Using All Our Tools to Advance Equity in the South and Beyond
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.
In his article, Mary Reynolds Babcock Foundation Executive Director Justin Maxson confronts persistent, deeply rooted racism in the American South by laying out the crucial role of financial systems to bring equity and decision making power to communities. In particular he explains the value of impact investing with Community Development Financial Institutions (CDFIs) as a way to counteract chronic underinvestment in low income women and people of color. Maxson also describes the foundation’s continuing work to align its endowment with its commitment to racial equity, while calling on others to join this movement.
Read the full article here.