Reinvestment Fund, in partnership with Brookings Metro, announced a report entitled A Call to Action for HBCU Investment, which is part of Reinvestment Fund’s work to advance the local and national impact of Historically Black Colleges and Universities (HBCUs). The report outlines six steps that HBCU and leaders of financial institutions can take to increase investment in HBCUs.
Reinvestment Fund financing is helping Allen University restore and repurpose the Waverly Hospital in Columbia, South Carolina.
Reinvestment Fund announced that it has received a major gift from philanthropist Mackenzie Scott. Reinvestment Fund is among 384 organizations who received a total of $4.2 billion today as part of Ms. Scott’s giving to organizations working to alleviate suffering for those hardest hit by the pandemic.
We at Reinvestment Fund mourn the death of the indomitable Justice of the Supreme Court, Ruth Bader Ginsburg, who made it her life’s work to dismantle and eradicate the practice of systematic discrimination against women, Black and brown people, and LGBTQ people.
We are grateful for another impactful year—your support and investment in Reinvestment Fund helped us originate $158.5 million in 2019 to finance homes that families can afford, schools where students can succeed, stores to get nutritious food, and strong businesses.
Reinvestment Fund is a national mission-driven financial institution that creates opportunity for underserved people and places through partnerships. In 2018, we marshaled the capital, analytics, and expertise necessary to build strong, healthy, and more equitable communities. Among the highlights: We invested $217.9 million, including $43 million in our hometown of Philadelphia and $33 million in the City of Baltimore.