Do you want to speak at SOCAP23? The SOCAP Open Session Submission Period Is LIVE!

Submit Your Ideas Here by April 1!

“A wide tent: How Catholic nuns and corporations alike have converged on CDFIs”

Yi Wei May 27, 2021

The events of 2020 led to an unprecedented outpouring of corporate support for racial equity, community development, and local nonprofits and small businesses. As part of their effort to realize a more expansive vision of stakeholder capitalism, corporations have looked to community development financial institutions (CDFIs) as partners to leverage their balance sheets. In this session, we will hear from two corporate partners—Starbucks and JPMorgan Chase—about why they chose to partner with CDFIs, how they went about structuring their partnership, learnings to date, and how to ensure that the investment in community and equity is not merely a window in time.

At the same time, CDFIs have been around for decades, doing the work of deploying capital into community for triple bottom lines even before it was known as “impact investing.” To help us contextualize the history and growth of CDFIs, we will also hear from Sister Corinne Florek, the “godmother” of impact investing. She and the Catholic sisters were seminal in helping CDFIs establish proof of concept by investing their retirement savings in the early days of CDFIs. Together, we will explore why CDFIs provide a wide tent, attracting investors as diverse as Catholic nuns motivated by social justice to corporations motivated by stakeholder capitalism, and how CDFIs are uniquely positioned to align capital with justice.



Meta Themes

  • Impact Investing


CDFIs, Finance Justice, Equity & Inclusion

Purpose and Desired Outcome

Participants will leave with an expansive perspective on why such a diverse group of impact investors have converged on CDFIs as a means of deploying capital for justice.


  • Allocators (Family Offices, HNW Individuals, Foundations)

  • Asset Managers

  • Corporate & SME

  • Intermediaries (Financial Advisers, Investment Bankers)


  • NameYi Wei
  • TitleVP, Impact Capital
  • OrganizationIFF
  • StatusConfirmed
  • NameSister Corinne Florek, OP
  • TitleInvestment Manager
  • OrganizationAdrian Dominican Sisters
  • StatusConfirmed
  • NamePeter Filipovic or Maggie Kellogg
  • TitleVP, Treasurer/Business Analysis Manager
  • OrganizationStarbucks
  • StatusConfirmed
  • NameTBC
  • TitleExecutive leader in philanthropy
  • OrganizationJPMorgan Chase
  • StatusInvited
Join the SOCAP Newsletter!