OFN Awarded Grant from Newly Established Tipping Point Fund on Impact Investing
The Tipping Point Fund on Impact Investing (TPF), a donor collaborative vehicle with a mission of scaling the practice of impact investing, announced its first round of policy-focused grant recipients on July 8. The TPF will award $752,000 in grants to eight organizations, including OFN, to help raise the voice of impact investors and encourage leaders in Washington, D.C., to consider how U.S. federal policy can catalyze the flow of private capital towards urgent social, economic, and environmental challenges.
The TPF was launched in December 2019 with initial funding from organizations including Blue Haven Initiative, Ford Foundation, MacArthur Foundation, and Omidyar Network. As of July 2020, the TPF had raised $14 million in funding and remains open to additional funders who wish to contribute to the work of building the impact investing field.
“Both the COVID crisis and the movement for racial justice call urgent attention to the need to address profound structural inequality in our economy,” said Chris Jurgens, Chair of the TPF Executive Committee. “We need solutions to ensure capital is deployed to promote opportunity for all, not to further entrench injustice. Policies such as those advanced by these grants offer a critical means to achieve this goal.”
The first round of grant recipients includes:
- B Lab
- Center for Strategic & International Studies
- Opportunity Finance Network
- Pacific Community Ventures (OFN member)
- PRI Association
- Sorenson Impact Center
- Stockbridge Advisors
- Urban Institute
Read the full announcement.