Grant recipients are Americans for Financial Reform, the Center for American Progress, the Opportunity Finance Network, Pacific Community Ventures, and Prosperity Now
The Tipping Point Fund on Impact Investing (TPF), a donor collaborative committed to supporting public goods that are critical to the continued growth and fidelity of the impact investing market, announced today that it will award approximately $950,000 in grants to five organizations working to advance public policies related to SEC corporate disclosure and community investing.
This round of Public Policy grants was specifically focused on funding projects that address one of two areas: (1) advancing a robust SEC corporate disclosure agenda, particularly around human capital management, and (2) supporting community capital formation, particularly in historically underserved and BIPOC communities. Both areas are consistent with the TPF’s broader vision of the need for research on and advocacy for public policy changes with the potential to help grow the impact investing ecosystem.
“The events of the past few months, highlighted by delays in SEC rulemaking and politicized attacks against ESG, have highlighted the urgent need for more work in the public policy arena,” said Fran Seegull, Executive Director of the TPF and President of the U.S. Impact Investing Alliance. “Field builders like the TPF, and the organizations that TPF supports, can play an important role in elevating policy priorities that are critical for the efficient allocation of capital and well-informed decision-making on ESG risks and opportunities.”
“These five grant recipients bring a range of perspectives on advancing the public policy priorities of impact investors,” said Jessie Duncan, Program Officer at the TPF. “They will help produce valuable research which will help advance the conversation around ESG disclosure and community investing policy in Washington D.C. Grantees will also engage with policymakers and regulators to bring their recommended policy changes to fruition.”
This round of grant recipients are:
Americans for Financial Reform – Americans for Financial Reform (AFR) is a coalition of organizations with a joint mission of 'fighting to eliminate inequity and systemic racism in the financial system, in service of a just and sustainable economy.” With funding from the TPF, AFR will engage with policymakers, regulators, and other stakeholders to ensure the SEC’s human capital management disclosures rule and the related SEC ESG funds disclosures and names rules are finalized and incorporated into prudent decision-making.
Center for American Progress – Center for American Progress (CAP) is an independent, nonpartisan policy institute that is dedicated to improving the lives of all Americans through bold, progressive ideas. With funding from the TPF, CAP will advocate for strong SEC action on climate disclosures, which will, in turn, form the basis for regulation on other ESG topics.
Opportunity Finance Network – Opportunity Finance Network (OFN) is a leading national network of community development finance institutions (CDFIs) and a financial intermediary that invests in low-income, low-wealth communities. With funding from the TPF, OFN will expand its existing advocacy efforts to attract new public and private sector capital to CDFIs and to develop research that will drive its public policy work.
Pacific Community Ventures – Pacific Community Ventures (PCV) is a nonprofit impact investor and community development finance institution (CDFI) that supports small business owners and their communities in the fight for economic, racial, and gender justice. With funding from the TPF, PCV will advocate for relevant changes to federal program and agencies’ rules and regulations to ensure greater capital flows to historically underserved communities, particularly BIPOC communities.
Prosperity Now – Prosperity Now is a national nonprofit dedicated to building an economy that is just, fair, and free from structural racism, where every person, family, and community has the power to build sustainable wealth and prosperity. With funding from the TPF, Prosperity Now will engage and empower community advocates by developing an advocacy toolkit and convening stakeholders to inform and influence the creation, adoption, and implementation of more effective federal policies to advance economic equity for low-income and BIPOC communities through inclusive entrepreneurship.
Additional updates about these and other TPF grantees can be found on the TPF website.
About the Tipping Point Fund on Impact Investing
The Tipping Point Fund on Impact Investing (TPF) is a donor collaborative whose mission is to create and support public goods critical to the continued growth and fidelity of the impact investing market. The funding provided by the TPF will build on existing field-building efforts by prioritizing the areas that are chronically underfunded, are best suited for collective action, and require additional support beyond that provided by individual grantmakers. Learn more at www.tpfii.org.