Open Road Alliance

Keeping impact on track

Overview

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Long Island City, New York, United States of America
Fiji, Kiribati, Micronesia (Federated States of), Nauru, Palau, Papua New Guinea, Samoa, Solomon Islands, Tonga, Tuvalu, Vanuatu, Africa, Americas, Antarctica Region, Asia, Europe, Australia and New Zealand
Agribusiness, Business services, Clean technology and energy, Utilities, Construction and manufacturing, Creative, media and entertainment, Education, Financial services, Healthcare, ICT, Leisure and travel, Retail and wholesale, Consumer durables, Consumer non-durables, Transport and logistics, Water, sanitation and hygiene, Automotive, Clothing and textiles production, Computer hardware, Electronics, Food production, Furniture
Open Road Alliance is a private philanthropic initiative that provides capital to nonprofits and social enterprises for mid-implementation projects facing an unexpected roadblock or a sudden catalytic opportunity.

About Open Road

Open Road Alliance is a private philanthropic initiative that serves the social sector by Keeping Impact On Track in an unpredictable world. Open Road was founded in 2012 by psychologist and philanthropist Dr. Laurie Michaels to address the need for contingency funds and the absence of risk management practices in philanthropy. We provide both short- and long-term solutions to unexpected challenges that arise during project implementation, so that impact and finite resources can be maximized across the social sector. To meet immediate needs, we offer fast, flexible funding to nonprofits and social enterprises facing discrete, unexpected roadblocks during project implementation. We fund via two portfolios, Charitable Grants and Loans. Open Road Loans are below-market-rate and disbursed via our loan fund, Open Road Ventures. Open Road sees every grant and loan it makes as an investment for social impact. Our funding model is based on speed and financial leverage. In addition to our investment portfolio, Open Road promotes the long-term, sector-wide adoption of better risk management practices. In collaboration with peers, we conduct research, develop tools, and generate data on approaches to financial and non-financial risk management. By disseminating learnings and advocating for the adoption of best practices, Open Road is working to make risk management as commonplace in philanthropy as monitoring and evaluation; ultimately, preserving finite resources and social impact in our sector.