Refoundry is an innovative new not-for-profit that trains formerly incarcerated people to repurpose discarded materials into home furnishings and incubates participants into their own businesses.
Refoundry is dedicated to reducing our nation’s prison population of 2.2 million and the 75% recidivism rate by establishing a cost-efficient and scalable model that can empower those most affected by our broken criminal justice system to transform their lives and their communities.
Our model is built upon co-founder Cisco Pinedo’s success in incubating former employees into seven businesses that now provide jobs to more than 150 people from the impoverished South Central Los Angeles community.
THREE PILLARS OF REFOUNDRY
Collaboration: Refoundry accesses the services, expertise, and knowledge base of existing resources, building sustainable partnerships of mutual benefit with non-profits, governmental agencies and private businesses.
Self-Reliance: Although a dedicated non-profit, Refoundry is run like a for-profit enterprise, modeling revenue production, operational efficiency and self-reliance to its participants. For example, during their long-term training, program participants craft product that the organization sells to help cover costs: When the program is fully scaled revenues are projected to cover 50% of the operating budget, including participant salaries.
Entrepreneurship: Refoundry’s model is designed to help move people who have long drawn from the tax base to become business owners who provide jobs, build wealth, and drive real economic development in their mostly poor and underserved home communities.