2020 SFF AnnualReport - Page 43



IMPACT INVESTING
support affordable housing, economic opportunity, and entrepreneurship by women
and people of color.
help them finance a growing loan portfolio
of nonprofits and social enterprises in the
Bay Area. Community Vision is aligning our
capital with economic justice and alleviating
poverty by providing community-based
organizations and businesses with working
capital, lines of credit, and loans for affordable housing and community facilities. With
help from SFF’s investment and in the wake
of COVID, Community Vision is building a
financial system that supports low-income
individuals and communities of color to
build wealth, stability, and resiliency.
The Bay Area Community Impact Fund is an
important complement to the foundation’s
grantmaking, supporting our mission and
amplifying our impact in a sustainable
way. This work has succeeded in providing
a positive financial return to participating
donor advised funds while also making a
significant social impact in the community.
The Bay Area Community Impact Fund increased its investment in Community Vision
Capital & Consulting to $2.4 million, to
Bay Area Community Impact Pool
In addition to grantmaking, we use foundation and donor funds to make impact investments in
organizations and projects that align with our equity agenda. Along with other investments, our
loans have resulted in these outputs by our Bay Area Community Impact Fund Investees*:
HOUSING
1,579
3,154
affordable housing units
upgraded and preserved
affordable housing units
built and projected
ENVIRONMENT
675,430
9,444,652
3,043
energy cost savings
gallons of water saved
metric tons of greenhouse gas offset
JOBS
23,431
19,484
permanent jobs
created or retained
loans made to small
businesses
NONPROFITS
220
307,766,428
799,307
loans to community
nonprofits by borrowers
in loans disbursed to
nonprofits by borrowers
square feet of nonprofit
space created or improved
*Impact made in combination with other financing sources. Numbers cumulative to 12.31.19.
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