Unrestricted Grants

The enterprises we invest in and support have often been excluded from access to capital and opportunity. In part, that’s because it is too costly for conventional institutions to meet their needs. We rely on philanthropic support to cover our operating costs so that we can help restore wealth and well-being to communities of color in Eastern Massachusetts.

Program Grants

To address the structural conditions that give rise to our unequal economy, we engage in field-building initiatives that challenge conventional beliefs about ownership, competition, profit-making and control—and advance fresh perspectives on democratizing investment, strengthening relationships and building solidarity. Program grants support these initiatives.

Fund Reserve

A small amount of grant capital can go a long way when it comes to impact investing. The Boston Impact Initiative Fund leverages a grant dollar almost tenfold and accelerates the flow of investment capital to entrepreneurs who are making Boston’s economy more equitable and inclusive.

Philanthropic Notes

Philanthropic Notes are open to accredited investors and institutions, including foundations. The minimum investment is $5,000 and the maximum investment is $250,000. These notes have a 5-year term and carry an interest rate of 1%.The Philanthropic Note Pool is expected to be $1,000,000.

Solidarity Notes

Solidarity Notes are open to accredited investors and institutions, including foundations. The minimum investment is $10,000 and the maximum investment is $1,000,000. There are two kinds of Solidarity Notes: the 7-year note carries an interest rate of 4%; the 3-year note carries an interest rate of 3%. If the Solidarity Note Pool experiences losses, all or a portion of these losses may be covered by a dedicated reserve. The Solidarity Note Pool is expected to be $7,000,000.

Community Notes

Community Notes are open to non-accredited investors residing in New England. The minimum investment is $2,000 and the maximum investment is $25,000. These notes have a 3-year term and carry an interest rate of 3%. If the Community Note Pool experiences losses, all or a portion of these losses may be covered by a dedicated reserve. The Community Note Pool is expected to be $1,000,000.