In 2018, we launched BII Fund I, a nonprofit charitable fund that raised $7 million in 18 months. As of July 2022, BII Fund I has deployed more than $7.7 million in total (including grant capital), with $6.9 million in debt and equity investments into 50 enterprises and $860,000 in grants awarded to 45+ nonprofits.
We annually assess the impact of our portfolio companies by measuring metrics such as ownership, living wage, local and diverse procurement, and job creation. The impact is tangible. Here is the impact of our portfolio as of 2021.
Whether you are an investor or a philanthropic donor, your support of BII will have a transformative effect in closing the racial wealth gap and creating an economy that works for everyone.