Investing for more means making focused, carefully selected investments in companies, organizations, and funds with the intention of generating a measurable, beneficial social impact in our Baltimore region, as well as a financial return.
How Does It Work?
BCF is committing up to four percent of its invested assets to an investment pool dedicated to local impact. BCF invests for local impact through intermediaries in a variety of instruments that directly support economic growth and human capital in the Baltimore region. For example: one of BCF’s first local impact investments went to Enterprise Community Partners to support development of multifamily affordable housing in Baltimore.
Local impact investments are expected to yield a double bottom line: an expected overall financial return of about 3% as well as a social return through the projects supported.
BCF invites you to join us in investing for local impact.
How YOU Can Invest for More
Achieving local impact as well as financial return
Do you have a donor-advised fund at BCF?
You may commit a portion of your non-endowed donor-advised fund for a period of seven years for local impact investments. Funds with assets greater than $50,000 may commit up to 75%; funds with assets less than $50,000 may commit up to 20%.
During the seven years, these assets will not be available for grantmaking, but will provide a financial return to your donor-advised fund as well as local impact through the projects supported by BCF’s local impact investments. At the end of seven years, you may choose to renew your commitment for another seven years, or have the assets returned to your fund to be used for grants that you recommend. Administrative fees will continue to be calculated on your Fund’s total assets including those committed to local impact investments.
If your donor-advised fund is endowed, your fund is fully invested in the BCF Pool, a portion of which is committed to local impact investments. Because of rules governing investment of endowments* your endowed donor-advised fund may not make an additional commitment to local impact investments.
*UPMIFA (the Uniform Prudent Management of Institutional Funds Act) requires that BCF invest endowed funds in a diversified portfolio, such as the BCF Pool, designed to maintain value over time.
You don’t have to be a fundholder to help!
Help us Invest for More by making a donation of any size. Your gift to the Invest for More Fund will permanently increase the money available for BCF’s local impact investments, and we will report regularly on the projects made possible by your generosity.