UNDERSTANDING RACIAL EQUITY WITHIN SOCIAL IMPACT INVESTING

The Racial Equity Investing Collaborative (Collaborative) is a group of six organizations—Toniic, Confluence Philanthropy, The ImPact, Intentional Endowments Network, Impact Capital Managers, and American Sustainable Business Network—that aim to understand and support clients seeking to increase the positive racial equity impact of their social impact investments. The Collaborative enlisted a Capstone team to help them understand the field of impact investment using a racial equity lens. The team interviewed representatives from eight of the Collaborative’s clients to better understand their journeys, challenges, and general investment practices. The team aggregated and analyzed the data in order to highlight trends, insights, and recommendations for the Collaborative. The team also conducted a review of available literature on racial equity within impact investment. The team’s final report synthesizes data from its interviews and literature review to identify key findings, and recommends metrics for the Collaborative to measure its growth.