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How Guarantees Can Advance Community Development and Racial Equity

NonProfit Quarterly

Image Credit: Charlota Blunarova on unsplash.com Private foundations are best known for their grantmaking. However, each year, foundations nationwide invest hundreds of billions, often with the simple goal of maximizing financial returns to fund future grants. At the most basic level, a guarantee is akin to automobile insurance.

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Impact Investing Can’t Deliver by Chasing Market Returns

Stanford Social Innovation Review

Most practitioners working in community development have accepted this as the reality of impact investing: The harder you drive for social impact in disadvantaged communities, the farther away you get from unbuffered full market return. But the hype persists.

Marketing 122
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A Social Movement Requires Momentum

Stanford Social Innovation Review

Corporations and institutional philanthropy began issuing passionate statements about “meeting the moment” and “showing up” in communities in ways that they hadn’t done before, making financial commitments that now total $340 billion. Heron Foundation offers an example of 100 percent impact endowment alignment.

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Gumbo for the Struggle: Recipes of Liberation from the Cultural Kitchen

NonProfit Quarterly

million in renovations to support a community-developed plan to reopen this legacy site as a collectively owned community asset. She is also the curator and founder of Betti Ono Foundation. BAMBD CDC is an arts-based organization invested in community development writ large.

Culture 120
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How Resident-Owned Communities Can Create Mass Affordable Homeownership

NonProfit Quarterly

Founded in 2008 with backing from the Ford Foundation, NeighborWorks America, New Hampshire Community Loan Fund, Capital Impact Partners, and Prosperity Now, ROC USA and its affiliates have assisted 22,000 residents in over 300 communities in 21 states to collectively purchase and manage their ROCs.

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Making Food Systems Work for People of Color: Six Action Steps

NonProfit Quarterly

And in so doing we are challenging the community development field to do better—by creating new tools to support truly equitable food-oriented development. Many large community development financial institutions , credit unions, and foundations present themselves as community-based food financing leaders.

Food 116
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How to Advance a Regenerative Economy

NonProfit Quarterly

In its first two years, the NEW Fellowship was funded by Communities of Opportunity (which receives support from King County and the Seattle Foundation) and the New Economy Washington Funders Collaborative. The Seattle Foundation has been a leader in a national movement to build Black funds.