Building Healthier Communities: Inside Rwjf'S Impact Investment Strategy

credit:

The Robert Wood Johnson Foundation is putting its money where its mouth is, investing $50 million to help communities of color get out of poverty, the New York Times reports.

Zoila Jennings, the foundation's impact investment officer, says the money is going to small businesses, affordable housing, and community banks that help communities of color get out of poverty.

"We're investing in communities of color that have historically been under-served by the financial system," she says.

"We're investing in communities of color that have historically been under-served by the financial system."

The money is being doled out as the foundation works to "democratize the financial system for communities of color," according to a press release.

Jennings says she wants to "democratize the financial system for communities of color," and that's not just about putting money in people's pocketsit's about changing the financial system itself.

She tells the Times that banks are "highly regulated, and it does limit what they can do in terms of flexible financing," so the Robert Wood Johnson Foundation is a " systems-level investor" that doesn't focus on one specific area.

"On the community development side, I say, where is the capital now

Read the Entire Article

How's Your Community Doing?
Check Out it's
Community Vital Signs

Report: Only 2% of Nonprofits Have Fully Integrated Ai

Only 2% of organizations have fully integrated AI.67% of nonprofits plan to level up their AI use within the year.Report dives into 4 ways AI is stepping up: climate action, agriculture, healthcare...more

Commentary: An Opportunity to Reform

We need the will to organize and the resources to make it happen.A shared toolbox will provide a new foundation that lets us leverage shared resources at scale, connect across silos, and solve big...more

Four Takeaways From Mackenzie Scott's 2024 End-of-Year Essay

Four Takeaways from MacKenzie Scott's 2024 End-of-Year Essay.Scott moves her money through a Seattle-based LLC called Lost Horse.The big open question moving forward is to what extent forthcoming...more

Red Deer River Naturalists Land Big Grant

Red Deer River Naturalists land big grant - Red Deer Advocate $500,000 going to Red Deer River naturalists endowment fund.Red Deer river naturalists have received a $ 500,000 donation to its...more

Best of 2024 Donors to the Arabella Advisors Network
Foundation: Foundation to Promote Open Society, Open Society Institute, Silicon Valley Community Foundation, Ford Foundation, Fidelity Investments Charitable Gift Fund

Capital Research Center compiled a list of all megadonors to the main four Arabella nonprofits.For the New Venture Fund, the largest donors were: Bill Gates, George Soros, and eBay founder Pierre...more

Sobha Group's Philanthropic Trust Lays Foundation Stone For Devi Home

Sri Kurumba Educational and Charitable Trust, the philanthropic arm of Sobha group, today laid the foundation stone for Devi Home in Moolamcode, Palakkad.Devi Home will accommodate 144...more

Celebrating Impact: San Diego Foundation's Top 10 Stories of 2024
Foundation: California Community Foundation, San Diego Foundation

SDF also developed a research report in partnership with the San Diego Regional Policy & Innovation Center to better understand economic mobility and generational wealth among San Diego's Latino...more

Nurturing This Trait Could Bolster Kids' Confidence

92% of participants believe being creative boosts their confidence.6 in 10 said participating in a creative activity gives them a sense of pride.65% of children shared that engaging in creative...more

School Talk Houston: Forging Pathways For Student Growth and Community Impact

Through creative grant funding and collective efforts, these schools are building bridges between education, industry, and civic engagement.These schools are empowering students to make a difference...more

News Briefs €” Kids Can Earn Prizes During Winter Break Reading Challenge; Idignity ...

Kids can earn prizes during Winter Break Reading Challenge; IDignity Osceola to transition to Hope Identification.Kids can use Beanstack reading app at home or anywhere they can connect.Children ages...more