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Intermediary Profile and Statistics » Public funding: 73% » Private funding: 27% |
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The District of Columbia Children and Youth Investment Trust Corporation (The Trust) was founded in 1999 with a $12 million Temporary Assistance for Needy Families (TANF) allocation from the DC City Council. Since its founding, The Trust has raised and leveraged over $100 million for after-school and out-of-school time programs in DC. Its strategies for increasing revenue have included securing a mix of public and private funds and implementing a cost model for programs.
The creation of The Trust represented the first time that city government used city funds to support youth activities provided by community-based organizations. The DC City budget requires Congressional approval, adding another layer to The Trust's local fundraising process.
During its first year, The Trust disbursed more than $8 million to 49 programs in DC. The budget for The Trust's fundraising and re-granting program increased over the years:. The Trust disbursed $12 million in 2002 and 2003, $10.9 million in 2004, $16.6 million in 2005, and $14.7 million in 2006. So far in 2007, The Trust has allocated $16 million directly to programs. To assure sustainability, The Trust relies on a blend of public and private funding sources. The following are current and former investors in The Trust.
In 2007, The Trust's organizational budget was $30 million.
The DC Trust has expanded programming to serve 20,000 youth and young adults in the city. Programs operate using a cost-model of $2500 per youth.