A fierce seeker of solutions, Jeremy Nowak identified ways to improve the lives of disadvantaged communities, contributed to the betterment of Philadelphia, and believed in the power of communities to innovate and improve.
Late last month Reinvestment Fund announced a new place-based impact investment opportunity targeted to the greater Philadelphia region. The fund—PhilaImpact Fund—is believed to be a first-of-its-kind collaboration between a community foundation, The Philadelphia Foundation, and a Community Development Financial Institution, Reinvestment Fund.
From Pay-for-Success to solar energy financing, the NEXT Fund for Innovation awards new ways to improve outcomes in underserved communities across the U.S.
This week, the Global Steering Group for Impact Investment (GSG), an independent multilateral catalyzing impact investment and entrepreneurship, awarded its 2017 GSG Honor for Impact Asset Owner of the Year to Reinvestment Fund, an OFN Member CDFI. Presented at the GSG Impact Summit 2017 in Chicago, the award honors asset owners—including institutional investors, philanthropies, high net-worth individuals, family offices, corporations, banks, governments, and development-finance institutions—directing their capital to impact.