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Winners of Yale Business-Plan Contest for Charities

May 27, 2004 | Read Time: 3 minutes

Following are winners and finalists in the business-plan competition organized by the Yale School of Management-Goldman Sachs Foundation Partnership on Nonprofit Ventures:


TOP WINNERS: $100,000 EACH

Coastal Enterprises Inc.

(Portland, Me.)

For CEI Community Ventures, a venture-capital fund that will make private equity capital investments in 15 to 18 small companies and provide operating support to more than 100 companies in economically strained areas in Maine, New Hampshire, and Vermont.


Dakota Area Resources and Transportation for Seniors

(West St. Paul, Minn.)

For the Darts Vehicle Maintenance Service, a business that offers repair and preventive- maintenance services for charities in the Twin Cities that transport clients in cars, vans, and other vehicles.


The Rescue Mission

(Liverpool, N.Y.)

To open a “$1 Shopper” section at the organization’s thrift stores to sell new items, such as socks and underwear, cleaning supplies, and baby-care items.


VolunteerMatch

(San Francisco)


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For VolunteerMatch Corporate, an online service that allows companies to manage their employee- volunteer programs and to list the volunteer opportunities found on VolunteerMatch’s Web site on their internal Web sites.


RUNNERS-UP: $25,000 EACH

I Do Foundation (Washington)

For I Do Charitable Wedding Services, which works with retailers to offer wedding-gift registries that donate a percentage of the purchase price of the gifts to a charity designated by the couple getting married.


La Casa de Don Pedro

(Newark, N.J.)

For La Olla, a catering service that sells meals to child-care organizations, after-school programs, and other human-service groups in Newark.


Urban Homesteading Assistance Board

(New York)

For UHAB Mutual, (New York) a venture that will offer low-cost property and liability insurance to cooperatives in New York City that house needy people.


Work Resource Center

(Cincinnati)

For Building Value, a business that salvages reusable building materials and makes them available to low-cost-housing contractors and the general public at its discount retail center.


OTHER FINALISTS

Bushnell Performing Arts Center

(Hartford, Conn.)


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For ElderArts, a business that provides hands-on art workshops to elderly people who reside in independent-living and assisted-living facilities.


Charles River Watershed Association

(Waltham, Mass.)

To manufacture and sell SmartStorm, a rainwater-recovery system that provides nonpotable water for lawn and landscape irrigation.


Child Care Resources

(Missoula, Mont.)

For an online service that offers training to child-care providers to meet their annual licensing requirements.


The Doe Fund

(New York)

For a pest-control business that provides training and employment for homeless people re-entering the work force.


Dress for Success Cincinnati

For the 4th Street Boutique, an upscale used-clothing shop in downtown Cincinnati.


Inner City Christian Federation

(Grand Rapids, Mich.)


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For Providence Home Mortgage, which provides mortgage financing and other services to people seeking to purchase housing, including those who may have difficulty securing loans from traditional banks.


Institute for Caregiver Education

(Chambersburg, Pa.)

For Skills4Care, an online service that provides continuing education for managers in the long-term-care industry.


The Living Bank International

(Houston)

To create online organ-donor registries for states that do not already have them, and provide consulting services to states and organizations that run their own registries.


Manchester Craftsmen’s Guild

(Pittsburgh)

For MCG Jazz, a record label that produces jazz recordings and offers production services at its recording facility.


Meals on Wheels of Greater Richmond

(Va.)

For the Meals on Wheels Café, a quick-service restaurant at an industrial park in Colonial Heights, Va.


Pro Bono Net

(New York)


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To create new Web services designed to help large law firms manage their pro bono programs.


Project Reach Youth

(Brooklyn, N.Y.)

For Venture Catering, a food-preparation company that provides employment to teenagers and young adults who have completed the organization’s culinary-arts training program.

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