The leadership teams of eight Chicago nonprofits will participate in the second cohort of IGNITE, a unique program designed to help amplify the impact of organizations serving the Black community in Chicago.
The selected nonprofits work to uplift their communities through supporting students in under-resourced schools, paving the way for success in college and beyond, eliminating inequities in healthcare, inspiring girls to be strong, creating transformative works rooted in the African diaspora, empowering entrepreneurs, and providing programs to transition out of poverty.
Established with a significant five-year commitment from Golub Capital, IGNITE is the signature offering of the Golub Capital Social Impact Lab at the Rustandy Center for Social Sector Innovation at the University of Chicago Booth School of Business. The program, developed In partnership with Golub Capital and the Chicago Urban League, offers tailored resources to the leaders of nonprofits serving the Black community in Chicago to strengthen and scale the impact of their organizations.
“Our second cohort consists of eight exceptional nonprofit organizations that are passionate about serving Chicago’s Black community. It is a privilege to work with the leadership teams and help further their impact with the world-class resources at Chicago Booth,” said Tyeise Huntley, director of the Golub Capital Lab.
“Nonprofits have the power to make our communities better and to be levers for change,” said David Golub, president of Golub Capital. “We are inspired by IGNITE’s second cohort of nonprofit leaders and we are proud to support Chicago Booth in amplifying their impact.”
The nine month program includes classroom sessions led by Chicago Booth faculty and nonprofit practitioners, networking opportunities with leading philanthropists and Black leaders in Chicago, monthly executive coaching, peer discussions in leadership circles, and financial stipends to support capacity building work. Topics for the classroom sessions include strategy, decision making, and securing and managing resources. Retreats at the beginning and the end of the program help participants build connections and reflect on the shared experience.
The program kicks off at the end of January and ends in September 2024. Applications for the 2024-25 cohort will open in the fall of 2025.
To learn more, visit IGNITE.
This story originally appeared on the Chicago Booth website.
