When we announced the PhilaImpact Fund a year ago, we noted that it was created to fill a gap, offering a safe, smart direct investment opportunity tailored specifically to the Greater Philadelphia region. Our goal was to ensure that the opportunity gaps that exist in our communities get smaller, so that every resident has a chance to thrive from possibilities born from the region’s vibrancy. The results to date have been inspiring.
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At the Total Impact Conference in late April, The Philadelphia Foundation and Reinvestment Fund announced a joint initiative named PhilaImpact Fund. This impact investing vehicle will allow each organization’s investors to fund development projects in Philadelphia and the surrounding counties. The PhilaImpact Fund connects investors, philanthropists and engaged citizens with the projects, initiatives and big ideas that generate results on a local level.
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