July 2019 | Field News and Resources
This page features this month's highlights, announcements, and general news related to advancements in the impact investing field.
- Mission Investors Exchange and Urban Institute produced this webinar on collaborative place-based impact investing. The webinar featured leaders from two impact investing ecosystems— Benefit Chicago and the Western New York Impact Investment Fund— who shared their experience of developing collaborative investment models to support their communities.
- In this interview with Recode, Rockefeller Foundation's President Rajiv Shah discusses how philanthropy functions at its best when it operates in partnership with the public sector as well as the private sector.
- In an op-ed for the Baltimore Sun, MIE members Patti Chandler of Baltimore Community Foundation and Catherine Banat of RBC Global Asset Management call upon Baltimore's various stakeholders to come together and devise a unified strategy for the region’s economic development.
- Equitable Facilities Fund (EFF) is issuing $100 million in A-rated tax-exempt bonds that will support 30,000 public charter school students by providing affordable funds for their schools’ buildings, equipment and other capital projects. EFF is supported by the Walton Family Foundation’s Building Equity Initiative.
- A New York Times feature on Darren Walker outlines his journey to becoming President of the Ford Foundation, his role in the foundation's transformation, and his work toward social justice.
- U.S. Impact Investing Alliance Executive Director Fran Seegull testified before the Internal Revenue Service on the importance of data collection and transparency in Opportunity Zones at a public hearing held on July 9th.
- This article outlines how impact investing is helping neighborhoods in Baltimore thrive, and spotlights Baltimore Community Foundation's Invest for More program, which connects minority-owned businesses with small business loans and capital.
- Benefit Chicago has announced a $3 million investment in DL3 Realty Advisors, LLC, targeting projects designed to sustain and accelerate revitalization efforts accross Chicago. Benefit Chicago is a collaboration between The Chicago Community Trust, MacArthur Foundation and Calvert Foundation intended to fund economic developement opportunities in Chicago.
- Morgan Stanley has launched a sustainable investing analytics and reporting tool that will allow clients to consider sustainability and impact goals in their investments.