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Bridges to the New Philanthropy
Community Development Financial Institutions (CDFIs) are a product of the Civil Rights Movement, and many have been serving communities across the United States for over 30 years. Internationally, they are recognized as a robust network of organizations helping capital flow to communities in need. However, despite their missions being more relevant today than ever, CDFIs seem to be virtually unknown to new philanthropists and impact investors. ImpactUs Marketplace is an innovative platform that can help CDFIs better position their organizations to attract this capital and a broader pool of impact investors.
The financial crisis of the late 200s sent shockwaves throughout the financial sector. It changed the way a lot of individuals and institutions were thinking about their money and forced CDFIs to consider the diversification of their funding sources as banking relationships and priorities shifted. This was one of the first signs that the makeup and dynamics of potential CDFI investors were reshaping themselves.
Read the full article at Avenues to Affordability.