In 2018, BCF launched Invest For More, an impact investing program making focused, carefully selected investments into companies, organizations, and funds with the intention of generating a measurable, beneficial social impact in our Baltimore region, as well as a financial return. Not only does Invest for More dedicate millions of dollars in BCF’s investment portfolio to local impact, but BCF donors and the general community have the opportunity to co-invest in the program. Donors who hold non-endowed funds at BCF, usually held in money market instruments, can dedicate a portion of their fund’s assets to Invest for More for a period of seven years. That investment will provide a financial return to the donor’s charitable fund while creating local impact through the projects supported by BCF’s local impact investments. At the end of seven years, donors may either renew their commitment to Invest for More or have the assets returned to their charitable fund to be used for donor-advised grantmaking.
BCF has committed up to four percent of its invested assets (BCF’s invested assets totaled $200 million at the end of 2019) to Invest for More. Local impact investments are expected to yield a double bottom line: an expected overall financial return of about three percent as well as a social return through the projects supported. BCF made three initial investments in 2018: in Enterprise Community Partners Impact Notes; Reinvestment Fund Notes; and RBC Access Capital Mutual Fund. With investment from BCF and others:
Want to know more?Check out our Invest for More Brochure or view this video of our Invest for More panel from our annual Investment Briefing on May 22, 2019.
2019 BCF Investment BriefingHONORING PROFESSIONAL ADVISORS
BCF recognizes legal and financial professionals who demonstrate a commitment to the community by working to advance philanthropy and encourage charitable giving across Baltimore. New members of the Professional Advisor Recognition Society will be welcomed at the event. Current members are listed on the back of this invitation.
UPDATE ON INVESTMENT RESULTS
Patricia Baum, chair of BCF’s Investment Committee
INVESTING FOR IMPACT PANEL
Hear firsthand from the organizations who BCF invested in. These are the people who do the work; they will discuss the impact of local investments.
Baltimore Community Lending, Inc., Healthy Neighborhoods, Inc.,
RBC Global Asset Management, The Reinvestment Fund