The Bottom Line: Deals at a Glance
Calvert Foundation, a Community Development Financial Institution, raises capital through its Community Investment Note, a fixed-income security that is available to investors starting at $20.
The John D. and Catherine T. MacArthur Foundation invests to bridge capital gaps, using a “problem first-tool second” approach to facilitate deal flow where conventional financing fails to provide critical links within the market or capital structure.
Living Cities Catalyst Fund is a domestic impact investment vehicle that deploys concessionary, flexible debt from socially motivated investors. The Catalyst Fund complements the organization’s grantmaking, research, and policy work as a way to advance the Living Cities programmatic agenda that is focused on working with cross-sector leaders in cities to build a new type of urban practice aimed at dramatically improving the economic well-being of low-income people.
Health and Well-being
At the core of the Kresge Foundation's social investment practice is the belief that using non-grant forms of capital is part of the solution set that allows Kresge to be effective on any of the complex issues central to its mission. Since 2010, the investment practice has evolved from an exploratory effort to an established and integrated strategy that allows Kresge to leverage its assets and intervene in places not well served by the private financial sector.