Earlier this year, the Interfaith Family Shelter was proactively selected by the Puget Sound Energy Foundation (PSEF) as the recipient of a trust-based philanthropy program.
Among a handful of other regional nonprofits, Interfaith was recognized as an “exceptional nonprofit organization leading the way in the prevention and elimination of homelessness throughout PSE’s 10-county service area.”
This unique philanthropic approach focuses on an organization’s core aspirations, principles, and best practices. It reflects PSE’s commitment to help local communities and support programs that benefit those experiencing homelessness by providing pathways to home ownership.
Unlike competitive grants, trust-based philanthropy involves an in-depth examination of carefully pre-selected candidates: a detailed analysis of their history, reputation, governance and leadership, vision and strategy, communications with community stakeholders, resiliency, and social equity all factor into this thorough assessment.
“We hope this trust-based philanthropy model inspires nonprofit organizations who are working diligently in this sector to know that they have the trust and confidence of funders like the PSE Foundation to continue their great work. We view this as the beginning of a fruitful partnership,” says Karlee Deatherage, Senior Community Engagement Representative at Puget Sound Energy.
“On behalf of PSE and the PSE Foundation, I look forward to supporting the vital work Interfaith Family Shelter does for our community members in Snohomish County without stable housing.”
The $25,000 unrestricted grant has been allocated to Interfaith Family Shelter’s ongoing Capital Campaign to purchase the Family Shelter, and enable us to continue serving families in our community in the years ahead.
We are deeply grateful to PSEF for their confidence in our programs and track record.
And we applaud PSE’s commitment to support programs that help families break the cycle of homelessness!