Here’s how foundations are bringing solar to lower-income communities Solar finance "The rooftop solar industry is booming, but far too few lower-income Americans are benefiting as a result. It’s a “modern version of redlining,” according to Joe Evans of the Kresge Foundation. Now an increasing number of charitable foundations are stepping up to redress that injustice, using a range of approaches to bring the benefits of solar to the communities that need it most. "
Environmental justice investors: It’s the demand-side, stupid! Op-ed "But that funding will go underutilized, and we will fail to fully leverage this historical investment, without significant attention to two barriers to adoption and scale of greenhouse gas-reducing efforts in Justice40 communities."
RE-volv secures investment to build solar projects for non-profits Solar finance “Climate change overburdens people of color and low-wealth communities, which are more likely to face power affordability issues, experience intermittent power loss, and live adjacent to polluting energy sources that impact health,” said Joe Evans, portfolio director and social investment officer at The Kresge Foundation.
Community-Driven Solar Investments Bring Clean Power to Underserved Neighborhoods Solar finance The nonprofit solar provider RE-volv recently closed a $3 million investment to finance solar installations at nonprofit organizations in underserved neighborhoods across the U.S
Making Federal Infrastructure Funding Equitable—What Philanthropy Can Do Op-ed This time around, how do we ensure these dollars land equitably on the ground in communities with the greatest need, particularly in cities and neighborhoods where Black, Indigenous people, and people of color are the majority?
Q&A with Joe Evans on Kresge Foundation’s $30MM Commitment for CDFIs and DFAs Industry Blog OFN interviewed Joe after Kresge launched Kresge Community Finance.
Kresge Awards $14 Million to Community Finance Institutions Community Finance "We wanted to test the demand for a standardized product of patient capital for CDFIs and DFAs," said Joe Evans, portfolio manager of Kresge's Social Investment Practice, "and to demonstrate to other investors an efficient approach to meeting the capital needs of low-income communities."
Commentary How a Kresge grant helped leverage millions in investments to the CDFI sector in Hawaii August 9, 2023 Social Investment Practice
Commentary Four steps foundations can take to ensure federal funds land equitably in BIPOC communities April 6, 2022 Environment, Social Investment Practice
Commentary After closing, how can social investors continue to shape how their capital is put to work? February 23, 2022 Environment, Social Investment Practice
Commentary Mission, Money & Markets Blog Mission, Money & Markets: A new fund launches to spread equitable financial services in the South September 17, 2019 General Foundation News
Mission, Money & Markets Blog Mission, Money and Markets: Looking back on 2017 December 19, 2017 General Foundation News
Mission, Money & Markets Blog Mission, Money & Markets: Capital for communities and efficient, impactful opportunities for investors September 27, 2017 General Foundation News
News Mission, Money & Markets: Capital for communities and efficient, impactful opportunities for investors June 27, 2017 Social Investment Practice