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Capital Impact Partners Selected Among 2021 Best Nonprofits to Work For by NonProfit Times

Organization Selected 19th Overall and 8th in the Medium-Sized Category Nationally

Arlington, VA (April 12, 2021) – Capital Impact Partners was selected as one of the 50 Best Nonprofits To Work For in 2021 by the NonProfit Times, the leading publication for nonprofit managers. In this national program, Capital Impact was 19 overall, and 8th in the medium-sized category which made up half of this year’s list. The company is one of only three Community Development Financial Institutions to make this list.

Sue Mosey of Midtown Detroit, Inc. with Ne’Gyle Beaman of Bleu Bowtique

Philanthropy for Outsized Impact: The Power of Program-Related Investments

This blog also appears on the Engage R + D blog. You can find it here.

How can foundation dollars be more powerful in a time of crisis? As COVID-19 continues to disproportionately impact communities that have long experienced economic disinvestment, many are asking how to leverage philanthropic funding differently for more immediate impact and greater social good. One solution comes in the form of impact investing, which includes a range of financial tools for both individuals and institutions seeking to do greater good with their dollars. While impact investing is not new, it is a powerful tool that many foundations seek to better understand and that remains relatively underused in philanthropy. [1],[2]

Grants vs. PRIs: What’s the Difference?

Grants are most foundations’ bread and butter. They support a foundation’s charitable mission and are limited to 501(c)3 tax-exempt organizations. Grants do not require repayment.

PRIs are an IRS designation that allow private foundations to make charitable, mission-aligned investments. These investments typically take the form of low-cost financing and loans, which require repayment within a specified time. While many require a return or accrue interest, they are not expected to produce market-rate returns.

Capital Impact and CDC Small Business Finance logos

Capital Impact and CDC Small Business Finance Align Operations Under One CEO to Transform How Capital Flows into Disinvested Communities (Blog)

We are excited to announce that Capital Impact Partners and CDC Small Business Finance are formally coming together to launch a transformative new enterprise and innovate how capital and investments flow into historically disinvested communities to advance economic empowerment and equitable wealth creation.

Leveraging our 80 years of experience, nearly $3 billion in assets, and strong ties to both large financial institutions and community-based organizations, Capital Impact Partners, and CDC Small Business Finance, the nation’s leading mission-based small business lender are now operating as one under Capital Impact’s current President and Chief Executive Officer Ellis Carr.

Capital Impact Partners and CDC Small Business Finance Align Operations Under One CEO to Transform how Capital Flows into Disinvested Communities and Drive Economic Empowerment

Washington, DC / San Diego, CA, March 30, 2021Capital Impact Partners and CDC Small Business Finance are uniting operations to launch a transformative new enterprise and innovate how capital and investments flow into historically disinvested communities to advance economic empowerment and equitable wealth creation.

Leveraging their 80 years of combined efforts engaging with communities and nearly $3 billion in assets, Capital Impact Partners, one of the nation’s leading Community Development Financial Institutions (CDFI), and CDC Small Business Finance, the nation’s leading mission-based small business lender are now operating as one under Capital Impact’s current President and Chief Executive Officer Ellis Carr.

Justice

To Our AAPI Community: We Stand with You

By Ellis Carr, President and CEO

At Capital Impact Partners, we condemn the recent and ongoing acts of violence against our Asian-American and Pacific Islander (AAPI) community, and are fervently opposed to any language or thoughts that justify or lend themselves to such terrible acts.

GWP CEO J.B. Holston and Capital Impact Partners President and CEO Ellis Carr

VIDEO: Fresh Take – A Conversation about the Power of CDFIs to Expand Economic Power and Inclusive Growth

In February, our President and CEO Ellis Carr sat down with the Greater Washington Partnership’s CEO J.B. Holston for a conversation about economic power and inclusive growth in disinvested communities, and the role that Community Development Financial Institutions (CDFIs) play in transforming communities nationwide into places of opportunity, including in the Washington Metro area. 

CDFIs have long operated hand-in-hand with our neighbors, living and working in close proximity to the communities in which we invest; community investment is at the center of our work. Working shoulder-to-shoulder with communities, we help foster the future they see for themselves, using inherent community assets to build an equitable and prosperous future. That community-centric approach helps us create tools and solutions that both work for communities and foster transformative change.

Capital Impact Partners’ Work Throughout 2020 Focused on Helping Communities Maintain Access to Essential Social Services Throughout the COVID-19 Pandemic, While Supporting Racial Justice and Equity for Our Communities

Ensuring that communities do not take steps back in their economic justice journey has and continues to drive our work to support disinvested communities, through new enterprises, programs, and lending initiatives

Arlington, VA (March 2, 2021) –2020 was a hard year for people nationwide and globally, especially for communities that were already struggling with inequity and lack of opportunities before the COVID-19 pandemic started. Amidst the health and economic impacts of the pandemic, racial violence and discrimination also continued unabated. As a result , communities saw companies, organizations, and jurisdictions taking initial steps toward ensuring equity and justice for Black, Indigenous, and people of color. While we are encouraged by the recognition of all sectors of society for the need for action, it must also be acknowledged that so much more remains to be done.

Capital Impact Partners CEO Ellis Carr and CDC Small Business Finance CEO Kurt Chilcott

Alliance CEOs – Opinion: Equitable revitalization critical to Detroit’s future (Detroit News)

Ellis Carr is now the president and CEO of Capital Impact Partners and CDC Small Business Finance. Kurt Chilcott, formerly president and CEO of CDC Small Business Finance, has transitioned to Board Chair of the combined organization. We invite you to learn more about our new enterprise at www.investedincommunities.org


With a mission to empower equitable community growth, CDC Small Business Finance and Capital Impact Partners recently launched three place-based pilot programs as part of our new alliance. The pilots are in Detroit, Los Angeles, and Washington, D.C. Metropolitan (D.M.V).  Cross-organizational teams have been engaging with these communities to identify the unique issues of each city.

As part of the alliance’s focus on Detroit, CDC Small Business Finance’s CEO, Kurt Chilcott, and Capital Impact Partners CEO, Ellis Carr recently wrote an op-ed about their holistic approach to community and economic development that was published in The Detroit News.

Students walk down hallway with teacher

In the Face of COVID-19, One Detroit School Meets Its Community With the Services It Needs

Since COVID-19 began, times have been incredibly trying for many across the country. Schools and teachers have been particularly hard-hit, having to figure out what education looks like in this new reality. It has been grueling, the hours have been long, and all of this has taken place as teachers and school staff fear for the health and safety of their students, loved ones, and themselves.