Impact investments debra schwartz11/21/2023 ![]() “That's the power of our particular brand of impact investing. “We're essentially the shock absorber in the middle, the missing piece that we call the ‘but for’ money - meaning, but for our piece, they couldn't bring in the rest of the money,” she adds. Treasury Department Community Development Advisory Board and one of the founders of the Mission Investors Exchange. “We can give these institutions a cushion so that when an insurance company or a pension fund wants to invest, that investor can get a market rate of return and have enough risk mitigation,” says Schwartz, who is a past presidential appointee to the U.S. MacArthur invests in these institutions with a long-term horizon, in most cases planning an exit after 10 years. There are about 800 CDFIs in the nation, some of which focus on serving individuals (e.g., by providing payday lending, bank accounts, or affordable housing) and others that focus on small businesses (e.g., by bringing credit to businesses in low-income neighborhoods). Schwartz explains that, in the United States, there is an enormous need for community development financial institutions, or CDFIs. MacArthur Foundation and serves on the Executive Leadership. In fact, it’s not allowed under the IRS tax code definition of a Program-Related Investment.” Article by Debra Schwartz, managing director for impact investments at the John D. “But if you do the kind of impact investing that I do, you can’t seek a market rate of return. The foundation supports creative people, effective institutions, and influential networks building a more just, verdant, and peaceful world. The Managing Director of Impact Investments for the Macarthur Foundation speaks with David Bank about catalytic capital, getting enterprises the kind of financing they need and how technology is driving down costs for impact solutions. With these investments, “there has to be some expectation of a financial return, whether it’s through a loan, equity investment or guarantee,” she says. MacArthur is one of the largest foundations in the United States. MacArthur Foundation.Īt the MacArthur Foundation, Schwartz oversees a $300-million investment portfolio that supports economic development and affordable housing organizations in the United States. That experience set her down a path leading to where Schwartz is today, serving as managing director of impact investing at the John D. Schwartz found her answer in a class taught by Professor Donald Haider, who introduced her to the world of public finance and the ways in which industry and society could intersect for mutual benefit. ![]() “I was eager to learn how social-purpose organizations earned, raised and managed their money,” recalls Schwartz, who had worked in the nonprofit sector, mostly in human services, for several years prior to Kellogg. Debra Schwartz, Managing Director, Impact Investments, MacArthur. and motivation that we have much more work to do.When Debra Schwartz ’88 came to Kellogg in the late 1980s, she had a keen interest in social enterprise - even though that term was somewhat foreign in the broader business community. This document has been developed by Impact Investing Australia Ltd with and on behalf. “This gift is affirmation that our work is critical. “Learning about money and business, while leveraging mentors and social capital, is how organizations like JA San Diego are helping to break cycles of poverty, empowering underserved communities, and create diverse talent pipelines,” said JA San Diego President & CEO Sidd Vivek. Through multiple programs, they are empowering more than 20,000 students annually through tangible skill development, access to social capital, and direct connections to careers. ![]() Focusing on three pillars - financial literacy, career readiness, and entrepreneurship – JA San Diego has been synonymous with unique opportunities like The McGrath Family JA BizTown, Mission Fed JA Finance Park, and the JA Fellows at Lincoln High School. The program says it has worked through school districts, community partners, and directly with families across the county for more than 70 years. ![]() “This gift will allow JA San Diego to expand our services to serve more youth, in more ways, across more of San Diego County.” Scott and her team for this investment in San Diego youth,” said JA San Diego Board Co-Chair and CEO of Mission Fed Credit Union, Debra Schwartz. SAN DIEGO (KGTV) - MacKenzie Scott, the world's richest woman and the ex-wife of Amazon founder Jeff Bezos, has donated $1.1 million to the Junior Achievement of San Diego County.Īccording to officials, JA San Diego is one of 26 local programs that received a direct donation from Scott, who invested more than $38.8 million overall in the national organization and offices. ![]()
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