Source: ImpactAlpha

As a relatively new impact investor, RWJF is working to deeply embed racial equity in how we do our work and the outcome we hope to see. Our Impact Investments team calls this our “3P” strategy: investing in diverse people, providing the field with products that are equity-like, and making the process of identifying investments accessible to the broadest range of organizations, We keep all three “P”s in mind as we build our pipeline investments—people, process, and products—with health equity as our North Star. We are committed to increasing investments in neighborhoods and places that historically have been excluded from investment and opportunity. Among our recent impact investments, we made the following commitments:

• A $2.5 million investment in the Dearfield Fund for Black Wealth, which seeks to expand homeownership among Black families in the Denver metropolitan area by providing low-cost down payment assistance. For most American families, homeownership is the primary way to build wealth, which enables better health and well-being. However, systemic barriers and discrimination have resulted in homeownership rates among Black households that are the lowest of any racial group in the United States. The Dearfield Fund expects to support 500 first-time Black homeowners in its work to drive wealth-building to advance racial equity.