Impact Investing for Educational Progress
This article is part of a 10-week series on racial equity and impact investing co-presented by Mission Investors Exchange and Stanford Social Innovation Review. The series titled, 'How Foundations Are Using Impact Investing to Advance Racial Equity,' features 10 foundations who have made committments and deployed strategies to address issues of racial equity through their impact investing practices.
Click here for the more information on the series, including a list of contributors.
Access to education is among the most cited examples of racial inequity in the United States. Lumina Foundation President Jamie Merisotis explains how this has led Lumina Foundation to create Lumina Impact Ventures, which makes direct investments in individual companies that have the potential to increase the availability of high-quality education and training, especially among populations that have historically been underserved. These impact investments represent more than just capital; they provide market validation for emerging social enterprises, allowing them to achieve greater impact.