Between May 25 and the end of October 2020, Fortune 100 companies pledged a total of $66 billion USD to racial equity initiatives (McKinsey 2020). Across the impact investing ecosystem, numerous other stakeholders made further commitments to direct capital to advance racial equity goals.
How can we ensure that these investments drive the most significant impact possible? Is there a role to play in partnering with organizations that provide non-financial supports to further extend the impact of deployed capital?
In this session, we will hear from several organizations that have deployed and benefited from both capital and non-financial support options to drive racial equity goals forward. Case studies will likely include non-financial support options including: pro bono legal support; pro bono expert support with other professional services; and skills building and mentorship via social enterprise accelerators and incubators. We will also highlight steps for identifying good fits to deepen impact through non-financial supports.