The mission of Impact Investing Think Tank (IITT) is Unleashing More Capital for Good. A program of the Phillips Foundation, IITT convenes and educates investors on the topic of impact investing through speaker series, seminars, workshops and its online hub of curated information and resources. For more information, please email IITT@phillipsfdtn.org.
Our Impact Fellows program invites eligible MBA and MPA students to join Phillips Foundation for a summer term, academic year or both to experience impact investing in action. Prior fellows include an MBA candidate from UC Berkeley’s Haas School of Business and an MPA student in the School of Public and International Affairs at North Carolina State University. Impact Fellows have continued on to positions at organizations like the Southeastern Council of Foundations and the DRK Foundation. For more information, please email firstname.lastname@example.org.
Invest in 3 core industries: healthcare, education and financial services
Phillips Foundation joined the Tipping Point Fund on Impact Investing, a donor collaborative led by the Ford Foundation and aimed at supporting the growth of the impact investing field through strategic grantmaking. The first round of grants has funded eight organizations to catalyze the flow of private capital towards urgent economic, social and environmental challenges.
Along with Kresge Foundation, The California Endowment, Chan Zuckerberg Initiative, Annie E. Casey Foundation and other impact investors, the Foundation established a first-of-its-kind unfunded multi-investor guarantee pool to activate investment in community development in the U.S. Launched immediately preceding the COVID global pandemic, this pool is helping to rebuild the economy by securing capital for women entrepreneurs and entrepreneurs of color working in affordable housing, climate solutions, and small business management.
The Foundation invested in the first U.S.-based program-related investment fund targeting the arts, the LISC NYC Inclusive Creative Economy Fund. This fund helps establish and preserve affordable workspaces for businesses in creative industries providing quality jobs for low- and moderate-income people.
The Foundation made a Program-Related Investment (PRI) in the form of credit enhancement to secure bank financing for building renovations that would increase operational capacity and sustainable earned revenue for this Downtown Greensboro attraction and artist-in-residency program.
We provided a Mission-Related Investment (MRI) to support MCE’s Global Economic Opportunity Notes. MCE’s central focus is to make loans to financial institutions that help people living in poverty in developing nations. Approximately 71 percent of the beneficiaries are women who use the financial services to build assets and start businesses.
As a short-term cash management strategy, the Foundation cycles grant capital through RSF’s 90-day Social Investment Fund prior to annual grant distributions. These assets are loaned to social enterprises around the world. RSF has administered over $300 million in loans since 1984 in the areas of food and agriculture, education and the arts, ecological stewardship, and social finance.
We allocated a portion of our fixed-income portfolio to Self-Help through its Women & Children Term Certificate offering, which finances facilities for charter schools and helps women open their first savings accounts, buy a home, afford childcare or start a business. As a CFDI, Self-Help also loans to sustainable businesses including solar farms, recycling businesses, ecotourism, bike shops and more.