East Bay Community Foundation
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History
Founded in 1928, East Bay Community Foundation (EBCF) is one of the nation’s oldest community foundations, serving people across Alameda and Contra Costa counties. EBCF partners with donors, fundholders, social movements, and the wider community to eliminate structural barriers, advance racial equity, and transform political, social, and economic outcomes for all East Bay residents.
Over the past several years, the Foundation has started implementing new ways of partnering with donors, social movements, and the community at large. In addition to our grantmaking, we engage in advocacy within allowable limits to advance racial justice. EBCF works closely with our donors as partners and leaders in this journey.
Investment Strategy
The East Bay Community Foundation aims to use an investment strategy to facilitate an ecosystem of collective progress and collaboration in an effort to revolutionize philanthropy and co-create a truly inclusive economy. EBCF uses impact investments to promote socially and environmentally regenerative activities. EBCF's goal is for all of our investments to have a positive impact on priority communities by improving economic mobility and inclusivity while generating competitive financial returns. There are two traditional forms of impact investing: Mission-Related Investments and Program-Related Investments.
- Mission-Related Investments: Mission-related investments (MRIs) are an important tool that the East Bay Community Foundation uses to make change through all avenues available to us. Thinking beyond the philanthropic grants we are able to make from our discretionary budget annually, vehicles for impact investing like MRIs allow community foundations like EBCF to use invested assets for social and environmental impact alongside a financial return.
- Program-Related Investment: Program-related Investments (PRIs) are mission-driven investments focused on supporting communities and are another way that the East Bay Community Foundation fosters inclusive economic models ensuring that our economy is accessible to all those who want to participate. PRIs are unlike grants in that investments can be made to founders, entrepreneurs, and social enterprises, not just 501(c)(3) organizations, and those investments can take the form of loans, loan guarantees, and private equity, structured for returns to the DAF at below-market interest. Fundholders are able to use their Donor Advised Funds for mission-aligned PRIs in accordance with IRS rules. Donors can select an impact investment of their choice or seek to specifically support the local East Bay Community through various programs. Speak to your EBCF relationship manager for more information.
Program Strategies (Grantmaking and Impact Investment)
- Arts and Culture for Social Justice: EBCF has been a long-time proponent of the arts as is demonstrated through our partnerships with our generous donors and fellow foundations that work to support the arts across Alameda and Contra Costa counties. Storytelling, arts, and cultural practices have always been important tools for survival, healing, and resistance. These creative expressions build community resilience and power, and they give voice, agency, and visibility to communities most harmed by oppression.
- Capacity Building with a Racial Equity Lens: EBCF is helping to strengthen organizations and the people that lead them who are working to change systems in communities that have historically received little support. EBCF wants to make sure that organizations have the sustained investments and resources they need to eradicate systemic and institutional racism.
- Community Organizing, Power Building, and Movement Building: EBCF partners with organizations whose vision for advancing racial justice addresses the complex and interconnected nature of our lives. EBCF is committed to strengthening the leadership of their members and are working to enact community-led systems change.
- Fostering Inclusive Economic Models: To create a truly inclusive economy, EBCF shifts the flow of capital from an extractive economy towards an inclusive, equitable, and regenerative system that works for all.
Leadership
Brandi Howard is the President & CEO at EBCF
For more information on the East Bay Community Foundation visit: https://www.ebcf.org/
References[edit]
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