July 22, 2024
Rainmatter Foundation

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Annual budget:
No fixed budget
Year established:
2021
Team size:
10–19
Mission:
Rainmatter Foundation strives to become a platform for stakeholders working in the climate space to collaborate, support ideas, and advance progress on issues affecting forests, water, soil, farm, food systems, ecology, energy, and transport.
Rainmatter uses a multi-pronged approach that focuses on the impact potential of its portfolio rather than on a single organisation. It supports a variety of problem-solving approaches and identifies grantees that are mission-aligned and agile in operations. It disburses funds as grants and fellowships to nonprofits and individuals and as investments in for-profits and start-ups working in the climate space.
The foundation engages with organisations that have a bottom-up approach to addressing environmental issues that centres on communities and place.
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In its initial phases as an organisation, Rainmatter adopted principles of transparency and openness in grantmaking, along with the supporting systems and processes. Historically, nonprofits have had difficulty addressing community needs when funders step in to determine their mission and goals. Rainmatter aims to address this potential loss of nonprofits’ agency through open communication and transparency with its partners.
Rainmatter asks its grantees to conduct self-assessments to identify gap areas and define future direction. It encourages grantees to adopt a learning and growth mindset so they can be agile in their problem solving and pivot if the need arises. Rainmatter’s approach to supporting true costs has helped its nonprofit partners focus on delivering impact given the assurance of core-costs coverage and opportunities to build organisational capabilities.
Rainmatter uses an iterative approach to problem solving that it borrowed from for-profit start-ups to help unlock new solutions. This approach allows it to fund risky and unconventional bets.
Rainmatter engages with other funders to understand their philosophies, values, and grantmaking approaches to improve its ways of working. For example, it applied what it learned about trust-based philanthropy from the Rohini Nilekani Philanthropies to build more meaningful and effective relationships with partner organisations and thus advance its overall impact goals.
Over the next few years, Rainmatter intends to advance the domestic philanthropic ecosystem through role modeling, messaging, and peer-to-peer engagement. In doing this, it hopes to inspire a number of new philanthropic actors to support nonprofits, changemakers, and anyone trying to serve those in need.
