June 2021 | Field News & Resources

The Healthcare Georgia Foundation made a $250K program related investment in the ANDP Loan Fund to expand access to quality, healthy affordable housing benefitting vulnerable groups across Metro Atlanta and Georgia. This is one of three program-related investments the Foundation announced this month to address some of the social determinants of health.

An article by The Wall Street Journal highlights the sharp increase in the biggest U.S. companies share of new directors, tripling the number of new Black directors and more than doubled the share who are Latinx. While the majority of directors remain White men, the broader change flowed from public attention on racial disparity in the wake of the police murder of George Floyd last year and the Black Lives Matters protests.

A Cal Matters article calls out California impact thought leaders, including various MIE members, to share commentary on how funding from The American Rescue Plan provides an unprecedented opportunity to build lasting change to communities' ability to address long-standing inequities. 

The International Integrated Reporting Council (IIRC) and the Sustainability Accounting Standards Board (SASB) officially announced their merger to form the Value Reporting Foundation, which is committed to the delivery of a more coherent corporate reporting system by working closely with the IFRS Foundation and other leading framework providers and global standard-setters.

The Groundswell Fund's open letter to philanthropy from People-of-Color-led organizations - which includes various MIE members among the signatories - invites colleagues from private and family foundations and the individual donor community to transform the philanthropy industry. 

A new report commissioned by the community development team at the Federal Reserve Bank of New York and produced by the US Impact Investing Alliance highlights how subscale hyperlocal investing plays a growing role in supporting left-behind neighborhoods. 

Through a recent $200K program related investment from North Texas-based Phillips Foundation, Impact Ventures has launched what they are calling the first locally grown and minority-led integrated capital fund for women and minority-led businesses in North Texas. 

A CNBC article discusses some of tech's biggest player's 2020 commitments to promote racial justice in the wake of the murder of George Floyd, and how they have followed through with those initiatives in 2021. 

The Rockefeller Foundation and Ikea Foundation have partnered to form a $1BN global platform to fight climate change by catalyzing investments in distributed renewable energy (DRE). The Rockefeller Foundation will incubate the platform in RF Catalytic Capital Inc. that the foundation launched last year. 

Carver Bancorp and Bank of America announced the closing of a social impact credit facility with BlackRock, representing the first time that Carver has participated in a subscription line facility and is among the first-of-its-kind transactions where an MDI has joined as a co-lender. 

An article by The San Diego Times highlights The San Diego Foundation's five-year strategic plan that dedicates discretionary funding and fundraising for advancing racial and social justice, fostering equity of opportunity, and building resilient communities.