What is Team IMPACT?
Team IMPACT is a 501(c)(3) nonprofit organization dedicated to improving the quality of life for children battling life-threatening and chronic illnesses. The organization achieves this by drafting children onto college athletic teams, making them official members from 'Draft Day' through to graduation. This unique program aims to provide social, psychological, physical, and academic support, thereby significantly enhancing the children's overall well-being. Team IMPACT envisions a future where all children facing such adversities have access to this collegiate team-based support system. The organization also seeks to raise awareness and foster support for medical and disease communities among collegiate teams.
How much funding has Team IMPACT raised?
Team IMPACT has raised a total of $943K across 2 funding rounds:
Debt
$350K
Debt
$593K
Debt (2020): $350K with participation from PPP
Debt (2021): $593K led by PPP
What's next for Team IMPACT?
The recent major strategic investment signals a period of potential expansion and enhanced program delivery for Team IMPACT. This influx of capital is likely to be directed towards scaling operations, reaching more children and families, and potentially developing new initiatives to further support the mission. The enterprise-level nature of the funding suggests a strong belief in the organization's long-term sustainability and its capacity to create lasting positive change. Future efforts may focus on strengthening partnerships with universities and expanding the network of participating athletic teams, thereby broadening the reach and impact of their unique support model.
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