July 22, 2024

Rainmatter Foundation

Rainmatter Foundation

Organisation type: 
Domestic Philanthropy

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.

Investment Philosophy

Investment Philosophy

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.

Pay-What-It-Takes Principles in Action

Pay-What-It-Takes Principles in Action

handshake iconDevelop multiyear funder-nonprofit partnerships

  • Rainmatter supports grantees for a minimum of three years under its organisational grants programme. It believes in providing the scope and flexibility to experiment with ideas, keeping the focus of its support on long-term goals.
  • While the foundation encourages partners to identify quantitative metrics of progress, it also considers qualitative, anecdotal evidence — recognising that impact comes in a variety of ways. It views evidence of any form as critical to gauging progress and sharing learning.

fair share icon

Pay a fair share of core costs

  • Rainmatter provides unrestricted funding rooted in the principles of trust-based philanthropy. It provides flexibility to nonprofits to allocate costs based on their needs. This flexible approach is grounded in Rainmatter’s trust in the nonprofit’s vision, capabilities, and knowledge.
  • To enable the foundation to best support them, Rainmatter expects its nonprofit partners to share all necessary financial needs upfront. Rainmatter considers providing additional funds over and above the grant if the nonprofit can justify the need.

organisational development icon

Invest in organisational development

  • Rainmatter’s organisational grants allow nonprofits the flexibility to use the funding to develop or strengthen organisational capabilities. It provides nonfinancial support by conducting visioning workshops, facilitating access to outside expertise, and creating opportunities for nonprofit partners to network with others in the sector.

diversity, equity, inclusion scales icon

Embed diversity, equity, and inclusion in grantmaking

  • Community is at the centre of Rainmatter’s philanthropic approach and shapes its goals. It believes in change from the ground up and involves a diversity of stakeholders in its work.

Pay-What-It-Takes Journey So Far

Pay-What-It-Takes Journey So Far

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.

Return to Full List of Funder Profiles


Creative Commons License logo
This work is licensed under a Creative Commons Attribution 4.0 International License. Permissions beyond the scope of this license are available in our Terms and Conditions.