New York State CDFI Investor Club Webinar
Hosts: Impact Finance Center
When: Friday, November 5, 12pm EST/ 10am MT
How do we finance our communities to thrive when traditional banks often leave out poor, working class, Black, or Brown People? Impact Finance Center and New York State CDFI Coalition have rolled up our sleeves to create a pipeline to Main Street lenders. This infrastructure has created a marketplace for retail and institutional investors to connect directly with the communities and projects they care about while remaining profitable.
CDFIs, or Community Development Financial Institutions, have the expertise and experience of a traditional bank/lender, but they are flexible, personalized, and based in the communities in which they operate. This means that they can provide far more affordable and responsible lending for business and individuals, often to those who would otherwise be left out of traditional financial services.
By putting community first, these lenders are profitable but not profit-maximizing. And the result is an asset class that was the highest performing during the Great Recession, with a 30-year track record of deep impact in the areas that are most in need.
Thank you to our partner, NYS CDFI Coalition.
Agenda 12:00 - 1:00 ET
12:00 Welcoming Remarks:
- Colleen Ryan (New York State CDFI Coalition)
- Dr. Stephanie Gripne (Impact Finance Center)
12:10 Institute Discussion Featured Speakers:
- Moderator: Dr. Stephanie Gripne (Impact Finance Center)
- Luni Libes (Realize Impact)
- Ian Shelledy (Community Foundation of Utah)
12:55 Steph closing & share info on upcoming programming:
- Thank our partner, NYS CDFI Coalition
Objective: We are hosting quarterly meetings (started in April 2020) with the goal of growing the Club to 100+ investors (e.g., individuals, private foundations, community foundations, endowments, family offices, corporations, banks, and life insurance companies) by 2022.
Description: As we work to build the infrastructure for community members to be able to invest directly in the social ventures (nonprofits, startups, businesses, funds, cooperatives, hybrids, and more) they care about, Investor Clubs are a critical step forward. Building on the success of CO Impact Days and our growing network of Impact Investing Giving Circles (we piloted the first-ever Impact Investing Giving Circle in partnership with the Women’s Foundation of Colorado), Investor Clubs are the next step in achieving Impact Finance Center’s vision of a Main Street 2.0.
After our pilot Investor Club meeting in April, we believe there is sufficient investment opportunity and investor interest to convene a quarterly New York State CDFI Investor Club with the goal of growing the Club to 100 investors (e.g., individuals, private foundations, community foundations, endowments, family offices, corporations, banks, and life insurance companies) by 2022.
- Access to investment opportunities
- Opportunities to find co-investors for those of which the Investor is lead
Social Venture Benefits:
- Cost-effective fundraising
- More investors
Please contact us at firstname.lastname@example.org or 303-900-2060 to let us know if you would like to be included as a co-host or would consider sponsoring the event.