Swift Foundation has made deposits in the following banks, all of which are federally insured and accredited institutions up to $250,000. We consider moving cash into CDFI’s a direct way of circling funding in communities (rather than upholding the rather sinister practices of major banks), and of which the following are just a few examples.
Community Development Finance Institutions (CDFI's)
Divest-Invest Philanthropy is a platform for institutions that follows the lead of student and community-driven fossil fuel divestment and new energy economy reinvestment. Together, we are holding fossil fuel industries accountable for their obstruction of climate policy solutions, investing for public good and financial performance, and accelerating the growth of a sustainable and equitable economy. Swift Foundation signed Divest Invest pledge in 2016.
Slow Money Institute is a non-profit organization dedicated to catalyzing the flow of capital to local food systems, connecting investors to the places where they live and promoting new principles of fiduciary responsibility that “bring money back down to earth.”
The BALLE vision is to create local economies that work for all. Their work is grounded in deep engagement through their Local Economy Leadership Network, where they bring people together across sectors in both the U.S. and Canada who are activating their Local Economy Framework to create healthy and equitable communities. As an organization they represent communities, convenors, entrepreneurs, investors and funders who are defying business as usual.
The Transform Finance Investor Network is a community of practice for asset owners and other finance practitioners exploring how to deploy capital for social change in accordance with the principles of transformative finance.
Mission Investors Exchange an impact investing network for foundations dedicated to deploying capital for social and environmental change.