Fund to sustain early learning providers, including childcare, pre-k, and home visiting programs serving children from birth to age five
William Penn Foundation, Vanguard, and Reinvestment Fund today announced a collaboration to support Philadelphia childcare providers who are struggling to sustain their businesses through closures caused by the COVID-19 pandemic. A $5 million grant from William Penn Foundation and a $2 million grant from Vanguard’s Strong Start for Kids Program will launch the Philadelphia Emergency Fund for Stabilization of Early Education (PEFSEE), which will help Philadelphia continue its important progress in ensuring access to high quality early learning.Read More
Reinvestment Fund announced three initiatives in memory of its founding Executive Director, Jeremy Nowak. Jeremy led Reinvestment Fund for 26 years, establishing a powerful vision for strong, equitable communities. The initiatives honor key aspects of Jeremy’s life work.
“We at Reinvestment Fund were fortunate to have witnessed and learned from Jeremy’s genius for so many years,” Don Hinkle-Brown, President and CEO of Reinvestment Fund. “In designing these initiatives, we want to memorialize his legacy and encourage work that advances his life’s pursuits.”Read More
The Philadelphia Department of Public Health has announced the launch of the Philadelphia Food Justice Initiative, an exciting new program in partnership with the Reinvestment Fund to support community-driven projects to advance food justice. As part of the launch, the initiative announced the selection of six projects for a total of $180,000 in funding support.Read More
Reinvestment Fund today announced $1.8 million in financial and technical assistance awards to 23 projects through the Healthy Food Financing Initiative (HFFI) inaugural grants program. Funding for the HFFI grants program is provided by the United States Department of Agriculture (USDA), authorized by the 2014 Farm Bill. Ten projects received a total of $1.4 million in financial assistance and another 13 projects received a total of $400,000 in technical assistance awards.Read More
Reinvestment Fund is offering a new capital and planning resource that aims to increase access to healthy, nutritious meals for children from vulnerable populations. The New Jersey Child Nutrition Fund (NJCNF) offers capital and technical assistance to providers who participate or wish to participate in federal meal programs, Child and Adult Care Food Program (CACFP) and the Summer Food Service Program (SFSP). NJCNF is funded by the Robert Wood Johnson Foundation.Read More
Reinvestment Fund is inviting applications for financial and technical assistance through the Healthy Food Financing Initiative’s (HFFI) inaugural grants program. Funding for the HFFI grants program is supported by the United States Department of Agriculture (USDA), authorized by the 2014 Farm Bill. As the National Fund Manager, Reinvestment Fund will offer financial resources and expertise to eligible healthy food retail projects to expand access to healthy foods in underserved areas, to create and preserve quality jobs, and to revitalize low-income communities.Read More
Reinvestment Fund and The Philadelphia Foundation announced the launch of PhilaImpactFund, a new place-based impact investment opportunity targeted to the Greater Philadelphia region. The Fund is believed to be a first-of-its-kind collaboration between a community foundation, The Philadelphia Foundation, and an asset manager that also originates community development loans, Reinvestment Fund. Each organization has committed $5 million toward PhilaImpact Fund’s $30 million goal.
PhilaImpact Fund offers an opportunity for investors to channel their capital into neighborhood development projects that support regional growth and local initiatives in the communities that need them the most. The Fund will support projects serving critical needs for people across the region promoting housing stability for low-income families, better health outcomes, higher educational attainment, greater access to fresh, healthy food, and more.Read More
Across the country, nearly 40 million Americans live in rural and urban neighborhoods where easy access to affordable, high-quality, and healthy food is out of reach. A new bill, introduced by Representatives Marcia Fudge (D-OH) and Dwight Evans (D-PA), addresses this critical issue by bolstering an existing program that has demonstrated success in improving access to healthy foods and spurring economic revitalization in underserved communities. The “Healthy Food Financing Initiative Reauthorization Act” would reauthorize the Healthy Food Financing Initiative (HFFI) program at United States Department of Agriculture (USDA) Office of Rural Development, originally established at the agency in the Agricultural Act of 2014.Read More
GEEARS: Georgia Early Education Alliance for Ready Students, Learn4Life, Metro Atlanta Chamber, and Reinvestment Fund today announced the launch of ATL ACCESS Map, a new tool to explore the early learning landscape in Metro Atlanta. ATL ACCESS (Atlanta Child Care and Early Learning Supply Status) Map models the supply, demand, and gaps related to child care in the region. It identifies places where care is most scarce, and where investments are most needed.
Neighborhoods across the five-county metro region, which includes Fulton, DeKalb, Clayton, Cobb, and Gwinnett, have a shortage of early care and education services. Data estimates that there are as many as 262,000 children under five in the metro region who need access to care.Read More
Reinvestment Fund announced the creation of a $10 million Pay for Success (PFS) Fund to support PFS transactions in the United States. QBE Insurance Group, one of the world’s top 20 general insurance and reinsurance companies, plans to invest $7 million in the fund. Living Cities, a collective of the world’s largest foundations and financial institutions, plans to invest $2 million. Reinvestment Fund will invest $1 million from its core loan fund, which is supported by more than 850 impact investors. Reinvestment Fund will also manage and administer the fund.Read More