Impact investing refers to investments made with the objective of generating social impact alongside a financial return. Venture philanthropy is a form of impact investing using charitable giving and prioritizing impact over personal financial gains. It’s a way to make philanthropy more of a renewable resource and expand the impact it can have on community economic development.
In partnership with Abundance Capital, the Community Foundation of Greenville is excited to offer venture philanthropy services to our fundholders, allowing you to use your charitable-giving capital to make loans and other types of investments in the community. In doing so, you’re able to:
- Open up capital access to sidelined entrepreneurs, projects, and ideas.
- Spark local economic mobility and inclusive economic prosperity.
- Help create sustainable solutions to health, climate, and education concerns.
How it works:
To read more about the Community Foundation of Greenville’s early impact investments into the Greenville Housing Fund’s Impact Fund, click here. The Impact Fund was created to jumpstart financing for the development and preservation of much needed affordable and workforce housing in Greenville County. Greenville Housing Fund (GHF) manages and deploys the pool of funds, which was formed with capital contributed by sixteen local private-sector investors. Seven Donor Advised fundholders at CFG joined the Community Foundation in contributing $100,000 to the Impact Fund thereby contributing $800,000 of the $5 million in the pool of funds.
We are pleased to announce the recipients of our 2022 Capacity Building Grants and the Margaret Linder Southern Endowment Fund!Read More