Kresge Foundation committed $22 million in investments to two goal-aligned investment managers.
Kresge has authorized up to $25 million of its total $150 million in guarantee capacity to this single program.
The covenants were written well before the authors of Opportunity Zones introduced their proposed reporting requirements in April 2019.
They include measures that: prioritize the development of affordable housing units and prevent displacement; invest in the creation of living wage jobs.
Read the Entire Article
A customized collection of news from foundations from around the Web.
In the world of social enterprises, failure is a cringe-worthy moment nobody wants to talk about. But, social entrepreneurs can benefit from their failures.