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 provided $200,000 in seed capital as a PRI to Impact Ventures to establish North Texas’ first locally-grown and minority-led integrated capital fund for women- and BIPOC-led enterprises. Through this fund, Impact Ventures aims to build generational wealth and improve race and gender equity through inclusive access to capital and mentoring resources.
Phillips Foundation invested $1 million in the Draper Richards Kaplan Foundation’s portfolio of early-stage, high-impact social enterprises. Our support specifically funds for-profit enterprises led by women and/or people of color, such as BoxPower, a low-cost containerized solar microgrid company serving communities lacking access to an affordable and reliable energy source, and Kinvolved, a virtual communications system between parents and schools which improves parent engagement and student success. (Photo credit: Kinvolved)
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 (graphic) 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 provided a Program-Related Investment (PRI) to support this Downtown Greensboro museum and artist-in-residency program by collateralizing a commercial loan for its critical building renovations, increasing the organization’s capacity to operate year-round.
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 cycled grant capital through RSF’s 90-day Social Investment Fund prior to annual grant distributions. These assets were 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.