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click here to download a .pdf (2,550kb) of our Prospectus
VisionSpring is forever indebted to the visionary institutions and individuals who have helped us build our organization and affect the change that we have made to date. In the next phase of our life cycle, we intend to scale our intervention from reaching tens of thousands to reaching millions of people each year.
We take pride in being at the forefront of innovations, both in our work on the ground and in the way we build our organization itself. Today, many social enterprises are asking themselves what the next steps are in innovative philanthropy. We are VisionSpring are no exception. Every day, we ask ourselves the tough questions about how to be more effective as an organization and how to ensure that we are building our organization to last. To take a page from our partner, the Non-Profit Finance Fund:
"'How many $10,000 checks will I have to ask for? How many hundreds of fundraising meetings will it take to get the $10 million I need to launch this social enterprise?'
This is the sound of a nonprofit that is starved for 'patient capital': the money that pays the bills while an organization learns to fend for itself. With ample patient capital in hand, an organization is able to work backwards from what it takes to thrive. Without it, the organization risks falling into an endless cycle of disruptive hand-to-mouth fundraising.
In the for-profit world, equity investors fill the patient capital role. But what about the nonprofit sector, where there is no such thing as an equity investor?"*
For VisionSpring, the answer is that forward-thinking non-profits -- whose business plans have proven and sustainable track records -- can emulate the private sector, raising equity-like growth capital through a syndicate of philanthropic investors and, simultaneously, yielding a revenue stream to fund the organization in perpetuity.
By raising $5 million** in growth capital, over the next five years VisionSpring will:
- Facilitate the sale to its target market of 646,000 pairs of eyeglasses.
- Create livelihoods for the approximately 5,200 Vision Entrepreneurs whom VisionSpring will train.
- Generate $153 million of economic benefit for VisionSpring's customers, yielding a greater than 31X Social Return on Investment (SROI) on the $5 million growth capital investment.
*From "Patient Capital: The Next Step Forward?" http://www.nonprofitfinancefund.org/docs/Patient%20Capital%20Final.pdf
** Please note that the five $1 million units are divisible into half or quarter units, making the minimum investment $250,000.
Contact Us
For more information about our prospectus, please contact:
Miriam Stone
Director of Business Development
+1 212 375 2599 x6
mstone@visionspring.org
