Corporations and foundations sponsor Encore Fellowships to provide a new source of experienced talent to solve social challenges. Encore Fellows bring years of experience in business practices and knowledge to assignments in social impact organizations, building capacity and scaling programs.
Why Should Foundations Sponsor Encore Fellowships?
Past and current sponsors of Encore Fellowships include:
California HealthCare Foundation
The David and Lucile Packard Foundation
Goldman Sachs Urban Investment Group
May and Stanley Smith Charitable Trust
The Robin Hood Foundation
The Virginia P. Piper Charitable Trust
How Sponsors Benefit
Foundations: Encore Fellowships offer corporate, private family, and community foundations a method to directly impact the effectiveness of the organizations they support in the community, opening up a new pipeline of talent and leadership in HR, IT, marketing, finance and other areas.
Corporations: Corporations provide Encore Fellowships as an innovative employee benefit to offer more opportunities for retirement-eligible people to think about what to do next in their future and help them to transition to new social impact roles. Companies leverage their investment in a highly skilled workforce to benefit their communities by providing talent, expertise and skills to social impact organizations.
“Encore Fellowships have helped our retiring employees explore their next stage of life and re-imagine retirement.”Amber Wiseley, Intel Human Resources
Encore Fellowships program sponsors realize a variety of benefits:
Community engagement. Corporations and foundations have long been important supporters of community-based nonprofits. Encore Fellowships provide unique opportunities to provide direct, high-leverage assistance to the organizations they support. Encore Fellowships can help foundations build strong, effective non-profit organizations by creating a pipeline to grow a new set of leaders to build capacity and scale programs. Corporations enhance their reputations by benefiting their communities.
Employee/member engagement. Encore Fellowships can be an attractive option for people transitioning from midlife careers to encore careers. A fellowship option can fit well with other programs such as early retirement, volunteerism or career-transition services. They can reward long term employees with transitional opportunities beyond the corporate sector and attract new purpose-driven employees.
Market engagement. Most leading corporations have found ways to leverage their social responsibility efforts with their core business mission. Encore Fellowships allow companies to target specific sectors that are most relevant to their customers, such as education, health care, environment, arts and culture or even the baby boomer market itself.
Carol Larson, CEO of The David & Lucile Packard Foundation, speaks about why they support the Encore Fellowships Network. The Packard Foundation was the founding sponsor of the original 2009 Silicon Valley Encore Fellows program.
Intel Corporation offers the Encore Fellowship program to its retirement-eligible employees across the country. By the end of 2017, over 1000 retiring Intel employees will have been placed as Encore Fellows, exceeding expectations in terms of employee participation, community impact and public goodwill.