2020 SFF AnnualReport - Page 41



A
s a civic leader, we take a complete
approach to advancing racial equity
end economic inclusion in the Bay Area. In
addition to grant funding, donor engagement, advocacy, and multi-sector partnerships, we believe in using our assets
to make a difference through our diligent
stewardship of the assets with which we
are entrusted for strong performance and
through making investments that enhance
the foundation’s equity agenda.
We seek a consistent thread from the
foundation’s mission to our investments
by intentionally allocating capital where it
has not been previously (with women and
Black, Indigenous, and people of color) and
by leading our peers by example in how to
change the capital market landscape.
We consider the diversity of our fund
managers as well as environmental, social,
and governance criteria across all our
investment pools. We’re proud that 35
percent of our investment managers are
majority-owned by women or people of
color (compared to an industry average of
less than one percent), and we continue
to seek out investment firms owned by
groups that have historically faced barriers
to accessing capital.
For example, one of our investment managers, Impact America Fund, was founded
and is run by Kesha Cash, a Black woman,
and the fund is primarily staffed by Black
investment professionals. The fund invests
in companies run by women and Black, Indigenous, and people of color who are
working to strengthen communities for a
future where people of color experience
true agency and participation in the American economy.
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