OVERVIEW
Richmond Ed Fund is a local nonprofit for public education. They help students in Richmond Public Schools get the support they need, in order to learn, grow, and dream big. By funding new programs, teacher training, and community partnerships, they give students more chances to succeed.
Their goal is to close the gap between what students have and what they could have so that every child can feel seen, supported, and ready for the future ahead.
BACKGROUND
Richmond Ed Fund, was once tied closely to the public school system, but wanted to be something more.
Instead of just being seen as another school partner, they dreamed of becoming a venture fund for students futures.
A bold step toward funding big ideas, student dreams, and real impact in the world.
They needed a brand, a message, and an experience that would help shift how people viewed them, and what they could possibly do for their students.
TENSION
People often judge schools by their past, and not by the potential of their students.
Because of this mindset, many Richmond students were overlooked. Especially those from under resourced communities.
The real issue is not a lack of talent, but a lack of belief and investment in what these students could become.
This is what we created, that's called the Imagination Gap.
INSIGHT
When students aren’t seen for who they could become, they stop imagining who they could potentially be.
This emotional and cultural gap leads to a cycle of limited belief, under investment, and missed opportunities, especially for the underserved youth.
- Some want their peace and a space to sketch it out, reflect, or even to reconnect
- Others want a fast and more consistent coffee without any of the chaos
- But as one, they all want a choice, in which a place that helps in connecting them to who they are, both emotionally and culturally
STRATEGY
From Gaps to Growth. The idea was to transform InnovatEDFund from a school affiliated initiative to an independent venture fund, that:
- Celebrates student imagination
- Prioritizes future milestones, and not just past stats
- Builds belief and support across the donors, families, and school
STRAT LINE
Think Forward. Fund Forward.
BUSINESS IMPACT
Repositioning the Richmond Ed Fund as a venture fund will help unlock new initiatives for students and increase potential funding from trusted partners. The rebrand will lead to a fundraising surge, from $1 million a year to $3.4 million in just 4 months, with a projected $5 million by mid 2025.
This growth won't just be financial, but a shift in how education is supported. The new strategy will help to attract donors, spotlight future focused investments, and drive real outcomes like a 19% increase in graduation rates for multilingual students.
- Win back their everyday consumers who left due to the high costs or cold experiences
- Increase customer frequency by offering flexible formats, such as: GO for the quick visits, and Third Home for the longer stays
- Strengthen their brand loyalty and cultural trust across the diverse communities
- Boost same store sales and retention, by reconnecting with their customers emotionally, and not transactionally
With a rebrand and digital tools, Richmond Ed Fund will be ready to scale, and prove that investment in imagination is a profitable tool for student success.
- Instantly send and receive money—across banks, borders, and apps
- Cut out hidden fees and confusing conversions
- Connect their home bank accounts to their lives abroad
- Pay, split, and share money the same way they would back home
All done with clarity, speed, and security.
Let money speak your language.