Though the Arkansas Community Foundation has yet to create a formal program of impact investing, it has already made a series of local investments (at market rates of return). The foundation has made a $730,000 investment with Southern Bancorp, a rural community bank and CDFI. The foundation also placed $3 million with a local real estate portfolio, and $200,000 in the Fund for Arkansas’s Future, a venture capital fund for startups in the state. The foundation is considering moving toward PRIs, and is planning an in-depth learning process at the board level.
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