Draper Richards Kaplan

Transcription

1 2016 Aual Report Draper Richards Kapla FOUNDATION We Believe i the Possible 1

2 I created Livig Goods because over 20,000 kids are dyig every day for wat of simple health itervetios that cost less tha a cup of coffee. Te years ago, I wet to help a strugglig medical charity i Keya ad saw health ceters were chroically uder-stocked ad uderstaffed, ad drug shops where couterfeits were rampat. I Africa, your child ca die from a mosquito bite or a sip of dirty water if left utreated. If your daughter is sick you ca sped hours gettig her to a health ceter, ad hours waitig to be see, oly to lear they are out of the life-savig drugs she eeds. Oe out of two families lose a child before age 5, ad early half of those die i the precious first days of life. Whe my kids are sick, I ca call for help 24 hours a day. I Ugada you ca zap moey to ayoe with a phoe, so why ca t you use a phoe to call for quick basic medical help whe you eed it? Livig Goods deploys 6,000 commuity health etrepreeurs i Ugada ad Keya armed with Adroid phoes ad our Smart Health app. Now, 5 millio people ca make a simple call to get high quality care delivered to their door - for less tha the cost of trasport to a health ceter. The app automatically diagoses the three leadig killers of youg kids, ad texts timed dosage remiders. It also delivers persoalized advice for every pregat mother ad prompts our agets to follow up with ewbors most at risk. Child deaths are droppig by over 25% where our health promoters work, at a aual cost per perso reached of less tha $2. Chuck Slaughter, Fouder Livig Goods Fouded: 2007 Fuded by DRK: was a year of great joy ad reflectio as we celebrated the Draper Richards Kapla Foudatio s 15th aiversary. While so much has chaged i the 15 years sice we bega, oe thig has ot chaged at all: the urget eed for etrepreeurs to take o society s most complex challeges ad fid iovative pathways to improve the lives of vulerable populatios aroud the globe. As of May 2017, we ve made over 110 ivestmets ad deployed more tha $55 millio i urestricted capital to a group of extraordiary social etrepreeurs with whom we have the hoor ad privilege to work, side by side, to help brig their bold visios to reality. Ad while there are more challeges ahead i the world, as we embark o our ext 15 years, we do so guided by the same priciple that has guided us thus far: that early stage fudig dedicated to etrepreeurs who aspire to have outsized impact o societal problems is the buildig block for profoud, lastig positive chage. To produce this kid of chage, ow more tha ever, we deped o others i the ecosystem that surrouds our portfolio. I 2016, we spet time ad resources reachig out to experts i the field to uderstad more fully where our best leverage poits are to effect real chage. Earlier this year, we coveed a group of former U.S. Attoreys to look at the U.S. crimial justice system ad we pla to covee or joi similar deep dives aroud other issues to better positio us to fid, fud ad support the ext geeratio of DRK iovators. Above all, we remai achored by our sese of optimism ad the privilege we feel to be stewards of your precious fiacial ad huma capital at a time whe both are i short supply. As we ofte say, you ca t start a fire without a spark. Thak you for beig part of that spark. We are hoored to do this work with you all, ad kow that it is just the begiig. Sicerely, Jim ad Christy That s why I believe i the possible. 2 1

3 The DRK Differece We FIND extraordiary leaders with the passio ad determiatio to build scalable solutios to complex social challeges. We FUND orgaizatios with multi-year, urestricted capital that we kow is critical to early-stage growth $300,000 over 3 years. We SUPPORT our portfolio by servig o the board of every orgaizatio we fud. DRK etrepreeur Veroika Scott of The Empowermet Pla speakig at the DRK Aual Retreat. DRK is a extraordiary commuity of social etrepreeurs ad chage agets who collectively tackle some of the world s biggest problems. It has become the preemiet place for etrepreeurs doig game-chagig work. Nick Ehrma, Blue Egie (DRK Etrepreeur) Draper Richards Kapla It is t just the capital; it s the taleted people who work with these orgaizatios that brig more value tha the dollars they re give. It s the marriage of time ad expertise, alog with capital, that makes this work so uique. FOUNDATION Mitch Cohe, Door Parter (Fuds II ad III) We ENGAGE our portfolio i various ways throughout the year, to stregthe their capacity to have trasformative impact. I additio to our sigature evet, the DRK Aual Retreat, we offered egagemet opportuities ad targeted support across four key areas i 2016: Board Developmet: DRK s two-day Board Chair/CEO coveig focused o buildig bold, geerative boards Fudraisig: Over the course of several moths, we led a series of workshops o stregtheig developmet teams, storytellig ad stewardship Recruitig: DRK hosted i-depth strategy sessios with oprofit recruitig experts o attractig high caliber talet Fiace ad Operatios: O umerous occasios, we held sessios ad shared best practices o fiacial maagemet ad provided expert legal resources to the portfolio 2 3

4 by the Numbers Grat Distributio to Date as of May 2017 Measurig impact across a broad portfolio of orgaizatios ad issues is complex. At DRK, we focus o the umber of lives affected, the rates of growth of the orgaizatios we support, ad the evidece of systemic chage they create. Educatio - 25% Eviromet ad Climate Chage - 4% Arts ad Culture - 2% Food ad Agriculture - 5% Civic Egagemet - 9% 114 social eterprises have joied the DRK portfolio as of May ew busiesses ad oprofits created with help from >85:1 Leverage ratio for each dollar DRK ivests i its porfolio orgaizatios >50% Compoud aual growth rate i reveue of orgaizatios i DRK portfolio >$900M i small loas made to low-icome busiesses aroud the world by Kiva 37M+ messages from tees i distress processed by Crisis Text Lie couselors $16M worth of surplus medicatios Brave Health - 20% Iteratioal - 47% Social Justice - 12% Systemic Poverty - 10% Ecoomic Empowermet - 13% Domestic - 53% EforAll >30M US studets coected to high speed broadbad sice 2013 thaks to Educatio SuperHighway >4,000 idividuals beig represeted by Immigrat Justice Corps to obtai lawful status ad citizeship or challege deportatio redistributed to those i eed by SIRUM 25% reductio i child mortality rates i areas where Livig Goods works 4

5 I fouded Crisis Text Lie because I received a text i August 2011 that chaged my life. It said, He wo t stop rapig me. He told me ot to tell ayoe. It s my dad. RU there? DRK Fuds Lookig Ahead I a few years, we will have committed over $110 millio to 185 orgaizatios creatig log-term social chage. Millios $120 $100 $65 RefugePoit This text came from a member of the DoSomethig commuity, which is the largest orgaizatio for youth ad social chage. DoSomethig.org texts their members to get them to participate i campaigs for thigs like jea collectio drives ad writig Valetie s Day cards for seior citizes. But every time DoSomethig seds millios of these messages, a few resposes come back that have othig to do with peaut butter or seior citizes - they re about thigs like beig bullied, or beig addicted to drugs, or self harmig. The girl who texted us i 2011 sparked the begiig of a ew orgaizatio called Crisis Text Lie, which provides free crisis itervetio, 24/7, all through text message. We ve processed over 37 millio messages i three years, ad our 3,000 voluteers are savig lives every sigle day. Ad it all started with that oe heartbreakig ad courageous text from six years ago. Nacy Lubli, Fouder Crisis Text Lie Fouded: 2012 Fuded by DRK: 2014 $80 $60 $40 $32 That s why I believe i the possible. $20 $0 $14 Fud I Fud II Fud III 30 Orgaizatios Vitage Year: Orgaizatios Vitage Year: Orgaizatios Vitage Year:

6 We are pleased to preset the 2016 additios to our portfolio: The Commo Market Educatio Opes Doors EforAll Empower Schools EYElliace Foster America GroudTruth Project HEAL Iitiative Idus Actio Laded Noora Health Ope Up Resources Polliate Eergy Raiforest Coectio Service Year Solutios Jouralism Network 1 NEW 2016 PORTFOLIO I 2016, for the first time, we also fuded two programs withi larger orgaizatios ad cocluded withi the year that they would ot easily scale or be divisible from their paret orgaizatio give leadership costraits. Global Health Corps Model ad Strategy The Commo Market s goal is to chage the structural factors that cause urba commuities to lack access to good food. They do this by coectig farmers to fair ad trasparet markets, by providig trasportatio services for small ad sustaiable farmers via a fleet of refrigerated trucks ad aggregatig the products i a warehouse from which chefs, cafeteria maagers, ad food service compaies ca order fresh, regioal foods from multiple farms. Fouded i Philadelphia, The Commo Market has piloted replicatio i Atlata, while expadig their reach i the Mid-Atlatic to Baltimore ad Washigto, D.C. They will lauch a third chapter i Etrepreeurs: Tatiaa Garcia-Graados & Haile Johsto At a Glace Fouded: 2008 Issue Area: Food ad Agriculture Geographic Scope: Domestic Locatios of Work: Philadelphia, Atlata HQ: Philadelphia, PA Sice their first sale i 2008, The Commo Market has delivered over $14 millio of local fruits, vegetables, dairy, eggs, meat, grais ad grocery items to customers throughout the Mid-Atlatic regio ad metropolita Atlata. It has become a atioally recogized model for local food access. The Commo Market has brought food from more tha 150 small ad mid-sized farms to 500 public ad private schools, hospitals, eldercare facilities, uiversities, grocers, workplaces, commuity orgaizatios ad restaurats. The Commo Market serves a wide rage of istitutios but deliberately seeks out relatioships with those that serve low-icome ad vulerable populatios, whose costituets are most at risk for diet-related illess. 8 9

7 NEW 2016 PORTFOLIO 2 NEW 2016 PORTFOLIO Model ad Strategy Model ad Strategy Etrepreeur: Jayda Batchelder At a Glace Fouded: 2012 Issue Area: Educatio Locatio of Work: Southwest U.S. HQ: Dallas, TX Educatio Opes Doors empowers studets with the kowledge ad support to purposefully avigate their way to college. Parterig with middle ad high schools, Educatio Opes Doors uses a trai the traier model to implemet its Roadmap to Success program through teachers. This college ad career readiess program features a iteractive studet maual focusig o types of degrees, payig for college, creatig resumes, fiacial literacy ad other o-academic fudametals. I additio, they provide i-school support, olie teacher resources, paret workshops, ad outcomes-based data aalysis. Roadmap to Success 2013 pilot supported approximately 1,500 studets; it will reach approximately 8,500 studets i the school year. The program has demostrated a sigificat growth i studet college kowledge, as well as a icrease i studet aspiratio ad hope. Etrepreeurs: David Parker ad Joh Coley At a Glace Fouded: 2012 Issue Area: Ecoomic Empowermet Locatio of Work: Massachusetts HQ: Lowell, MA EforAll fosters local, grassroots etrepreeurship i uderserved mid-sized commuities. This iovative busiess ad oprofit accelerator provides aspirig etrepreeurs with the skill set, cofidece, support ad professioal etwork ecessary to be successful. Its programmig icludes 3 moths of busiess skill traiig, 9 moths of itesive metorig, ad deep cohort support that has prove trasformative for the etrepreeurs served. 174 etrepreeurs have graduated from EforAll to date. Approximately 60% are for-profit compaies, 20% are o-profits, ad 20% are techology compaies hopig to scale. 55% of these etrepreeurs are miorities, 70% have a woma as part of the foudig team, ad 41% have a immigrat as part of the foudig team. 82% are still i busiess

8 NEW 2016 PORTFOLIO 8 7 NEW 2016 PORTFOLIO Model ad Strategy Model ad Strategy Etrepreeurs: Brett Alessi & Chris Gabrieli At a Glace Fouded: 2013 Issue Area: Educatio Locatios of Work: Massachusetts & Colorado HQ: Bosto, MA Empower Schools works with school district ad commuity leaders, educators, ad state educatio agecies to re-egieer school systems ito better ad accoutable schools. Empower believes schools thrive whe educators are empowered ad held accoutable for makig the key decisios that are best for studets. They have developed Empowermet Zoes as structures that create ad sustai the coditios eablig empowered schools. Empowermet Zoes are part of a atioal Third Way movemet that leverages ad fuses the best of school districts ad charter schools to help studets, especially disadvataged oes, succeed. Empower Schools captures ad shares the most promisig practices to help iform ad shape atioal ad local policies o educatio reform. They have eabled successful efforts i Lawrece, Salem, Sprigfield, MA ad Dever, CO to date. Etrepreeurs: Jorda Kassalow & Liz Smith At a Glace Fouded: 2015 Issue Area: Systemic Poverty Locatio of Work: Global HQ: New York, NY EYElliace is a global coalitio of public ad private sector parters, NGOs ad stakeholders that collaborates to address the umet eed for eyeglasses. More tha 2.5 billio people aroud the world live with impaired but correctable visio problems, limitig educatioal potetial ad slowig ecoomic growth. As a systems-level chage aget, it fuctios as a leader, coveer ad coordiator to chael efforts to solve the problem of access to ad use of eyeglasses at scale, icludig eablig market-based solutios to thrive. EYElliace idetifies workig models ad coects those solutios to istitutios that ca itegrate them ito broader systems. EYElliace co-authored Eyeglasses for Global Developmet: Bridgig the Visual Divide, a report of fidigs o the eed for govermets, the private sector ad developmet parters to icrease ivestmet i access to eyeglasses. The report was published by the World Ecoomic Forum ad sigatories icluded iteratioal CEOs ad public sector leaders. They have successfully created ew cross-sector collaboratios

9 NEW 2016 PORTFOLIO 6 5 NEW 2016 PORTFOLIO Model ad Strategy Model ad Strategy Foster America is a fellowship program that recruits, trais, ad deploys taleted early to mid-career professioals with diverse backgrouds icludig busiess, tech, health ad educatio to work i the child welfare system. The GroudTruth Project uses a fellowship model to support a ew geeratio of iteratioal correspodets ad documetary filmmakers to produce social justice jouralism that elightes ad iforms. Through this model they are attractig ew leaders to the child welfare system ad givig them the opportuity ad support they eed to iovate, so that our atio s most vulerable childre ca experiece dramatically better outcomes. GroudTruth seeks to build the capacity for freedom of expressio aroud the world by buildig reportig teams that work together across differet media platforms ad cultural backgrouds. Etrepreeur: Sherry Lachma Over the course of oe year, Foster America fellows focus o a high-impact problem (such as foster paret recruitmet ad retetio) ad leverage their skills to improve defied metrics (such as foster paret turover). Etrepreeur: Charles Seott The work these emergig jouralists produce is distributed to a wide audiece through GroudTruth s etwork of editorial parters, icludig PRI The World, PBS NewsHour, Frotlie, NOVA, the Atlatic ad more. At a Glace Fouded: 2015 Issue Area: Social Justice Locatio of Work: Uited States HQ: Washigto, D.C. I fall 2016, Foster America piloted its fellowship program with eight fellows i three sites: Alleghey Couty Departmet of Huma Services, New York City Admiistratio for Childre s Services, ad Rhode Islad Departmet of Childre, Youth ad Families. Based o data from the pilot, Foster America will improve ad scale the program, with a goal of recruitig 100 ew leaders for the child welfare field withi five years. At a Glace Fouded: 2013 Issue Area: Social Justice Locatio of Work: Global HQ: Bosto, MA To date, GroudTruth has supported 130 reportig fellows from 25 coutries. Two-thirds are wome. GroudTruth s work has produced award-wiig multi-media projects that help shape the dialogue o issues ragig from icome iequality to climate chage to huma rights ad global health. GroudTruth has helped fellows secure full-time positios i top ews orgaizatios

10 NEW 2016 PORTFOLIO 4 NEW 2015 PORTFOLIO 3 NEW 2016 PORTFOLIO Model ad Strategy Model ad Strategy Etrepreeurs: Sriram Shamasuder ad Phuoc Le At a Glace Fouded: 2015 Issue Area: Health Locatios of Work: U.S. (Navajo Natio, Oaklad, Salias), Liberia, Malawi, Mali, Haiti, Idia, Nepal, ad Mexico HQ: Sa Fracisco HEAL Iitiative aims to address the severe healthcare workforce shortage ad health disparities i uderserved commuities i the Uited States ad aroud the world by creatig, scalig, ad sustaiig a pipelie of health professioals to care for the poorest commuities, while simultaeously stregtheig local health systems. HEAL s two-year fellowship model pairs a dedicated medical professioal with health professioals livig ad workig i lowresource commuities. Durig the fellowship, both sets of fellows go through immersive traiig, receive ogoig metorship focusig o skills essetial for global health delivery, ad obtai a olie MPH. HEAL leverages existig govermet fuds to provide a sustaiable source of reveue to help scale their model. HEAL lauched its iaugural class of 22 fellows i The first HEAL fellows icluded physicias, social workers, detists ad physicia assistats from six coutries ad the Navajo Natio. Fellows have bee dispatched to six iteratioal ad seve domestic parter sites. I 2017 HEAL expects to support 54 fellows from seve coutries. I the years ahead, they expect to replicate their model across the U.S. ad aroud the world by creatig a toolkit for other istitutios to implemet. Etrepreeur: Taru Cherukuri At a Glace Fouded: 2013 Issue Area: Social Justice Locatio of Work: Idia HQ: New Delhi, Idia Idus Actio empowers Idia s most margialized populatios by raisig awareess of ad implemetig legislatio servig these populatios through a effective ad replicable campaig strategy. Their first ad curret campaig is a iitiative to esure all childre i Idia are able to exercise their right to access private educatio through the Right to Educatio Act. They activate commuity members to dissemiate iformatio to this populatio regardig their legislative rights ad help eable them to take advatage of the policy. Oce they ve met goals i oe campaig, Idus Actio will tackle a ew sector. Potetial subsequet issues iclude saitatio, public health ad fiacial iclusio. Their first campaig was piloted betwee 2013 ad By the ed of its pilot phase, Idus erolled 769 low-icome studets i Delhi schools ad by the ed of 2017, hope to eroll a additioal 5,393 studets. By 2018, Idus aims to expad to 10 ew states, reachig 32,000 studets, placig them o a trajectory to eroll 1 millio studets by Idus Actio s follow-o support for erolled studets has helped achieve a 94% retetio rate

11 NEW 2016 PORTFOLIO NEW 2016 PORTFOLIO Model ad Strategy Model ad Strategy Etrepreeurs: Joatha Asmis ad Alex Lofto At a Glace Fouded: 2015 Issue Area: Ecoomic Empowermet Locatio of Work: Sa Fracisco Bay Area HQ: Sa Fracisco, CA Etity Status: For Profit Laded helps schools attract ad retai teachig talet by addressig the issue of high housig costs. I expesive areas, may educators caot save fast eough for a dow paymet o a first home. This ca lead to teacher attritio, which i tur dimiishes studet outcomes. Laded orgaizes commuity-based, private capital ito fuds that cover half of a stadard 20% dow paymet for local home-buyig educators. I retur, ivestors receive similar returs to buyig ad retig out apartmets. Laded s advisors iclude a mix of bak CEOs, academics, hedge fud maagers, regulators ad educators. Laded is workig to icrease teacher retetio as a driver of school quality. Homeowership is oe of the largest log-term wealth drivers. Resposibly helpig teachers ad other essetial workers i a commuity become homeowers ca reduce wealth iequality. Etrepreeurs: Edith Elliott & Katy Ashe At a Glace Fouded: 2014 Issue Area: Health Locatio of Work: Idia HQ: Bagalore, Idia The shortage of traied medical professioals i Idia, coupled with low paymet capability, meas that most patiets recoverig from medical itervetios rely heavily o care provided by family members. With limited iformatio, families ofte fid themselves poorly equipped to adequately support their loved oes. Noora Health trais family members of margialized medical patiets with simple yet high-impact health skills. This eables family members to provide high quality care i the hospital ad at home, helpig reduce serious complicatios ad prevetable re-admissios. Sice lauchig i 2014, Noora Health has traied over 76,000 family members represetig 50,000 patiets. The program rus i 25 hospitals i Idia ad it is o track to reach 1 millio people by the ed of Iteral data shows a 24% reductio i readmissios as a result of the program. Results from a outside evaluatio suggest the reductio i serious 30-day complicatios to be as high as 71%

12 NEW 2016 PORTFOLIO NEW 2016 PORTFOLIO Model ad Strategy Model ad Strategy Etrepreeur: Larry Siger At a Glace Fouded: 2015 Issue Area: Educatio Locatio of Work: Uited States HQ: Cupertio, CA Ope Up Resources missio is to icrease istructioal equity i U.S. educatio by makig excellet curricula freely available to school districts. Ope Up parters with the coutry s foremost experts to develop superb curricula ad the delivers essetial support for its implemetatio at the school level, from professioal developmet to pritig. Ope Up s missio is to provide studets ad educators with equal access to rigorous, stadards-aliged core programs. Ope Up Resources forges its curricula through large-scale district pilots. Its middle school math curriculum is curretly i use i 30 schools across six school districts, with 180 educators providig detailed, daily feedback. Ope Up Resources will begi publishig its curricula as free Ope Educatioal Resources (OER) i mid Free course cotet allows school districts to redirect fuds toward professioal developmet, techology ad more. Etrepreeur: Alexie Seller At a Glace Fouded: 2013 Issue Area: Systemic Poverty Locatio of Work: Idia HQ: Bagalore, Idia Polliate Eergy is workig to improve access to electricity, safe drikig water ad clea cookig methods for the millios of people livig i severe poverty i Idia s urba slums, by providig access to affordable solar powered lights, improved cook stoves ad water filters. They trai ad hire people from disadvataged backgrouds, called Polliators, to sell these products, thereby helpig them geerate a sustaiable icome ad play a valuable role i improvig lives i their local commuities. Sice lauchig three years ago, Polliate Eergy has sold over 20,000 products which have directly impacted more tha 90,000 idividuals. Commo social ad ecoomic impacts reported by customers iclude: childre ca study at ight, easier to cook after dark, reductio of rats ad sakes i the home, ad fiacial beefits/savigs. By reducig kerosee ad harmful fuels i homes, Polliate Eergy has abated over 2.7 millio kilograms of CO2 emissios

13 NEW 2016 PORTFOLIO NEW 2016 PORTFOLIO Model ad Strategy Model ad Strategy Etrepreeur: Topher White At a Glace Fouded: 2014 Issue Area: Eviromet ad Climate Chage Locatios of Work: South America, Southeast Asia, Cetral Africa HQ: Sa Fracisco, CA Raiforest Coectio is focused o prevetig raiforest deforestatio, a leadig cause of climate chage ad species extictio, by providig real-time moitorig ad detectio of illegal loggig activity i South America, Southeast Asia ad Africa. It trasforms recycled cell phoes ito autoomous, solarpowered listeig devices that ca remotely moitor ad detect loggig ad poachig activity. Raiforest Coectio parters with local NGOs, idigeous tribes ad govermets to deter ad stop icursios. Raiforest Coectio has already played a key role i the protectio of hudreds of square kilometers of raiforest i the Amazo, Idoesia ad Cetral Africa. It uses data streamig from remote forests to measure biodiversity ad ecology, ad provides this data to scietists, academic researchers ad govermets to help the fields of ecology ad coservatio. Raiforest Coectio also improves local ifrastructure i the forest, offerig a variety of beefits for its parters ad the commuity icludig improved cell etworks, iteret access ad solar power statios. Etrepreeur: Shirley Sagawa At a Glace Fouded: 2016 Issue Area: Civic Egagemet Locatio of Work: Uited States HQ: Washigto, D.C. Service Year Alliace works to make service years a commo expectatio ad opportuity for youg Americas as a way to tackle importat challeges while trasformig their ow lives. A service year is a paid opportuity to develop real-world skills through hads-o service. Service Year Alliace is the result of a merger betwee ServiceNatio, the Frakli Project, ad the Service Year Exchage i Its foudig Chairma is Geeral (Ret.) Sta McChrystal. Every year, 65,000 youg people, typically years old, do service years i orgaizatios such as Teach for America, City Year, Habitat for Humaity ad the Peace Corps. Service Year Alliace s goal is to scale service years i the Uited States to 100,000 positios by 2019, 250,000 i a decade, ad 1 millio i a geeratio

14 NEW 2016 PORTFOLIO Whe I became a 6th grade teacher, I promised my studets that they could overcome their adversities, as I had earlier i life, if they wet to college ad worked hard. But the I saw that as they graduated from college, far too may of them foud themselves u- or uderemployed ad with college debt. Etrepreeur: David Borstei At a Glace Fouded: 2013 Issue Area: Civic Egagemet Locatio of Work: Uited States HQ: New York, NY Model ad Strategy Behid most social problems are people workig to advace chage. Yet these emergig efforts are ofte difficult to fid. Solutios Jouralism Network supports ad coects jouralists iterested i coductig rigorous reportig about how people are respodig to societal problems - i.e., solutios jouralism. It advises media outlets, provides educatioal resources to build jouralists skills i solutios reportig, ad coects those iterested i how social problems are beig solved ad usig the power of solutios jouralism to build a better world. 75 ews orgaizatios have bee traied to date. 7,000 idividuals have used Solutios Jouralism Network s olie tools or atteded a workshop. The etwork has catalyzed or discovered 2,200 solutios stories across the globe. My former studet, Ketica, was the spark for foudig Brave. Ketica grew up i oe of the poorest sectios of New Orleas, the lower 9th ward. She was a bright girl ad had the opportuity to atted oe of the most elite high schools i Louisiaa. For te years, Ketica, her mother ad I focused reletlessly o the itagible aspiratio of college despite the tagible obstacles her family faced every day. Happily, she did go o to college, yet as her graduatio day grew closer, she had t laded a job. The momet we d all dreamed of for a decade ow icluded mouds of debt ad was more like a ecoomic disaster tha someoe who should be o the verge of realizig the America Dream. Ketica ad I rolled up our sleeves ad got to work. I realized Ketica could lear the skills eeded to get a strog first job if she was deliberately taught them like her higher icome peers were taught by their parets. Operatig ad maagig, reasoig ad strategic thikig, ad buildig relatioships ad ifluecig others ca be taught, just like how to write a thesis statemet or a five-paragraph essay. My sister gave her additioal coachig. After this traiig, Ketica laded a excellet job. She wet o to pursue a master s degree i educatio from Harvard ad just graduated, with multiple job offers. Her ext job will likely move her from havig started college i the bottom icome quartile to beig i the top 20%. She will out-ear both of her parets combied. Ketica is livig the America Dream; she is Brave. I believe our ext geeratio of leaders ca ad must emerge from everywhere. Aimée Eubaks Davis, Fouder Brave Fouded: 2013 Fuded by DRK: 2015 That s why I believe i the possible

15 DRK Portfolio as of May 2017 avati LEARNING CENTRES Sice iceptio, eight of the orgaizatios DRK has supported either o loger operate idepedetly or are o loger affiliated with DRK. Two of those orgaizatios did ot complete their grat cycle withi this past year

16 Door Parters The Draper Richards Kapla Foudatio raises fuds from a diverse group of parters, icludig idividual doors, family foudatios ad private foudatios, ad deploys these resources aroud the world. We are deeply grateful to our door parters for joiig us i supportig the big dreams, ew ideas ad bold actios of extraordiary social etrepreeurs. Fiacials Fiscal year Jauary December 2016 Net Assets* Total $ 48.0 Uses of Fuds* Use of Fuds $0.7M Geeral & Admiistratio Idividuals, Foudatios & Corporatios as of May 2017 Aoymous Lois & David L. Aderso Mary Ae Nyburg Baker & G. Leoard Baker, Jr. Bohemia Foudatio BlackRock William K. Bowes Jr. Foudatio Susa ad Nicholas Carter Child Relief Iteratioal Susa & Mitchell Cohe Crotty Family Foudatio William Davidso Foudatio Nia & Casper de Clercq DS Foudatio Robi Richards Doohoe & Chris Doohoe Tim & Melissa Draper Phyllis & William H. Draper III FThree Foudatio Horace W. Goldsmith Foudatio Hellma Foudatio F.B. Hero Foudatio William & Flora Hewlett Foudatio High Meadows Group Lyda Hill Corad N. Hilto Foudatio Reid Hoffma David & Fracie Horvitz Family Foudatio Imago Dei Fud Robert S. Kapla Ewig Mario Kauffma Foudatio David & Aita Keller Foudatio Robert & Dorothy Kig Kresge Foudatio Libra Foudatio David & Lori Marquardt A & Ady Mathieso Hery F. McCace Steve L. Merrill Gordo ad Betty Moore Foudatio Nasiri Foudatio Susa & Bill Oberdorf Daiel A. Carroll & Stasia A. Obremskey David & Lucile Packard Foudatio Elizabeth R. & William J. Patterso Foudatio Peery Foudatio Thomas & JaMel Perkis David Pottruck William & Eva Price Arthur & Lidsay Reimers Arthur & Toi Rembe Rock Richards Foudatio Sarlo Foudatio Laura Scher & Ia Altma Trustees Philathropy Fud of Fidelity Charitable Jeffrey C. & Suzae C. Walker Direct Grats $ 4.3 Portfolio Support $ 4.5 Geeral, Admi ad Fudraisig $ 0.7 Total $ 9.5 *i millios Note: I 2016, DRK allocated a additioal $100,000 toward equity via a program-related ivestmet, which is capitalized ad ot expesed i our direct grats budget. $4.5M Portfolio Support $4.3M Urestricted Grats DRK Team 28

17 Draper Richards Kapla Foudatio Board of Directors William H. Draper, III Co-Chair Robi Richards Doohoe Co-Chair Robert S. Kapla Co-Chair Team Jim Bilder CEO Stephaie Dodso Corell Maagig Director Nathalie Laidler Kylader Maagig Director Carter Stewart Maagig Director Jared Leiderma Director of Fiace & Operatios Kathry Doyle Seior Associate Christy Remey Chi Maagig Parter Stephaie Khuraa Maagig Director Bill Rodriguez Maagig Director Rebecca Weitraub Maagig Director Nacy Huag Chief of Staff Nacy W. O Neill Director of Kowledge Maagemet Mira Wijayati Seior Associate Grace Lesser Associate Elizabeth Washbur Associate Grace Myers Maager of Door Relatios Abby Crocker Executive Assistat Cat Flaherty Admiistrative Assistat Ashley Plaga Admiistrative & Marketig Assistat Deepa Iyer Associate Nita Prasad Associate Nicolle Richards Tom Ford Fellow Mary Lachit Cotroller Lida Miller Executive Assistat Kim Kootz Admiistrative Assistat Laurie Protacio Admiistrative Assistat I fouded RefugePoit because I have see may refugees i lifethreateig situatios who fell through the cracks of humaitaria aid ad could t get to places of safety or rebuild their lives. Years ago, I was set to the Cogo o a U.S. govermet rescue operatio to evacuate people who were beig massacred there. It was a harrowig experiece but we succeeded i takig to safety all the people we were set to evacuate, as well as additioal widows ad orphas who would have otherwise perished. All those refugees came to the U.S. ad rebuilt their lives here. They are all citizes ow. That experiece chaged my life. It led to foudig RefugePoit, which helps refugees get to coutries where they ca rebuild their lives safely ad become self reliat so they do t eed to deped o aid. I kow what it looks like whe a refugee i the most desperate circumstaces has a chace to rebuild her life. That s why I believe i the possible. Sasha Chaoff, Fouder RefugePoit Fouded: 2005 Fuded by DRK:

18 you ca t start a fire without a spark BRUCE SPRINGSTEEN Pricipal Offices 1600 El Camio Real Suite 155 Melo Park, CA Tel: Fax: Boylsto Street 7th Floor Bosto, MA Tel: ifo@drkfoudatio.org Field Offices Columbus, OH Gaboroe, Botswaa 32 Cover Images: Raiforest Coectio (top) ad Service Year Alliace (bottom)