Venture Capitalist for Nonprofits Disrupts Cycle of Poverty for Bay Area Youth
FOR IMMEDIATE RELEASE
SAN FRANCISCO, CALIF. — All Stars Helping Kids, founded by NFL Hall of Famer Ronnie Lott and his wife, Karen, to provide disadvantaged and marginalized youth with opportunities to achieve their full potential, is proud to announce the release of their 2020 Impact Report.
Since launching the All Stars Accelerator Program in 2012, All Stars and its portfolio of innovative nonprofits partners have reached more than 132,000 youth across the Bay Area. The 2020 Impact Report highlights how nonprofits in the Accelerator Program have:
- – Grown their revenue by 290%
- – Expanded their programs and services by 214%
- – Increased the number of youth reached by 407% – reaching more than 51,000 in 2019 alone.
- – Generated more than $36.5M in revenue for the local economy and created 300 new jobs.
As low-income communities and communities of color continue to bear the brunt of the public health and economic impact of COVID-19, it is more critical than ever that we build a network of strong, effective, and impactful nonprofits serving our most vulnerable youth and communities.
Each year, All Stars selects a cohort of groundbreaking Bay Area nonprofits to participate in a three-year intensive accelerator program designed to help build the organizational capacity, financial sustainability, and community impact of those organizations working to disrupt the cycle of poverty for Bay Area youth.
“All Stars Helping Kids was a game-changer for Mindful Life Project! The seed funding & support has been one of the keys for growing our impact from 150 students in one neighborhood in Richmond in 2012 to now supporting tens of thousands of students each week across the Bay Area & beyond!”
– JG Larochette, Executive Director of the Mindful Life Project
In order to achieve true economic and racial equity we must develop new and innovative solutions to break the cycle of poverty that is preventing far too many youth from achieving their full potential. All Stars and our portfolio of nonprofit partners work to ensure youth in low-income and marginalized communities have access to a quality education and the support needed to go on to college; the skills and resources they need not to just get a job but a career, and that they can stay healthy in body and mind.
“Life is about the calling to serve, to help another human being,” said Founder Ronnie Lott. “When you help them, that makes you a better teammate. An All Star can be anyone!”
About All Stars Helping Kids:
Our mission is to disrupt the cycle of poverty and encourage innovation by seed funding start-up nonprofits in the Bay Area. We believe the convergence of our three tenets are essential to the development of a whole child from early childhood to college: Access to Education, Career Readiness, and Health & Wellness. ASHK was founded in 1989 by Hall of Famer Ronnie Lott and his wife, Karen Lott.
The All Stars Helping Kids team would like to thank Richard Barker for his generosity in making this Impact Report possible.
Contact: Mega Jewell
Date: January 14, 2021