Fixed Income Investments in Michigan
A deal orchestrated by the Council of Michigan Foundations with Boston-based Community Capital Management (CCM) will enable foundations in the state to make a minimum impact investment of $100,000 through the company’s publicly traded fixed income fund, rather than its normal threshold of $500,000. The lower minimum will open investment opportunities to smaller foundations throughout the state.
The Battle Creek Community Foundation is among the first participants to use the impact investing tool with a $500,000 investment. Half has been designated for Calhoun County with the remainder to be invested statewide.