Water Cooler at Pegasus Park in Dallas has reached capacity with the addition of six new organizations that are moving into the social impact hub this summer.

The new tenants include Engage Dallas, Housing Forward, PCCI, Teach for America, Texas Women’s Foundation, and The 2.0 Collaborative, Water Cooler said.

“Water Cooler has become home to an exceptional group of organizations that embrace the idea of sharing space to foster meaningful collaboration in service to their missions,” Lyda Hill, entrepreneur and founder of Lyda Hill Philanthropies, said in a statement.

“I look forward to continuing to see positive results from the Water Cooler tenants as they individually and collectively address major issues in our community and beyond,” Hill added.

Now among the largest nonprofit shared space communities in the U.S.

Water Cooler at Pegasus Park is sponsored by Lyda Hill Philanthropies, in partnership with J. Small Investments and Montgomery Street Partners, and managing partner The Dallas Foundation.

Engage Dallas and The 2.0 Collaborative will move to the seventh floor of the nonprofit shared space, while four of the organizations will be moving into Water Cooler’s shared suite on the 10th floor.

That brings the facility to full capacity with a total of 32 tenants, ranking it among the largest nonprofit shared space communities in the country.

Co-located among five floors of 18-story tower

Water Cooler’s nonprofit and philanthropic tenants are co-located among five floors and roughly 175,000 square feet within Pegasus Park’s main 18-story tower in Dallas.

Water Cooler said the new tenants join founding tenants Commit Partnership, The Dallas Foundation, United to Learn and Uplift Education, and existing tenant organizations including Aspire, Big Thought, Carson Leslie Foundation, ChildCareGroup, Circuit Trail Conservancy, City Year, Education is Freedom, Grant Halliburton Foundation, Junior Achievement of Dallas, Keep America Beautiful, Leukemia Texas, Lone Star Justice Alliance, OneStar Foundation, Operation Homefront, Philanthropy Southwest, Principal Impact Collaborative at UNT Dallas, Social Venture Partners Dallas, SWAN Impact Network, Texas Trees Foundation, TexProtects, The Nature Conservancy, and The Trust for Public Land.

It’s named after the common encounters over the proverbial water cooler that are known to foster community and improve productivity. Water Cooler at Pegasus Park said the office space features a mix of full and partial-floor tenants and a co-working suite for smaller organizations.

Water Cooler said its mission is to support organizations in their quest to attract and retain talent, engender collaboration among members, reduce administrative costs, and ultimately, increase collective impact on key social issues.

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