As founder, Shelby Schagrin explains, women who join this organization commit to do just two things:
1) Give money -- Each member promises to give $1,200 a year for five years; 90 percent goes to the charities; 10% to overhead. With over 100 women in the Fund, that's over $100k/year for five years (at least) that will be invested in the community.
2) Vote on where the money goes -- Last year over 300 proposals were presented. A committee reviewed the proposals, visited applicants and put together a final ballot of candidates. Among the nine organizations funded were Gateway to Hope, an outreach for women with breast cancer who can't afford medical treatment, and La Clinica, a prenatal healthy baby program.
Ms. Schagrin concludes her interview with the words, "Together we can do more than we can do apart."
Systergy in word and in deed.
Atta Girls Shelby Schagrin and Susan Block!
Are there any "investment" clubs like this in your community?
If not, have you thought about starting one? Possibly in Boston?
The Spirit of St. Louis Women's Fund is an example of institutionalized systergy. Any other institutions that you can think of where systergy is formalized? What about on an informal, ad hoc basis?