Impact Investing Snapshot

By Susan Hammel, CFA

Led by the Twin Cities Host Committee, our community hosted the national US Social Investment Forum conference, typically held in Washington DC and Chicago in the off years. Several MCF members participated, including the McKnight Foundation, Northwest Area Foundation and several corporate members including General Mills, Allianz, Thrivent, and Ecolab.

The Urban Institute, a national think tank based in Washington D.C. highlighted our fund, the Minnesota Impact Investing Initiative “MI3,” as a best practice for deploying local capital in their national studies: “Place-Based Impact Investing Toolkits.”

MCF engaged the philanthropic community in the hot topic of the year “Opportunity Zone” conversation through a packed session at the annual MCF conference and an article in Giving Forum.

MI3 Fund Report: (data drawn from research pulled on June 30, 2019; open for new investments)

Investment Summary Statistics:

■ 11 Foundations and 1 individual are invested in MI3

■ Investor deposits now total over $25.6 million

■ RBC Access Capital investments for MI3 span 21 different counties in MN (plus investments in CT, ND and SD)

Now Invested In…

■ 119 - Low income Single Family mortgages, totaling $18.8 mil

■ 10 - Affordable Multi-Family projects, totaling $3.8 mil, providing 630 rental units

■ 2 - Health Care Facilities/Nursing Homes, totaling $1.5 mil, providing 200 beds/units

■ 3 - Small Business Loans (Manufacturing/Landscaping/Retail) totaling $451k


Contact Susan if you have any questions! Email her at or tweet her at @susan_hammel