Impact investing is the practice of investing capital with the intention of generating a social, environmental or economic impact that is both positive and measurable, alongside a financial return.
The Foundation’s impact investing strategy builds upon its leadership in strengthening Milwaukee’s neighborhoods, particularly through its equitable economic opportunity strategy. Its entry into impact investing began with a pilot program that focused on job creation by supporting existing companies as well as entrepreneurship. Through the pilot, the Foundation ultimately invested nearly $1 million, contributing to the growth of 47 new small businesses, the creation of more than 85 jobs, the redevelopment of commercial spaces and the attraction of $4.9 million in additional public investment to local neighborhoods. Sherman Phoenix was one of the Foundation’s initial impact investments. A $300,000 Foundation loan provided first mortgage financing for the rehabilitation and renovation of a former BMO Harris Bank, which was damaged during the civil unrest in Sherman Park in 2016. The space is now a vibrant entrepreneurial hub that is home to 27 tenants.
Today, the Foundation’s impact investing program focuses on three core priorities – equitable economic opportunities (which includes improving job access and wealth creation through local job and business growth), affordable housing, and early childhood education.
Contact Senior Vice President and Chief Strategy Officer Kathryn Dunn to learn more about our new impact investing strategy and the projects we’ve supported to date.
