Setting a Vision: A Values-driven Culture

Setting a Vision: A Values-driven Culture

Last week, I wrote about the first step in shifting and improving culture—to identify and acknowledge the prevailing culture by listening, by asking, and by creating the trust required to elicit honest feedback—even when it is hard to hear.

Assessing the current culture creates a starting place from which to make shifts or improvements as identified through perceived gaps. Once that assessment is clear, the next step is to be intentional about the values that will drive our culture and we must define the behaviors that reflect those values.

Culture will either be a company’s greatest asset or largest liability. While culture has many aspects and manifestations, its core should include a clear sense of purpose and shared values that guide decision making across the company.

For The Fedcap Group we value the following:

    • Solving, not just serving problems.
    • Authentic collaboration and partnerships that result in fully integrated
      (not stove pipe) solutions for people with barriers to economic and social well-being.
    • Sustainability and Corporate Health
    • Thinking about What’s Next—being prepared for the changing market place
    • The Power of Possible
    • Transparency in our financial and programmatic results to all stakeholders

Because this is what we value, this is what we talk about. These are the topics on which we spend our time and our resources.

Translating those values into behaviors is the secret sauce. Because company culture is a concept that is easier to experience than to describe, we spend a good amount of time talking about what we want people to do, what a value driven set of behaviors looks like. For example, we place a high value on people collaborating with one another. In fact, we believe that we will only accomplish our organizational goals if we are highly effective team players. So, we are focused on how people behave around others—in meetings or in formal settings—and how they behave when they are alone or in informal conversation with their colleagues. Do they respond to e-mails and phone calls? Do they value one another’s worth? Their time? Do they carve out time to brainstorm precise interventions that, when accurately sequenced could create profound impact?

We also value innovation and creating real solutions to pressing societal issues. As such it is imperative that we bring talent to the work. Talent tends to multiply. The more energy and attention you invest in it, the greater the yield. So how do we find talent? Are we creative? Are we known as a premier employer? Do our job descriptions reflect our values? Do our interviews? Once we find talent, how do we onboard? How do we lay out expectations? Are our policies clear? How do we support talented individuals in their efforts to develop solutions?

We value sustainability–financially, reputationally, programmatically. As such we spend a lot of time talking about risk and risk management. We expect every individual in the company to be aware of their role in ensuring that our reputation remains intact. We stress that risk management is everyone’s job. So, when I talk to staff informally, I ask them, how are you managing risk in your role? What are you doing to ensure that your program is financially solvent? We have embedded Risk Management discussions into our Brown Bag Lunches and our Leadership Academy. It will be a major component of our soon-to-be-launched Executive Institute. Also, data is imperative to a sustainable organization. So we have invested in technology and we expect that leaders understand their data—and act on it. And to all of this and more, we stress, if you see something that could impact the health and future of the organization…say something.

Building a culture where people’s behaviors are a direct reflection of our values is the job of any leader. While it is not easy, corporate culture is the only sustainable competitive advantage that is completely within our control.

“Whether it’s giving an individual their first opportunity or making sure they get that second chance, The Fedcap Group’s family of organizations have been breaking down barriers to economic well-being for decades. It’s a privilege to be part of Fedcap’s mission-driven work.”

Jim Malatras

Chief Strategy Officer and Senior Vice President of Education

Jim Malatras

“Whether it’s giving an individual their first opportunity or making sure they get that second chance, The Fedcap Group’s family of organizations have been breaking down barriers to economic well-being for decades. It’s a privilege to be part of Fedcap’s mission-driven work.”

Jim Malatras

Chief Strategy Officer and Senior Vice President of Education

As Chief Strategy Officer, Dr. Malatras drives research, policy and strategic planning for The Fedcap Group. As Sr. VP of Education, he is responsible for designing and overseeing innovative solutions that expand educational access for children and adults with barriers to sustainable economic well-being.

Dr. Malatras brings a wealth of experience to his work at The Fedcap Group serving twenty plus years in government and higher education, serving as an energetic change leader and a problem solver with a deep understanding of government, education, crisis management, and public policy. Jim served as Director of State Operations for New York State where he was responsible for managing day to day operations of state agencies, the 120,000 plus workforce, and implementation of the $175+ billion annual budget.

Dr. Malatras served as the 14th Chancellor for the State University of New York—the largest comprehensive system of higher education in the U.S., Vice Chancellor for Policy and Chief of Staff at the State University of New York and President of Empire State College. In these roles he expanded college access and linked higher education with workforce demand—especially for underserved communities. He kept the SUNY system open to in-person instruction during COVID and was responsible for creating post-COVID policies/protocols to reopen the state’s 700 school districts for 2.7 million students.

Dr. Malatras brings a wide-ranging policy background to his role as Chief Strategy Officer, having served as Chairman of the New York State Reimagine Education Advisory Council, Executive Director of the New NY Education Reform Commission, and was the point on education policy for the Governor of New York State.

Finally, his research background as the President of the Rockefeller Institute of Government—a think tank providing evidence-based public policy to decision makers across the United States—advances the work of The Fedcap Group’s Community Impact Institute.

Dr. Malatras received his B.A. (summa cum laude), M.A., and Ph.D. in political science from the University at Albany where he won the Presidential Distinguished Dissertation Award.

FY19 First Half Financial and Operating Results

FY19 First Half Financial and Operating Results

On Wednesday, May 29th, 2019, The Fedcap Group released its FY19 First Half Financial and Operating results. This effort, conducted twice a year, provides key stakeholders with regular and timely disclosures about financial and operational performance, mission-related impact, and trends and challenges for The Fedcap Group and underscores our commitment to fiscal transparency.

Please click on the image below to download the PowerPoint presentation.

Pathways Out of Poverty

Pathways Out of Poverty

The United States is considered one of the richest nations in the world, yet we rank below 16 developing countries in terms of poverty. Only four other countries rank below the U.S.

As of 2018, 42.6 million Americans were living in poverty. Of those, 13.4 million are children—nearly the total populations of New York City and Los Angeles combined.

The consequences for children born in and living in poverty do not disappear as they age. The impact of their poverty extends beyond their immediate family and seeps into every sector of the community, from education to service and product business to government and charitable entities.

Children who are poor are hungry. They have problems with memory and concentration. Their sleep patterns can be disrupted. Their brain development can be stalled or stagnated. They are more susceptible to illness. They are more prone to anxiety, depression, and withdrawal. They tend to behavioral issues, which may well have consequences in the classroom and in the community. As they grow up, these consequences take their toll on society as these children default to crime, substance use, or other mental illness based on inadequate means from birth.

At The Fedcap Group, we know that education and employment are the pathway out of poverty. Every one of the top-tier companies that are part of The Fedcap Group are building and delivering tactical, practical, and precise innovations to improve economic well-being.

• We are creating aspirational environments within educational settings—encouraging children of all abilities to dream big dreams and then helping them succeed.

• We are providing the tools, information and the supports so that youth transitioning from foster care can enter college and helping them graduate.

• We are providing training and building networks of healthy support so that individuals in prison re-entering society have the skills and supports to succeed.

• We are creating job opportunities in the community for those with intellectual and developmental disabilities.

• We are assisting those with mental illness and substance use disorders in their recovery and participation in the workforce.

• We are assisting individuals over age 55 to re-enter the workforce.

We are working hard to solve—not serve—the problem of poverty. 

Ultimately, the goal is to create a healthier society, where children and adults of all abilities thrive.  This is the work we do every day.

How might your business or social enterprise join our mission in creating a truly better world?

As always, I welcome your thoughts.

Creating a Sustainable Future: The Power of Impact Investing

Creating a Sustainable Future: The Power of Impact Investing

Last Tuesday, The Fedcap Group convened our bi-annual Solution Series: Socially Responsible Investing: The Moral Case for Impact Investing.   Socially Responsible Investing (SRI), is an investment strategy which seeks to consider both financial return and social/environmental good to bring about a positive change. SRI has potential in mitigating the toughest issues challenging the world today, including climate change, access to health care, and poverty.

Today, more than one out of every four dollars under management in the United States is invested in socially responsible investments. The number in the U.S. alone amounts to $12 trillion dollars.

Our panelists last week included Christina L Alfandary, Managing Director of ESG (Environmental, Social, and Governance) and Sustainable Investments at GAMCO Investors, Inc.; Robert Brown, Senior Partner and Founder of Atlas Impact Partners; and Martin Whittaker, CEO of JUST Capital. While each of our guests had a different lens on the topic, they had in common the clear precept that socially responsible investing is good for business, must keep growing as a concept and as a reality, and must be a catalyzing mechanism for ensuring the future of our planet and our society.

As the Fedcap Group refines its work in the area of Economic Development, establishing Community Development Financial Institutions as vehicles for helping individuals with barriers establish their own small business and contribute to the economy of their community, the concept of SRI is of great interest.  There is tremendous potential for investors to partner with non profits like The Fedcap Group to impact the economic well-being of people in impoverished communities.

Our Solution Series is intended to tackle topics of importance to business in the 21st century, to generate discussions on issues that require thoughtful solutions.

If you would like to watch our Solution Series on Socially Responsible Investing, you can view it by clicking here.

Enjoy!

Why We Must Challenge Assumptions to Solve Tough Problems

Why We Must Challenge Assumptions to Solve Tough Problems

At The Fedcap Group, we are in the business of solving tough problems—not just serving them.

As we work to solve problems, we spend a significant amount of time ensuring that we are clear about the actual problem we are trying to solve and we question our own assumptions about the problem, the people we are serving and the solution.

A critical component of these conversations is examining the service pathway, seeking to understand where along the pathway we might intervene to change the outcomes.  Where would a different and precise intervention make a measurable difference?  What about the current design of service systems is actually contributing to the problem?  For example, how might we change our service delivery for children with disabilities that would impact long term outcomes such as college attendance and graduation, employment, self-sufficiency?

Also incorporated into our culture, are deliberate conversations around our own assumptions, biases, and judgments that are informing our approach to problem solving. This transparency is imperative if we are to be successful.  For example, what assumptions about the capacity of people with intellectual or developmental disabilities led us to believe that sheltered workshops instead of competitive, community- based employ was the best solution?

Being transparent and inviting our biases to the table means we clear them out and we can work together to find not just an answer, but the right answer to solve, not just serve the problem.

What assumptions do you have the might get in the way of finding the best answer?

As always, I welcome your thoughts.

The Fedcap Group Launches New, International Companies to Further Advance Economic and Social Well-Being in the United Kingdom

The Fedcap Group Launches New, International Companies to Further Advance Economic and Social Well-Being in the United Kingdom

The Fedcap Group is pleased to announce the launch of two new companies in the United Kingdom, Fedcap Employment and Fedcap Scotland, extending its operations and impact throughout the U.K.

The two newly-formed companies are part of Fedcap UK–a growing network of top-tiered nonprofit agencies dedicated to the well-being of the impoverished and disadvantaged. In the U.K., the two new enterprises will oversee major employment programs across the U.K. with the hiring of 130 employees to support the continuous delivery of services to thousands of people.

Last year, The Fedcap Group, led by President & CEO Christine McMahon, expanded its footprint internationally when it combined with Kennedy-Scott, a non-profit agency that provides employment services throughout the U.K. “We are very excited about our expanding UK enterprise,” said Ms. McMahon. “The formation of these new companies means we are able to create broader impact, further leveraging the proven models we’ve developed throughout the United States. We are partnering with seasoned professionals who bring first-hand knowledge of the communities and constituencies we will be serving and who have strong partnerships with businesses and enterprises throughout the United Kingdom.”

Fedcap Employment and Fedcap Scotland will be led by workforce development expert Brian Bell. “We’re delighted to be able to help secure the jobs of many people doing amazing work across the U.K. as we look to support people back to work, or even into work for the first time,” said Mr. Bell. “We believe that everything is possible, and we’re looking forward to helping people achieve what they want. This work is just the start. We are extremely ambitious and will be building on the experience and success of our parent company, The Fedcap Group, to develop and deliver further programs of support across Britain. We will innovate and help to transform the lives of as many people as possible.”

Fedcap UK is led by its President, Grant Collins, who is also SVP for Workforce Development at The Fedcap Group. “We’re thrilled to be expanding our operations in United Kingdom to widen our global reach and scale,” said Mr. Collins. “The models we have created here in the U.S. are replicable and are having measurable and sustainable impact and now the power of those models will be felt abroad.”

For more information, please contact: Steven Zarnfaller at szarnfaller@fedcap.org.

Paving the Way to What’s Possible

Paving the Way to What’s Possible

So many of our dreams at first seem impossible, then they seem improbable, and then, when we summon the will, they soon become inevitable.” – Christopher Reeve

In 1987, Ronald Reagan declared March as National Disabilities Awareness Month. Since that time, there have been huge advances made—both theoretically and practically—around integrating individuals  with disabilities into the workforce and into the community. It has been a long, evolutionary process that included passage of the Americans with Disabilities Act (ADA) in 1990, and the Individuals with Disabilities Education Act (IDEA), that ensures students with a disability are provided with Free Appropriate Public Education that is tailored to their individual needs.

And yet, there is much more work to be done. Stereotypes, stigma, and assumptions remain.  The number of unemployed among those with disabilities still remains way too high.  And possibly the most problematic—there remains a pervasive underestimation in all that people with disabilities can achieve.

Can you imagine how different the lives of adults with disabilities would be if, as children, their circle of support including educators, the medical community, clinicians, encouraged aspirational thinking? Encouraged them to dream?  To strive to achieve what others called impossible?  How different would their lives be if we helped their families also believe in all that was possible?   If, instead of limiting expectations we fed them?  If instead of hinting at no, we shouted an unequivocal yes!

Every day we at The Fedcap Group are working to change the long-term outcomes for people with disabilities.   Our work is founded on the following principles:

  • We believe in the Power of Possible–that people of all abilities can contribute in profound ways to making this world a better place;
  • We believe that it is our responsibility to help those we serve dream big dreams—to aspire to greatness;
  • We believe that it is our responsibility to provide tools and resources to support these aspirations; and
  • We believe that it is our responsibility to help parents and other caregivers develop the skills to advocate for and encourage their loved ones to achieve their dreams;

Every day, I have the opportunity to interact with people with a diverse array of abilities. I see the contributions and I hear story after story of how diversity of skills and abilities in the workplace increases productivity, perspective, creativity, and innovation.

I believe that we are better when we surround ourselves with people who had their eye on a dream, had to work hard to get where they are and are seeing their dream become a reality.  I find this inspirational and it motivates me to keep striving.

Let’s be the one who paves the way, not the one who creates the road blocks.

The Case for Socially Responsible Investing

The Case for Socially Responsible Investing

Ten years ago, The Fedcap Group launched our first Solution Series—dedicated to addressing issues important to Business in the 21st Century.  These sessions have brought together over 2000 representatives from business, academia, foundations, government and advocates.

On Tuesday morning, March 26, from 8-9:30 a.m. at the Westin NY Grand Central Madison Ballroom, The Fedcap Group will be hosting what I believe will be one of our most compelling and topical Solution Series to date: Socially Responsible Investing: The Moral Case for Impact Investing.

As a society, it is clear we can no longer ignore the pressing social, economic, and environmental challenges that threaten the future of our generation and those to come. In my own lifetime, the world’s population has grown by billions; our climate has grown warmer and is subject to unpredictable disasters; poverty, starvation, and economic inequity are plagues that affect many more communities than just a short generation ago.

As business leaders, as investors, and as stewards of public funding, it is in our collective best interests to mobilize our capital for the long term public good. This investment approach—known as Socially Responsible Investing—or Impact Investing—provides a vehicle to make a sound and tangible difference.

One socially responsible investment framework that is gaining momentum as a system and as a structure integrates Environmental, Social, and Governance (ESG) considerations into institutional and private investing. ESG evaluates and measures the impact of how a company manages its various resources and the relative risks inherent in business operations—including environmental factors such as water, energy, and air quality, social factors such as diversity and human capital, and governance issues around ethics and integrity.

More and more businesses are investing in socially responsible ventures with favorable returns. Google, for example, invested recently $1billion in renewable energy products. Coca-Cola in investing $1 billion in help support and develop business skills in women and minority-owned suppliers.

On March 26, we will be hearing more about the case for Socially Responsible Investing from three nationally recognized experts at the forefront of this investment framework.  I invite you to register for this free forum that will lay out the foundation for the moral, the practical, and the profitable case for Socially Responsible Investing.

Click here to register now.

I look forward to seeing you there.