Programs

  • Integrated Capital Funds

    BII Integrated Capital Funds: BII manages two integrated capital debt funds: BII Fund I: In 2018 we launched BII Fund I, a $7 million nonprofit charitable fund that has deployed over $6.9 million in debt and equity investments into 50 enterprises in Eastern Massachusetts. Our portfolio is majority governed, run and staffed by people of color. Close to 60% of founders/executives are people of color, and 81% of non-executive employees are people of color. BII Fund II: In 2022, we launched BII Fund II, a $20 million nonprofit charitable fund that will invest integrated capital— primarily patient equity— into early stage social enterprises owned by entrepreneurs of color and community-owned or controlled real estate in Massachusetts and the Northeast. Fund II will prioritize investments in enterprises that address an unmet need or issue affecting communities of color, build climate resilience and expand clean energy solutions and grow worker or community power and voice, including co-ops, worker-owned and unionized businesses.
    Geographies
    Massachusetts, USA
    Dates
    Not indicated
    Source
    User-generated
    Financial services,Business and industry
    Multiracial people,People of African descent,People of Asian descent,People of Latin American descent,Indigenous peoples,Women and girls,Economically disadvantaged people
    75
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  • BII Integrated Capital Fund-Building Cohorts

    BII is a nationally recognized leader in impact investing with a racial justice lens. BII provides education and training for fund managers, investors and philanthropists that advances fresh perspectives on trust-based investing, balancing risk and return, and democratizing ownership and decision-making. BII has a robust program curriculum to help diverse, emerging fund managers design and launch impact investment funds. Main topics include integrated capital, stakeholder development, investment criteria, governance structures, fund design and modeling, impact measurement and management, and raising capital. From April 2020 to October 2021, BII ran its inaugural Integrated Capital Fund-Building Cohort, an 18-month program that engaged 33 existing and prospective fund managers in developing the financial rigor and skills to structure, raise and manage a blended capital fund. 93 percent of cohort participants are people of color and 50 percent are women. In August 2022, BII kicked off a four-month Mini Cohort to support four additional emerging community-based impact funds.
    Geographies
    United States
    Dates
    Not indicated
    Source
    User-generated
    Financial services,Business and industry,Community improvement,Economic development
    Multiracial people,Indigenous peoples,People of Latin American descent,People of European descent,People of African descent,People of Asian descent,Economically disadvantaged people,Women and girls
    40
    –

  • Integrated Capital Cards Program

    This program is designed to help fund managers, community investors, entrepreneurs, and finance professionals learn how to use creative financial tools to support for-profit and nonprofits, as well as how multiple stakeholders can solve problems together. The program is structured as a facilitated card game with case studies and teachers guides using BII's Integrated Capital Cards, a bilingual (English/Spanish) deck made up of 121 cards in 8 suits that help match types of capital, transaction structures and impact criteria with startups, small businesses and nonprofits that are contributing to building regenerative and equitable local economies. This game is being played by hundreds of teams all over the country to gain practical and fun experience understanding integrated capital.
    Geographies
    United States
    Dates
    Not indicated
    Source
    User-generated
    Adult education,Financial services,Business and industry,Foundations,Nonprofits,Philanthropy and public policy,Venture philanthropy
    Adults,Multiracial people
    1.5K
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