Twitter Highlights Finance Justice Fund in First Global Impact Report
On April 7, Twitter released its first Global Impact Report, which shines a light on various initiatives throughout the company that are making a positive impact in the workplace and in communities around the world. The report shares highlights and results of Twitter’s progress on these initiatives in 2020 and so far in 2021, with focus areas including sustainability, healthy and safety, and community development.
OFN’s Finance Justice Fund is one such initiative highlighted in the report (see page 36). The first investor in the Fund, Twitter talks about the company’s commitment to helping create greater access to capital for financially underserved people and communities through its $100 million investment in the Fund — the company’s single biggest investment to date — as well as the portion of returns from the Fund that Twitter will reinvest in Operation HOPE financial coaching centers.
The report also highlights the first two loans closed through the Fund to OFN member CDFIs Indianapolis Neighborhood Housing Partnership (INHP) and Illinois Facilities Fund (IFF), in addition to soliciting other companies to join Twitter as fellow Finance Justice Fund investors.