Impact Investing
Investing to create lasting change and generate socioeconomic opportunity in our communities
In addition to our grants, we invest more than half of our endowment in a socially responsible manner and/or to catalyze a positive impact – from supporting small businesses led by women and people of color, to establishing affordable housing.
Featured Project
JAX Microfinance Fund
We founded the JAX Microfinance Fund to provide local entrepreneurs – especially those from underrepresented backgrounds – with loans at non-predatory rates. 100% of small businesses receiving loans so far, via our collaboration with Honeycomb Credit, have been owned by women and/or people of color.
A few of the small businesses we’ve supported in Jacksonville:
Featured Project
JAX Access to Capital Tool
Community Development Financial Institutions (CDFIs) offer patient and flexible capital that can bridge financing gaps in affordable housing projects, small businesses, and other community-based development projects. Unfortunately, Northeast Florida significantly lags Florida and the U.S. in terms of CDFI lending per capita.
We contracted with CDFI Friendly America to explore opportunities and challenges to increasing patient and flexible capital in Northeast Florida. One output has been this tool helping people navigate all the CDFI funding opportunities in the area.
