As we continue our blog series on local B Corps we wanted to highlight Virginia Community Capital (VCC) - a nonprofit, Community Development Financial Institution (CDFI) and banking entity that is celebrating 10 years of impact in Virginia this year.
Their three core lines of business are Lending, Savings and Advisory Services; being a community bank, however, they go above and beyond these services to provide expertise to a wide range of constituents including localities, developers, community development agencies, nonprofits, and business owners.
In April 2016, VCC converted its for-profit bank - Community Capital Bank of Virginia - to a certified benefit corporation, making it the first B Corp regulated bank in the US.
We spoke with Leah Fremouw, VCC Community Programs Manager, to learn more about VCC’s mission, impact and their decision to become a B Corps.
Tell us about you.
My name is Patricia West, Head of School, Northstar Academy. I hold a BS from the University of Missouri Elementary Education & Special Education, I have an MED from UVA Special Education with a focus in Emotional Disabilities, and a Doctorate from VA TECH in Educational Leadership and Policy Studies. I have worked in the field of special education for over 40 years in the public school setting and the private school setting.
Tell us about yourself.
My name is Heather Turbyne-Pollard and I am proud to serve as Health Brigade’s Director of Resources & Philanthropy. Health Brigade is formerly known as Fan Free Clinic. I started working here in October 2015. I love the organization’s mission to provide quality health services, especially to those least served, in a compassionate and non-judgmental environment. I came here from a 15 year career at United Way of Greater Richmond & Petersburg where I learned a good deal about our local nonprofit community and the critical role nonprofits play in strengthening the fabric of our region’s safety net system in a whole host of ways.
Health Brigade is one of those nonprofits I have always admired for its rich history on confronting social justice issues that affect individual and public health head on.
After careful consideration and analysis, the Partnership for Nonprofit Excellence (PNE) and The Community Foundation (TCF) are announcing a strategic restructuring.
The capacity building programs of PNE- Nonprofit Learning Point, ConnectVA, and Organizational Solutions- are integrating and becoming a part of TCF.
HandsOn will remain a separate organization focused on volunteer engagement and will maintain a strategic alliance with TCF.
TCF was instrumental in the creation of PNE in 2006. Both PNE and TCF share a commitment to supporting strong and effective nonprofits, and advancing a vibrant civic engagement network.
A recent study showed that 84 percent of nonprofit jobseekers saw work as part of their identities, not just a way to make a living. While this level of commitment is a driving factor when it comes to working for social change, it also can be a factor in the ability for nonprofit professionals to find a healthy balance between their work life and personal life.
We know first-hand how passionate and dedicated local nonprofit professionals are – often working long hours and wearing multiple hats, all in an effort to tackle some of society’s most challenging and pivotal issues. But what are some of these nonprofit professionals doing to create more of a work-life balance?
Tell us about you.
My name is Katharine Herndon, and I'm the Executive Director of James River Writers. This is my fourth year in this role. Before this, I was a middle school language arts teacher, and I volunteered with JRW a lot (which anyone who's been around non-profits knows is a slippery slope!).
Next on deck in our blog series on local B Corps is Synapse, a membership networking organization that “facilitates connections between businesses, and businesses and nonprofit groups for community and economic development.” What does that look like in real life? A Synapse Hub – where groups of business and nonprofit community members gather to exchange resources, ideas, and make valuable connections. Nonprofit hosts have an opportunity to share updates and needs with a captive audience at the Hub.
ConnectVA attended a recent hub at Unbound RVA, and sat down with Keith Reynolds, Co-Founder of Synapse to learn more about the Synapse story:
Tell us about you:
My name is Brendan Folmar. I’m the Principal for the Virginia Home for Boys and Girls’ (VHBG) alternative K-12 school called the John G. Wood School. I’ve worked more than 28 years in central Virginia in residential youth treatment facilities and have numerous endorsements and certifications in administration and supervision including PreK-12 education with specialization in emotional disturbance, learning disabilities, and crisis prevention.
B Corps. Diversity and inclusion. What do these two things have in common? They were both identified by Independent Sector as key factors affecting the social sector in the years to come. They are also defining characteristics of TMI Consulting – a management consulting firm and certified B Corps that specifically serves as a diversity and inclusion strategy resource for clients.
We talked with Tiffany Jana, CEO and President of TMI, to ask her a few questions about the company and the B Corps movement:
As more and more companies make community engagement a priority and add corporate responsibility pages to their websites, and as "benefit corporations" continue to rise, the definition of the social sector is becoming increasingly broad. In the past, businesses were reactive, performing social sector engagement for reputation management. Now, there is demand among consumers, and preference among talent, for socially-engaged brands. As we illustrated in a previous piece, younger generations' are attracted to employers who emphasize community engagement and social impact, regardless of whether that means working for a nonprofit, a for-profit, or something in-between.