Although the SeaChange-Lodestar Fund will consider transactions from coast to coast and in every issue area, it only makes grants in situations where independent, flexible, and fast funding can play a material role in the exploration, structuring, or successful completion of a transaction. The Fund will not consider transactions that have been completed, or that appear to be on-track and well-funded. In addition to making grants in support of particular transactions, the SeaChange-Lodestar Fund is active in building the field of nonprofit collaboration by developing and sharing knowledge.
The SeaChange-Lodestar Fund was established in 2009 after The Lodestar Foundation approached SeaChange Capital Partners to explore how we might work together. Lodestar, founded and funded by Arizona entrepreneur Jerry Hirsch and led by Lois Savage, has been virtually alone among U.S. Foundations in its longstanding focus on supporting collaboration. The Lodestar Foundation is the fund’s founding and largest donor. SeaChange co-invests alongside Lodestar and manages the day-to-day activities of the fund. Since inception, the fund has evaluated about 375 opportunities and funded more than 95 transactions. To see an internal report on the first few years of our grant-making, click here.