On May 16, 2023, the Baltimore Community Foundation gathered donors, advisors, nonprofit partners and other stakeholders for its 2023 Investment & Impact Briefing. Marking the first time the event has been held in-person since 2019, BCF shared important news of its strategy and growth. Since 2020, donors have opened 112 new funds at BCF and $102 million has been distributed from donor-advised, discretionary and other restricted funds. Last year alone, BCF distributed $31 million to nonprofits in Baltimore and beyond. In addition to sharing investment strategy, results and impact, the event spotlighted the Invest for More impact investing program, which has loaned $6+ million to projects and programs that offer a financial return alongside community benefits. Among the impact investments profiled at the event was a $250,000 loan to the International Rescue Committee’s Center for Economic Opportunity (IRC-CEO) to provide micro credit-building loans and financial education for immigrants and refugees, helping them to transition into the financial mainstream.
Furthermore, BCF welcomed the following new members into its Professional Advisor Recognition Society (PARS), a group of financial and legal advisors who prioritize philanthropy in their practice: Jonathan Ackerman of the Law Office of Jonathan Ackerman, LLC, Susan M. Hovanec of The Winslow Group at RBC Wealth Management and James D. Stone, formerly of Bowie & Jensen, LLC.
For those who were unable to attend, the full presentation is below.
