![]() ![]() All Benefit Chicago investments will be in the form of debt or equity no grants will be made out of the fund. “We expect Benefit Chicago will have the capacity to put 15-year money on the street, which we think is fantastic,” Holmes adds. Fifty million dollars in seed capital from MacArthur into Benefit Chicago helps provide flexibility to overcome the mismatch. CDFIs (community development financial institutions) like CCLF are among the organizations planning to seek investment from Benefit Chicago.īenefit Chicago is designed to be able to accept shorter-term investments from interested impact investors while still making those potentially much-longer-term investments to nonprofits and social enterprises in the Chicago region. It takes long-term money to fix problems that were long in the making,” Holmes says. “Many of the impact investors and traditional social sector investors invest for very short time horizons, and the problems that we are trying to solve have taken generations to develop. ![]() Each investor ends up having a slightly different preference, each may or may not know how to invest, or may not be eligible to make the kind of investment that’s needed.įrom the joint MacArthur-CCT report, “ Bridging the Gap: Impact Investing Supply and Demand in the Chicago Region”Ĭalvin Holmes, president and CEO of Chicago Community Loan Fund (CCLF), a mission-driven, nonprofit community lender founded in 1991, agrees. Social enterprises and nonprofits with essentially zero marketing budgets go out and try to raise capital, talking to investors one by one. When it comes to working with individuals and institutions looking to get into impact investing for the first time, one of the biggest challenges is matching the investment terms on the investor side with the capital needs on the impact side. Benefit Chicago is an effort to make that possible in a simpler and more accessible way than ever before.” “One of those ways is to invest in your home, in your community. “There are more individuals and institutions of all kinds looking for ways to invest for impact, and looking for ways in particular that not only have positive impact, but ways that are very deeply meaningful to them,” says Debra Schwartz, who leads MacArthur’s impact investing work. That’s the promise of Benefit Chicago, a $100 million fund announced this week by Chicago Community Trust (CCT), the MacArthur Foundation (which also provides financial support to Next City) and the Calvert Foundation. What if that same industry existed for making impact investments in communities that have long been ignored by other investors? In communities right in our backyards. There’s a whole industry entrusted to take $25 trillion of other people’s money and find the best returns for it. ![]() And yet, there goes your money, every paycheck, and some of your company’s money if you’re even luckier, whisked around the world to somewhere probably very far away. Internal applications, then our B2B based Bizapedia Pro API™ might be the answer for you.Assuming you have any, when was the last time you checked on where your retirement savings are invested? The answer is probably the day you set it up, if at all. If you are looking for something more than a web based search utility and need to automate company and officer searches from within your WHAT'S INCLUDED IN THE ADVANCED SEARCH FORM? Utilize our advanced search form to filter the search results by Company Name, City, State, Postal Code, Filing Jurisdiction, Entity Type, Registered Agent,įile Number, Filing Status, and Business Category. While logged in and authenticated, you will not be asked to solve any complicated Recaptcha V2 challenges. In addition, all pages on Bizapedia will be served to you completely ad freeĪnd you will be granted access to view every profile in its entirety, even if the company chooses to hide the private information on their profile from the general public. Your entire office will be able to use your search subscription. ![]()
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