Powered by Community Breakthroughs
2025 Annual Impact Report
In the face of a shifting federal landscape and significant social headwinds, the BII community did more than just persevere—we leaned into our mission with a renewed sense of urgency and coalition.
Total Capital Raised
$32M+
since inception across all funds
Investor Community
390+
individuals and institutions since 2013
Ecosystem
29
funds launched across the U.S. and Canada
2025 Impact Highlights
In 2025, we closed Fund II with $22.3 million from 235 investors, exceeding our $20 million goal by year’s end. This capital is now being deployed in businesses building community wealth, accelerating the clean energy transition, and expanding cooperative ownership models. We invested $4.2 million in nine small businesses and community-controlled real estate projects, bringing our total Fund II investments to $10.4 million across 29 enterprises. Our commitment to field-building reached new heights as we completed our fifth ARC Fellowship program, training 23 leaders from ten funds across the United States. We also launched the First Mover Fund—a $5 million catalytic capital vehicle designed to invest in our ARC Fellowship alumni—and approved our first investments totaling $525,000.
“As we look toward 2026, we are not just waiting for the storm to pass; we are building the infrastructure for what comes after. Thank you for your unwavering partnership and for proving that when we move together, breakthroughs are inevitable.”
In solidarity,
Betty Francisco
Chief Executive Officer
Aliana Piñeiro
Chief Impact Officer
Investing for Justice
Dive into the businesses and community builders BII is investing in, and the data behind 990 jobs supported, $121M in revenue generated, and 818 units of affordable housing maintained in 2025.
Our Investors
See how BII’s integrated capital approach — blending grants, debt, and equity — powered $22M raised across 235 investors in Fund II.
Building the Field
Learn how BII’s ARC Fellowship and First Mover Fund are building a nationwide movement of justice-driven capital — 90 fund managers trained, 29 funds launched, and $60M+ deployed into communities across the country.
Investing for Justice
At BII, we do more than write checks — we invest in people and places building a just and sustainable economy, standing alongside entrepreneurs with fair and flexible capital, hands-on advising, and trusted connections. Here’s a look at the businesses and community builders we’re proud to call partners, and the shared impact we’re building together.
Company Ownership
Average percentage ownership across the portfolio, accounting for external shareholders
Equity in Employment
Capital Raised
Rewriting the Rules of Success
“I decided from the start that if someone was ever going to work for my company, they were going to have great pay and tons of benefits.”
Integrated Capital Investment Highlights
Our integrated capital approach, which blends grants, debt, and equity to meet entrepreneurs where they are, is central to our mission of advancing community ownership, shared wealth and economic power. This strategy is supported by a strong community of mission-aligned investors who believe in deploying catalytic capital to build lasting community wealth.
Building Climate Resilience and Community from the Ground Up
"It’s been an easy decision (to invest) because of the value system BII follows. It’s a values-driven approach that turns the status quo on its head in a way that we like and appreciate.”
Building the Field of Impact Investing
We equip aspiring and active fund managers with the knowledge, tools, and community needed to drive transformative change in finance. Through field-building and education programs, we provide hands-on learning, mentorship, and peer engagement that foster fresh perspectives on trust-based investing, balance risk and return, and democratize ownership and decision-making.
ARC Fellowship
90
Fund managers trained by BII
38
Organizations represented across the U.S. and Canada
29
Funds have launched and are raising and deploying capital
The cohort alumni are 63% women and 91% people of color, adding much needed diversity to the impact investing sector.
Collectively Deploying Capital for Impact
The ARC Fellowship Funds have deployed over
$60M into 348
small businesses and real estate projects
In 2025, they deployed
$22.5M into 136
new investments
First Mover Fund Launch
The First Mover Fund is a $5 million pilot catalytic capital vehicle that will invest in the funds launched by participants in BII’s Advancing Regenerative Capital (ARC) Fellowship program and others leading impact-first funds across the United States. Designed with direct input from ARC Fellows, it aims to address the most critical challenge facing impact fund managers: accessing “first-in” capital to prove their model and attract larger follow-on investments. In 2025, the First Mover Fund approved three investments, committing $525,000 in grant and loan capital.
Moonsoon Fund
"Capital from the First Mover Fund was critical. Not only were we able to make our first investment at the end of last year, but it also allowed us to come into this year with operational capital and to continue making investments.”
2025 Recognitions
2025 Financial Report
Since BII’s inception, we have maintained a healthy financial position and managed our growth responsibly. As of December 31, 2025, we had $28.8M in assets and $24.9M in liabilities. The operating losses recorded over the previous three years result from Current Expected Credit Losses (CECL) accounting requirements for Fund II, which mandate the recognition of losses as capital is deployed. This financial pattern aligns with the intended structural design of a closed-end fund during the early phase of its life cycle.
Not Quite Sure Where to Start?
Read the 2025 Impact Stories
We put capital to work where it’s most needed—supporting diverse entrepreneurs and fund managers who are driving inclusive economic growth across industries and communities.
