Apollo is sharing its private-equity playbook with nonprofits
The private equity giant just hosted its biennial Apollo Opportunity Foundation summit for nonprofit leaders.
Apollo Global Management is providing its private-equity playbook to 28 nonprofit organizations, including access to experts, leadership training, and a network. The foundation, launched in 2022, has provided over $13 million in grants and committed $100 million over the next decade. The biennial summit, where grantee leaders met with Apollo executives, discussed topics such as the labor market and making high-stakes decisions.
Apollo's deal team, consisting of five to 10 employees, works with each nonprofit to provide pro-bono projects, board opportunities, and strategic advice. The support extends beyond funding, addressing challenges such as fundraising skills, succession planning, and organizational restructuring. Jane Veron of Acceleration Project and Reuben Ogbonna II of The Marcy Lab School shared specific examples of how Apollo's assistance has benefited their organizations, emphasizing the value of hands-on support rather than just financial contributions.
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