On Monday, April 9th, Coastal Community Foundation launched a new, competitive initiative called Place-Based Impact Investing (PBII) to invest up to $3 million in regional projects focused on positive community outcomes.
Our application closed Friday, April 20th and our Impact Investing Committee is in the process of evaluating our 19 applicants for this initial funding, or as we call it, our Fund One investment portfolio. A selection of projects will be vetted and announced later this summer.
This investment strategy combines the traditional investment priority of earning financial returns with an intentional emphasis on social returns for our region. CCF is one of the few community foundations in the Southeast to employ a place-based impact initiative as part of our overall organizational strategic framework. CCF is launching the first investment portfolio under this new initiative with the intention to launch future portfolio investments.
Loans, loan guarantees, and/or equity investments for projects seeking between $50,000 and $600,000 (approx.) in capital will be chosen from a pool of qualified applicants from across our nine-county footprint. Projects must illustrate the promise of both social and financial returns, and preference will be given to projects focused on one of the following three themes:
Our application is now closed, but check back here in coming months to read about the chosen projects, and to find out more about when we anticipate opening up a potential Fund Two with a new application round.
Need more info about CCF?
Visit our website or email firstname.lastname@example.org.
Have a question about applying on our portal? Applications for this first fund are now closed, but portal questions can be directed to:
Question about our Place-Based Impact Investing Initiative?
Email Christa Divis at email@example.com.