Program-Related Investments

By providing flexible loans and other financial instruments, known as program-related investments, the Foundation helps nonprofit and social enterprises grow and leverage capital to meet the needs of underserved people and communities. Read our strategy


See All

Impact Investing in Action: Secrets to Success and Implications for the Future

Drawing from their years as field pioneers and leading researchers, Cathy Clark and Ben Thornley will discuss impact investing and its implications for philanthropy, social enterprise, and mainstream investors. Read More

What's New

Report Examines Social Impact of Corporate Investing thumbnail

Report Examines Social Impact of Corporate Investing

Some leading corporate venture capital funds are investing in deals that provide financial return as well as social and/or environment impact, according to Volans. Read More

"Grassroots Investing"

Financial Advisor Magazine
Read More
Grantmaking in Chicago thumbnail

Grantmaking in Chicago

The Foundation seeks and seizes opportunities to work locally as an expression of its civic commitment to its home, and because being rooted in Chicago yields a deeper understanding of issues faced by urban areas and ... Read More

"When Can Impact Investing Create Real Impact?"

Stanford Social Innovation Review
Read More
Wells Fargo NEXT Awards for Opportunity Finance Honor Three Community Development Lenders thumbnail

Wells Fargo NEXT Awards for Opportunity Finance Honor Three Community Development Lenders

A MacArthur-supported awards program for community development financial institutions (CDFIs) announced it will award $8.25 million to three top-performing CDFIs. Read More
  • Mission Investors Exchange

    A place where philanthropic leaders and innovators share ideas, tools, and experiences in order to increase the impact of their capital.

    Read More
  • Strength Matters Initiative

    A MacArthur-supported network of nonprofit affordable housing owners and developers supporting the growth, sustainability, and impact of the industry

    Read More
  • CARS: the CDFI Assessment and Ratings System

    CARS, a MacArthur grantee, provides comprehensive, third-party assessments of community development financial institutions' impact and financial performance.

    Read More


Portrait of Valerie Chang

Valerie Chang

Interim Managing Director, U.S. Programs
Portrait of Debra Schwartz

Debra Schwartz

Director of Impact Investing
Portrait of Allison Clark

Allison Clark

Associate Director of Impact Investing
Portrait of Urmi Sengupta

Urmi Sengupta

Program Officer, Impact Investing

Marion Goldfinger

Program Assistant
Portrait of Beth Gutelius

Beth Gutelius

Research Associate
Portrait of Louise Powell

Louise Powell

Staff Assistant

Media Contact

Portrait of Sean Harder

Sean Harder

Communications Officer