Mission Aligned Investing

Our very first impact Investment! With the invaluable guidance of Laura Kind McKenna and the Kind Foundation, we provided a $30,000 low-interest loan to Inter-Faith Housing Alliance, helping to rehab a property for families in transition.

In 2018, we invested $100,000 in the Reinvestment Fund’s PhilaImpact Fund, a Community Development Financial Institution (CDFI) that promotes economic growth in Greater Philadelphia.

We offered a market-rate bridge loan to bolster KIN Apparel’s holiday sales, supporting their innovative satin-lined apparel products. As a local, Black-owned, woman-led brand, this investment provided crucial working capital during a peak season, enabling KIN Apparel to scale production, meet increased demand.

We made an early-stage equity investment in Trapezium Math to help expand its educational offerings, bridging the math literacy gap for underrepresented and minority students. This investment marks a new direction for our Foundation, directly investing in the equity of an early-stage company.

Collaborating with Parametric, we’ve established a mission-aligned large-cap equity portfolio, meticulously screening companies that don’t meet our racial and gender equity criteria. Furthermore, we’ve diversified our public equity portfolio with notable additions such as Fidelity’s Women’s Leadership Fund.

This year we marked a significant development in our public equity investments. Impax Ellevate Global Women’s Leadership Fund is a systematic, global large cap strategy that seeks to invest in companies that advance gender diversity and equity.

We have included funds developed or run by women PMs.  For example, we added the Adasina Social Justice All Cap Global ETF (JSTC). Developed by Rachel Robasciotti, a Black queer woman, this fund was developed with guidance from social justice advocates with screens for companies that met race, gender, economic, and climate justice thresholds.

Weaver’s Way is a well-known food co-op operating out of two sites in northwest Philadelphia and another in Ambler, PA. We committed $50,000 to support a new store planned for the Germantown neighborhood with commitments to pay living wages and to hire from the local community.

We invested $100,000 in a convertible note with a 7% interest rate, helping Girl Concrete diversify the construction industry. This 100% union, woman, and minority-owned company aims to scale their business significantly while promoting sustainable sourcing of materials.