$ocially Conscious- The Reinvestment Fund at 30

Written on: August 26, 2015

This year, 2015, marks TRF’s 30^th anniversary. In 2014, they provided $169 million in financing, the largest single year investment, to 70 projects that will have a meaningful impact on low-income communities.  Investors like the Grey Nuns of the Sacred Heart make these ventures possible. Highlights include:

Improving access – In 2014, TRF invested $29 million in projects that will increase access to healthy food in underserved communities.  Among the projects, was a new Price Rite supermarket in Camden, NJ, the only supermarket within the city. TRF also launched a new national initiative, ReFresh, as a platform for sharing best practices among healthy food access projects across the country.

Amplifying opportunities – TRF reached a lending milestone of $300 million in cumulative education investments in 2014.  This includes financing a new home for the East Harlem Tutorial program’s second school and its expanded after-school and summer programs.  In Philadelphia, TRF launched the Fund for Quality, to increase high-quality early childhood education opportunities for low-income families.  The first-of-its-kind local initiative is currently supporting 14 facilities.

Strengthening communities – Last year, TRF financed the first county-level Pay for Success (PfS) program in Cuyahoga County, OH.  The program seeks to improve the lives of children and families by reducing the time children of homeless parents spend in foster care and accelerate the process of reconnecting the children with caregivers in stable, affordable housing.  TRF financing is also bringing back to life the largest vacant structure in Central Baltimore, the 100-year old Centre Theater.  The repurposed building will house office space and a new joint film program by Johns Hopkins University and The Maryland Institute College of Art.

Perhaps you know someone who would like to become a TRF investor? The financial return is modest, but the social return is enormous. Together, investors create new homes, new schools, quality jobs, and thriving businesses in neighborhoods that need them most. Learn more at TRF Investing

TRF Investing Model:

* investors lend a minimum of $1,000

* investments range from 3 to 30 years

* Interest varies by length of time– longer term, higher rate

* Some choose to make equity contributions where every $1 puts $5 to work on the street for years to come

* TRF is a 501 c3 and equity contributions to TRF are tax deductible.

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Read our previous article on The Reinvestment Fund here

This entry was posted in From our Sisters and tagged: affordable housing, early childhood education, education initiatives, equity, Fund for Quality, healthy food, investing, Socially Conscious investing, The Reinvestment Fund, TRF