
Through BALLE’s Foundation Circle, we worked with the Baltimore Community Foundation to develop and deploy a new $6 million racial equity investment strategy to support Baltimore-based businesses. This represented a 4% shift of the foundations $148 million endowment into impact investing.
Women and minority-owned firms have struggled to attract the business of philanthropy, family offices, and high-net worth individuals, hence why female minorities manage a mere 1% of all funding. Knight Foundation itself became aware of this problem and made an active choice, now investing $472…