What happens when an organization incorporates compassion throughout its policies, procedures, and culture? What is the impact on all stakeholders in an organization when human needs for care, consideration, and connection and are considered alongside business and impact outcomes? Research, and practice, show that the needs of people and the needs of organizations are not mutually […]
The magnitude of the pandemic, economic, and racial justice crises requires impact investors to be bold, creative, and fast. As the crisis response transitions to longer-term recovery and resilience, the Minnesota Council on Foundations launched an Integrated Capital Recovery Program to enable MCF’s 150 member foundations to increase their impact quickly yet thoughtfully. This is a perfect time for foundations to make loans or “Program Related Investments” (PRIs) in addition to expanded grantmaking.
Integrated Capital, a term coined by RSF Social Finance, means using all the tools philanthropy possesses to solve a problem. MCF’s Integrated Capital Recovery Program encourages foundations to provide loans, PRIs, and other types of patient capital to CDFIs to get resources flowing to small businesses and nonprofits. The program gives a priority to CDFIs supporting businesses owned by and nonprofits led by and serving women, BIPOC (Black Indigenous People of Color), disability, LGBT as well as rural communities.
Join our session to hear from the program designers and participants, both the foundations and CDFIs involved.
Executive Director, Mni Sota Fund
President, Northside Economic Opportunity Network (NEON)
Investment Analyst, McKnight Foundation
Executive in Residence, Minnesota Council on Foundations (panel moderator)