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Impact Investing in Community Health Gets $325 Million Boost from Robert Wood Johnson Foundation
Foundation: Johnson Foundation, Robert Wood Johnson Foundation
The Robert Wood Johnson Foundation is giving $325 million to help communities that have suffered from "a historic lack of investment" in areas such as housing, water, and infrastructure, the New York Times reports.
"By working alongside other investors to catalyze investment, we can increase our impact and build healthier communities," Kimberlee Cornett, director of Impact Investing at the foundation, says in a press release.
The investment is part of a two-year, $625 million commitment to impact investing, more than double the pledge of $48 million made in 2023.
The Robert Wood Johnson Foundation focuses on communities of color, those with low incomes, and those affected by structural racism, according to the press release.
The investment will be made in three areas: increasing racial equity by working toward closing the racial wealth gap, strengthening the community development finance system with a focus on communities that historically have experienced a lack of investment, especially communities with low incomes and communities of color, and advancing health equity in communities that have faced a historic lack of investment.
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