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Building Healthier Communities: Inside Rwjf'S Impact Investment Strategy
Foundation: Johnson Foundation, Robert Wood Johnson Foundation
The Robert Wood Johnson Foundation is putting its money where its mouth is, investing $50 million to help communities of color get out of poverty, the New York Times reports.
Zoila Jennings, the foundation's impact investment officer, says the money is going to small businesses, affordable housing, and community banks that help communities of color get out of poverty.
"We're investing in communities of color that have historically been under-served by the financial system," she says.
"We're investing in communities of color that have historically been under-served by the financial system."
The money is being doled out as the foundation works to "democratize the financial system for communities of color," according to a press release.
Jennings says she wants to "democratize the financial system for communities of color," and that's not just about putting money in people's pocketsit's about changing the financial system itself.
She tells the Times that banks are "highly regulated, and it does limit what they can do in terms of flexible financing," so the Robert Wood Johnson Foundation is a " systems-level investor" that doesn't focus on one specific area.
"On the community development side, I say, where is the capital now
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
Foundation: Lilly Endowment
All In Kosciusko exists to promote and accelerate the economic and community development already happening across the county.Concerns about economic diversification, talent retention and quality of...more
The Bill Gatton Foundation supports K-12 and higher education, health, and community development in Kentucky, Upper East Tennessee, and Southwest Virginia.Large education grants include $13.5 million...more
Local organizations win $9 million for new affordable housing, social services.Connecticut's Community Investment Fund grants come amid a deluge of cuts to federal funding.The fund was established in...more
Foundation: Parasol Tahoe Community Foundation
Parasol Tahoe Community Foundation has proudly supported Bread & Broth for the past 10 years.In 2024, the Community Foundation was able to introduce the mission of Bread and Broth to a donor who is...more
Foundation: Latino Community Foundation
Latino Community Foundation Awards $3.88M in Grants Across California and Nevada.NewsBreak: Latino Community Foundation awards $3,000,000 in grants across California andNevada.Newsbreak: $1.5 million...more
Alejandro Betancourt Lopez rejects traditional corporate social responsibility models that separate business operations from community impact.Rather than limiting community engagement to corporate...more
Thoughtful giving isn't just about making a donation, it's about creating meaningful impact.Community foundations exist to connect generosity with need, ensuring that charitable giving is both...more
Kareem Thomas most recently served as Chief Credit and Lending Administration Officer at Reinvestment Fund.Bhavani Daryanani has more than 20 years of experience in the sector, bringing deep...more
SECU Foundation has been named a recipient of the 2024 Carolinas Credit Union Foundation Hero Award for Partner in Philanthropy.The SECU Foundation promotes local community development in North...more
Foundation: Hutchinson Community Foundation
Residents say increases in average household income and businesses that pay above average wage are the top indicators of economic progress in Reno County.They also identify attracting new businesses,...more
Community Building News from...
Wells Fargo Foundation
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Rhode Island Foundation
Community Foundation for Greater Atlanta
California Community Foundation
Arizona Community Foundation
Social Entrepreneurship
Spotlight
Social Enterprise Is Re-Housing Unwanted Furniture
Weston Mill-based social enterprise Surplus Rescue CIC (Community Interest Company) recycles and finds homes for unwanted furniture. To date, it has received “extensive amounts” of quality second-hand furniture including desks, pedestals, cupboards and office chairs from a former local authority office equipment – and wants to find them a good home.
