Home Web timeline Goodness Web Foundation names first grant recipients, awarding $5.3 million to accelerate initiatives to address youth mental health crisis

Goodness Web Foundation names first grant recipients, awarding $5.3 million to accelerate initiatives to address youth mental health crisis

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BOSTON–(BUSINESS WIRE)–The Goodness Web Foundation (TGW), a 501(c)(3) nonprofit redefining the traditional approach to philanthropy by bringing donors together with organizations tackling the youth mental health crisis, announced today 5, $3 million in grants to be awarded to the first three recipients: Think: Children & Meadows Mental Health Policy Institute (MMHPI), The path to followand The Jed Foundation (JED). In these initial grants, TGW will deploy $1.7 million in 2022, with a total of $5.3 million to be allocated over 4 years to fund efforts to create transformative change in youth mental health.

“An alarming 1 in 6 children ages 6 to 17 in the United States suffer from a mental health disorder each year. And research has shown that more than 90% of the money paid into the mental health system is spent to institutions and acute care, with minimal support for education and early intervention efforts,” said Mark Verdi, co-founder and president of The Goodness Web. “We see an incredible need to close these health gaps young people’s mental health, particularly the need to focus on early detection, and closing the average gap of 11 years between the onset of mental health symptoms and treatment.”

“We believe that many people care passionately about solving the youth mental health crisis urgently, but don’t know where to start to donate their money or time to make a real difference. We created The Goodness Web to provide a new service to everyone who cares about this cause. Our experts carefully select the most proven and promising nonprofits, then channel our collective donations to them so we can make a bigger difference, faster,” added Jan Swartz, co-founder of The Goodness Web. . “We are thrilled to award our first grants to Think:Kids & MMHPI, The Path Forward and JED to accelerate their initiatives to create lasting change.”

The TGW team screens existing nonprofit applicants from thousands of organizations supporting youth mental health to identify organizations with proven track records, measurable results, and solid plans to scale effectively to help more young people . TGW then plays an active role with grantees and donors to share resources, exchange experiences and accelerate progress.

“As someone who has worked in the private venture capital industry for over 30 years, it is refreshing to see the proven model of private equity being integrated into the philanthropy space,” added Gwill York, Managing Director. Founder of Lighthouse Capital Partners and Board Member of The Web of Kindness. “Goodness Web’s multi-year grants will provide stability to organizations that often have little reserve capital so they can focus on their missions and have the impact we know they can have.”

TGW’s first three grantee partners are creating systemic change in youth mental health:

  • Think:Kids & Meadows Mental Health Policy Institute (MMHPI) The partnership, enabled by TGW’s four-year, $2 million grant, will enable teams of vendors to offer Think:Kids collaborative problem solving® (CPS), an evidence-based approach to working with children with behavioral challenges, through already established networks of primary care practitioners, leveraging the MMHPI’s robust reach and impact across the country. Texas scale.
  • The path to follow relies on large employers to encourage insurance companies to cover integrated mental health treatment in primary care settings. TGW’s $1.8 million grant over three years will help build national infrastructure to increase access to care.
  • The Jed Foundation (JED) protects emotional health and prevents suicide among adolescents and young adults nationwide. Through TGW’s $1.5 million, three-year grant, JED will expand to partner with more high schools, colleges, and universities to help them evaluate and improve their approaches and campus infrastructure to better support student mental health.

These grants are made possible through the generosity and commitment of more than 70 original donors, or “founding families,” who are dedicated to improving the mental health of young people. These founding families are the first members of what TGW believes will be a great community of “great leaders with big hearts who want to make bold bets” together. “Today, mental health support is highly fragmented and largely ineffective,” Swartz added. “TGW seeks to encourage next-level collaboration between mental health donors and nonprofits so we can have a bigger, faster impact to help our young people. We believe that better support for youth mental health is one of the greatest needs of our time.

About Goodness Web (TGW)

The Goodness Web (TGW) is a 501(c)(3) non-profit organization, founded in 2019 by the Swartz & Verdi families. The Goodness Web connects a diverse community of results-driven donors and partners who pool their resources and expertise to accelerate the most promising mental health initiatives to improve lives. TGW activates its vast network – the “Web” – to surface the most promising investment opportunities, share learnings and facilitate lasting connections. TGW is creating a new alternative to traditional philanthropy to dramatically change the trajectory, timeline and impact in the field of mental health with an initial focus on young people.

Backed by a data-driven strategy, TGW’s differentiated business model reflects a private equity-like approach by pooling donations from families passionate about this cause to scale proven interventions, accelerate innovation and expand the mental health support. The founding team leverages their skills and resources to invest in strategies that work, help companies build capacity, and create a lasting movement for mental health.

Learn more about https://www.thegoodnessweb.org