Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Tuesday, July 1
    Facebook X (Twitter) Instagram Pinterest Vimeo
    Invest Insider News
    • Home
    • Bitcoin
    • Commodities
    • Finance
    • Investing
    • Property
    • Stock Market
    • Utilities
    Invest Insider News
    Home»Investing»Manistee foundation using impact investing
    Investing

    Manistee foundation using impact investing

    July 22, 20242 Mins Read


    Laura Heintzelman, foundation president and CEO, spoking during a City of Manistee Planning Commission meeting July 11 to share how impact investing can help the foundation generate both a financial and social return.

    “It came out of recognizing that our grant-making alone is not going to be enough to help us address our community’s complex and increasingly expensive challenges,” Heintzelman said. “… We considered ways to expand our impact … and looked at reflecting and learning from what other community foundations and other foundations are doing. (We looked at) taking a portion of the monies that are invested, and rather than investing them in our traditional portfolio, looking at ways we can invest them locally right here in Manistee County.”

    Heintzelman said the community foundation will not be doing the local investing on its own.

    “We don’t have that expertise, but we’re partnering with special type of entity called a community development financial institution,” she said. “… They are a special type of financial institution that really helps to serve underserved communities, helps to increase access to affordable capital. They don’t compete with banks, but they partner with banks because they each do different things for community members.”

    For more than 35 years the foundation has served “as a vehicle for philanthropy, helping to connect donors with making meaningful and lasting change across Manistee County,” Heintzelman said.

    The foundation awarded in 2023 more than $700,000 in grants and scholarships.

    “Contributions to the community foundation become local community assets that help support and sustain this place that we all love,” Heintzelman said.

    The foundation made $250,000 loans to two community development financial institutions, according to Heintzelman, which in turn have started loaning in Manistee County.

    “It’s really the sweet spot in the middle where we are looking to both generate a financial return because that’s important to us to continue to fulfill our mission and have money available for grant-making each year, but we’re also looking for that community benefit,” she said. “… I hope to very soon have more updates to share with the community about the specifics of how those loans are helping to enhance the quality of life here, helping to strengthen our economy.”



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleIndian Railway Finance Corporation Share Price Highlights : Indian Railway Finance Corporation closed today at ₹204.55, down -0.58% from yesterday’s ₹205.75
    Next Article Michael Saylor Issues Crucial Bitcoin Statement as BTC Soars to $68,000

    Related Posts

    Investing

    Analyses et prévisions relatives aux crypto-monnaies

    June 29, 2025
    Investing

    Les États-Unis peuvent-ils mettre fin à leur dépendance vis-à-vis de la Chine pour les terres rares avant qu’il ne soit trop tard ?

    June 9, 2025
    Investing

    Tesla corrige après un rallye de 23% en mai : Faut-il craindre un déclin durable ?

    June 5, 2025
    Leave A Reply Cancel Reply

    Top Posts

    Action Ganglong China Property Group Limited | Cours 6968 Bourse Hong Kong S.E.

    July 31, 2007

    les fondamentaux de l’or restent bons

    September 4, 2007

    les fondamentaux de l’or restent bons

    September 4, 2007
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews
    Stock Market

    Markets’ reactions to the budget decrease chance of an interest rate cut | Money News

    October 30, 2024
    Stock Market

    Gold hits record high on global uncertainties; silver marginally down

    October 23, 2024
    Bitcoin

    Justin Sun responds after USDD stablecoin silently removes $732m of Bitcoin collateral – DL News

    August 22, 2024
    What's Hot

    Michael Saylor Stuns Crypto Community With Bitcoin ’21 Million’ Statement

    August 21, 2024

    Willmar Municipal Utilities general manager search continues – West Central Tribune

    October 12, 2024

    UK house prices fall at fastest pace in four years after stamp duty rise

    June 18, 2025
    Most Popular

    Le bitcoin ‘est-il «découplé par conclusion des actions? Les experts pèsent

    April 22, 2025

    L’analyste technique Katie Stockton révèle à quoi s’attendre pour Bitcoin et Ethereum – voici des résistances et des supports critiques

    April 23, 2025

    Supply Minister, FRA chairperson discuss strategies to enhance commodity market

    July 21, 2024
    Editor's Picks

    US stocks edge higher as ECB keeps rates steady

    July 18, 2024

    Bitcoin passe au-delà de 105 000 $ tandis que TrendPulse Signals 1.0: faites attention à ce seuil

    June 7, 2025

    Bitcoin Explodes as the FED May Cut Rates in September!

    August 23, 2024
    Facebook X (Twitter) Instagram Pinterest Vimeo
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions
    © 2025 Invest Insider News

    Type above and press Enter to search. Press Esc to cancel.