge. Check it out by clicking on the photo!



Quick Links
Impact100 Philadelphia Leadership 2014-15
                           Sue Dubow & Jacquie Stern
Vice President                           Mary Grace Tighe  

Secretary                                   Holly Harrity

Treasurer                                   Susan Hollenstein

Communications                      Sarah Peterson 

Grants                                        Carrie Brodsky & Emily Biscardi

Membership                              Jackie Demby Greenberg & Kate Carp

Programs                                   Claudie Williams & Sue Sukonik

Webmaster                                Karen Nathan