Representative Grants & Impact Investments
May 25, 2022 | Grantee Profile | Impact Investments

Our impact investment work includes mission- and program-related investments to support intermediaries and impact-driven enterprises working around the world, as well as grants to organizations and academic institutions that are building knowledge and connection throughout the field and advancing the practice of impact measurement and management.

 

Representative Impact Investments


ANKUR CAPITAL FUND II

2020 | $7,500,000
Program-related investment to provide early-stage capital to innovative businesses in agritech, food, healthcare, education, financial inclusion, and logistics that improve the lives of underserved, low-income people in India.

 

AZOLLA VENTURES FULL-CYCLE FUND I, LP

2021 | $5,000,000
Mission-related investment into the Azolla Ventures Full-Cycle Fund I, LP to support climate change mitigation by investing in early-stage technology ventures with the potential for significant reductions in greenhouse gas emissions.

 

CAST US (THROUGH ARC CHICAGO, LLC)

2021 | $10,000,000
Program-related investment to support a $70 million fund that seeks to bridge the capital and resource gap impacting Black, Latinx, and women entrepreneurs in Chicago’s South and West Side neighborhoods. This investment was made by Arc Chicago, LLC, an impact investment fund created to implement the Benefit Chicago initiative, a collaboration between the MacArthur Foundation, The Chicago Community Trust, and Calvert Impact Capital.

  

IMPACT AMERICA FUND II

2020 | $7,500,000
Program-related investment to support an impact venture capital fund investing in early-stage companies that advance the economic agency and participation of low- and moderate-income communities of color in the U.S.

 

INCLUSIVE PROSPERITY CAPITAL

2021 | $5,000,000  
Program-related investment to a mission-driven specialty financing intermediary to provide financing for clean energy investments in low-income and traditionally under-resourced markets.

 

UP FUND

2020 | $5,000,000
Program-related investment in the form of equity to the UP Fund, LP to improve access to workforce education and high-quality employment opportunities for low-income and underserved people in the United States.

 

 

 

Representative Grants


AFRICAN AMERICAN ALLIANCE OF CDFI CEOs

2022 | $350,000
To support general operations for a coalition of over 50 Black-led community development financial institutions (CDFIs) committed to the support and growth of Black communities and the Black executives leading CDFIs that serve those communities.

 

CHICAGO COMMUNITY TRUST 

2021 | $250,000
To support the Fund for Equitable Business Growth, which seeks to advance equity and opportunity for small businesses in the Chicago region, with a particular emphasis on entrepreneurs of color.

 

FOUNDERS FIRST COMMUNITY DEVELOPMENT CORPORATION

2020 | $150,000
To support the expansion of a nonprofit business accelerator program focused on entrepreneurs who are BIPOC, women, veterans or located in low- and moderate-income areas into Chicago.

 

MISSION INVESTORS EXCHANGE

2021 | $470,000
To support a membership network of more than 260 foundations by providing information, resources and a platform for learning, dialog, and collaboration among its members, including sponsorship for its 2021 conference.

 

NEW VENTURE FUND

2021 | $600,000
To New Venture Fund's to provide flexible support to the US Impact Investing Alliance, which seeks to raise awareness of impact investing in the United States, foster the deployment of impact capital, and work with stakeholders to help build the impact investing ecosystem.

 

TIDES CENTER

2020 | $200,000
To support VC Include, a national investment fund accelerator that is designed to develop and support diverse, institutional-grade emerging fund managers in venture capital, private equity, and impact investing, with the goal of increasing the flow of capital to female and BIPOC investment fund managers who remain dramatically under-represented in the investments field. 

 

 


Updated May 2022

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