Hyphen is a nonprofit intermediary powered by Panorama, specializing in the development of public-private co-investment strategies to catalyze multi-sector partnerships and collaborations. Grounded in the mission to achieve racial equity, their primary focus is to accelerate structural change and to improve material conditions of low-income communities, communities of color, and other historically underserved communities.
Since 2021, Hyphen has partnered with Panorama and utilized our fiscal sponsorship services for their operational, administrative, and grant-making needs. To date, Panorama has managed four initiatives for Hyphen through our platform which is designed to be flexible, scalable, and compatible with every partner's unique needs. This allows our partners to minimize administrative work and focus on their mission while we support their operations and infrastructure needs.
Investing in small businesses of color
Over the last year, Panorama's fiscal sponsorship team has provided the infrastructure for Hyphen to successfully incubate the Initiative for Inclusive Entrepreneurship (IIE), a $100 million national effort in partnership with The White House to expand access to capital for small businesses owned by people of color. IIE harnesses the power of public-private collaboration that strengthens the small business ecosystem and advances racial equity by expanding access to capital for communities of color, investing in small businesses of color at scale, and removing systemic barriers for marginalized communities to build wealth.
Panorama has played an instrumental role in supporting Hyphen and the successful implementation of IIE by:
- Working closely and collaboratively with Hyphen President and Founder, Archana Sahgal, to ensure a seamless process of applying for and receiving grant funding
- Overseeing the administrative process of grant applications, which has resulted in securing over $9M in funding from funders such as JP Morgan Chase, W,K. Kellogg Foundation, John D. and Catherine T. MacArthur Foundation and more
- Managing the necessary due diligence and compliance process for issuing nine grants, facilitating the flow of over $4.5M to community partners
Moving Forward
Although the Initiative for Inclusive Entrepreneurship is still underway, it is evident that it has the power to be transformative for communities of color. By intentionally deploying funds, providing training and technical assistance, and harnessing the power of public-private partnerships, Hyphen is playing a key role in shifting the small business ecosystem to be more equitable and accessible. With Panorama's fiscal sponsorship services and thought partnership, Hyphen is setting the stage to accelerate social impact and change systems in unprecedented ways. We look forward to supporting Hyphen in their mission critical work including the continued building and bolstering of key relationships across and within communities of color.