Social Investment Practice "Mission, Money & Markets" article series
The Kresge Foundation's Social Investment Practice team will share its lessons learned and newest thinking in a monthly article series, "Mission, Money, & Markets." Check for our latest article the last Monday of each month.
5. Capital for communities and efficient, impactful opportunities for investors
In 2016, we made a commitment to invest $30 million through a standard loan offering in Community Development Finance Institutions (CDFIs) and Development Finance Agencies (DFAs) working in ways aligned with Kresge program strategies to expand opportunity and equal access to capital in America’s cities. Called Kresge Community Finance (KCF), we launched an RFP and wondered whether the field would welcome a standardized loan product offering patient capital. The answer was "yes." Read full article.
4. Water-systems initiative will invest in green infrastructure, solutions to climate-related storms and flooding
Regardless of where you live, challenges in the water sector affect us all. Our changing climate – exacerbated by emissions of carbon dioxide and other greenhouse gases – drive more frequent and intense flooding events. So, is there role for capital solutions to address this issue? Read full article.
3. Community Development Finance in America – A Glass Half Full
When you consider the federal support for community development finance in the U.S., you have to see the glass as half full, writes managing director Kimberlee Cornett. Read Kresge's view of the field from our work with partners on the ground who receive federal dollars and see the infigraphic that shows the return on investment from CDFIs. Read full article.
2. Municipal bonds and the trend toward social justice
How does the municipal bond market intersect with The Kresge Foundation’s mission to create opportunities for low-income people in American’s cities? And how might we influence the market to put greater consideration on the long-term impact of socioeconomic characteristics, such as income inequality, on the fiscal outcomes of cities? Read full article.
1. Introducing "Mission, Money & Markets," new article series on social investing
In the first edition of “Mission, Markets & Money," Kimberlee Cornett, managing director for Kresge's Social Investment Practice, introduces the series. Each month through 2017, we’ll share what’s working – and what’s challenging us – in our impact investing work at Kresge, where we have committed to making $350 million in impact investments by 2020. Read full article.