Wealthy philanthropists can give help to those who need it most by investing in local foundations and their communities.
For impact investing to realize its true potential, we must change the mindset and narrative related to there being a “lack of pipeline” in underserved communities—rural and urban—to a perspective that people in communities create the environments in which outside investments can thrive.
This spring, community foundations around the country will host one-day, online giving campaigns for nonprofits in their regions. But the model needs an overhaul if it’s going to benefit more than the community foundations themselves.
To address 21st-century problems, we need to build a civic infrastructure that serves all members of society, especially those on the margins.