Enterprise Capital is an approach to philanthropic funding that treats long-term, flexible capital as the high-value fuel that empowers nonprofits to fulfill their social and economic missions. Also referenced as “philanthropic equity” or “net asset grants,” Enterprise Capital refers to any form of long-term, unrestricted funding that targets an organization’s balance sheet—allowing investment where it is needed most.
Join the Federal Reserve for a discussion on Enterprise Capital and the ways it can increase the effectiveness of philanthropic and nonprofit efforts to advance racial and economic equity. The work of nonprofit organizations is critical to our nation’s economy as we seek to overcome structural racism, wealth inequality, and the consequences of climate change. However, many nonprofits continuously struggle to secure the funding that enables them to build financial strength. Addressing this lack of funding will enable them to meet the challenges of this moment more effectively.
This session will feature practitioners who are employing the Enterprise Capital approach, along with other tools, to shift capital and power to those who are closest to the issues at hand and best positioned to create effective solutions.
Speakers:
- Cory Anderson, chief innovation officer, Winthrop Rockefeller Foundation
- Andrea Levere, executive fellow, Yale School of Management; President Emerita, Prosperity Now
- Abigail Suarez, program officer of community development in global philanthropy, JPMorgan Chase & Co.
- Lem White, Co-CEO, Possibility Labs
- Sarah Simms, community development finance manager, Federal Reserve Bank of San Francisco (facilitator)
- Matuschka Lindo Briggs, director of special projects and strategic support, Federal Reserve Bank of St. Louis (moderator)
Participation is free, but pre-registration is required.