The National Coalition for Community Capital (NC3) published Community Investment Funds: A How-To Guide for Building Local Wealth, Equity, and Justice.
The report lifts up examples of the few existing ways that communities can aggregate small investments to support local businesses.
The most common form is the Charitable Loan Fund, which is exempt from the 1940 Act purely by virtue of the fund itself being a charitable organization.
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Teach for America is a social venture that hires graduating seniors from some of the most selective colleges and offers them with five-week training courses before unleashing them for a minimum of two years in some of the country’s worst classrooms.