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.
Washington, DC / San Diego, CA, March 30, 2021 – Capital 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.
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.
Through partnerships and commitment, Capital Impact works to make sure that communities do not lose gains they have made in building equity and generational wealth
Arlington, VA (December 3, 2020) –Since early 2020, Capital Impact Partners, our communities across the country, and our partners have been working to pivot in the face of the COVID-19 pandemic. In addition, the country is facing a reckoning born from the undeniable spotlight on the generations-long inequities that communities of color have experienced. This is a moment in which many people are asking not just how do we get back where we were, but how can we use this moment to enable the transformation that we want to see, so that communities can build real stability, prosperity, and equity.
CPCA COVID Response Loan Fund Designed to Bridge Gap as Health Centers Face Lost Revenue Due to Coronavirus Pandemic
Sacramento, CA/Arlington, VA (October 07, 2020) – California’s community health centers (CHCs) are facing significant lost revenue as a result of business disruptions due to the COVID-19 pandemic. At the same time, CHCs are incurring unforeseen costs to implement technology for virtual health consultations. The impacts of the pandemic have been further exacerbated for many CHCs by the wildfires plaguing the state.
To bridge this cash flow gap, the California Primary Care Association (CPCA) and Capital Impact Partners have launched the $25 million CPCA COVID Response Loan Fund to provide flexible financing for CHCs. Fund investors include the Alliance Healthcare Foundation, The California Endowment, The California Wellness Foundation, JPMorgan Chase, Richard W. Goldman Family Foundation, and UnitedHealth Group.
Arlington, VA (October 7, 2020) –Capital Impact Partners is pleased to announce that Natalie Nickens Gunn, the company’s Chief Financial Officer, has been named to the Washington Business Journal’s “Women Who Mean Business” program. Now in its 17th year, this award honors the region’s most influential business women who have made a difference in their communities and are leaving a mark on the Washington, D.C. area community.
Grants will support equitable lending products, healthy food initiatives, and supportive housing
Arlington, VA (September 25, 2020) The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced yesterday that Capital Impact Partners was awarded $3.5 million in grants through the 2020 round of the CDFI Program. The organization was the 4th highest awardee among the 357 organizations recognized. The awards will enable Capital Impact Partners to expand its efforts to create new lending products for emerging developers of color in Washington, D.C.-Maryland-Virginia (DMV), expand support for healthy food entrepreneurs across California, and increase supportive housing in the San Francisco Bay Area.
JPMorgan Chase and the Heron Foundation Award Multi-Million Dollar Grants to Help Build the Alliance and Launch Three Initial Place-Based Pilot Programs
ARLINGTON, VA and SAN DIEGO, CA (August 4, 2020) – CDC Small Business Finance, the nation’s leading mission-based small business lender, and Capital Impact Partners, a Community Development Financial Institution (CDFI) that champions social and economic justice nationally, are proud to announce a new alliance. With a focus on economic empowerment and equitable wealth creation, the two organizations have the unique ability to deliver a full suite of lending products and programs that support community efforts to create strong, vibrant, and healthy places of opportunity.
Arlington, VA (July 29, 2020) – Capital Impact Partners today announced that it was awarded $15 million as part of a Giving Pledge commitment by philanthropist MacKenzie Scott. The award represents the single largest individual gift in the organization’s history and will help advance the organization’s racial equity work with communities nationwide.
The Guild and Bronx Cooperative Development Initiative each receive $25,000; ChiFresh Kitchen receives $50,000 prize
Arlington, VA (June 30, 2020) – The cooperative development model creates opportunities for economic mobility and for financial and community resilience, including during times of crisis. Three cooperative organizations were chosen to receive Capital Impact Partners’ Co-op Innovation Award, which aims to increase co-op development in communities with low incomes and/or communities of color. In partnership with The National Cooperative Bank, the 2020 awardees – ChiFresh, The Guild, and the Bronx Cooperative Development Initiative – received a total of $100,000.
