At the intersection of democracy, impact investing, and progressive media, you will find New Media Ventures (NMV). This organization is a nonprofit seed fund and angel network working to create positive change across America by investing in entrepreneurs and activists “wrestling with the biggest challenges facing our democracy.” By investing solely to maximize impact, whether into nonprofits or for-profits, NMV is working to address fundamental challenges to democracy and to correct systemic power imbalances. In this episode, Lindsay Smalling sits down with Julie Menter, Managing Director of New Media Ventures.
Opportunity Zones and Inclusive Community Development: New Money + Meaning Podcast Recorded Live in Baltimore
For any community development initiative to achieve the desired positive outcomes, impact investors must design with communities instead of for them. Opportunity Zones, even with the recent criticism, are still seen as a way to drive investments that will build wealth and create social impact in marginalized communities. How can the great community development work that is being done at the local level be connected with big top-down policies like Opportunity Zones? This episode, recorded live in Baltimore, features a cross-sector panel of community leaders, investors, and OZ experts exploring inclusive community development.
How Access, Inclusion, and Impact can Close the Racial Wealth Gap: Highlights from SPECTRUM on Money + Meaning Episode 29
Despite bring the the fastest-growing population of American entrepreneurs, founders of color are systematically under-recognized and under-resourced in America today. How can we begin to build new systems that will support entrepreneurs of color? What will it take to build an inclusive impact economy? This past June, SOCAP convened the first ever SPECTRUM event in Atlanta to discuss these challenges and begin building an action plan to solve them. In this episode, we offer a selection of inspirational and insightful moments recorded live at SPECTRUM.
Using the Full Spectrum of Capital in Sustainable Fisheries: Episode 28 of SOCAP’s Money + Meaning Podcast
Foundations traditionally have grant-making staff and endowment investing staff that operate entirely independent of each other. How can we move past this traditional “two-pocket thinking” to utilize the full spectrum of capital – not just grants and market-rate investments – to better align a foundation’s entire portfolio with their desired impact outcomes? In this episode, Dr. Stephanie Gripne of the Impact Finance Center and Teresa Ish of the Walton Family Foundation discuss the work they are doing in this space and why creating sustainable fisheries requires innovative financing structures.
Driving Impact in Opportunity Zones at the Kresge Foundation on Episode 27 of SOCAP’s Money + Meaning Podcast
The new Opportunity Zone legislation is expected to drive billions of dollars of investment into low income communities around the country. Yet, with limited oversight, this capital has as much potential to harm communities as is does to benefit them. In an effort to set a precedent for transparency in this new space, the Kresge Foundation has recently committed $22 million to two Opportunity Funds in exchange for higher levels of reporting and accountability. In this episode, Rip Rapson, President and CEO of the Kresge Foundation, and Kresge Social Investment Officer Aaron Seybert discuss the innovative way the foundation is working to shape OZ investment.