The Seattle Foundation set aside $5 million of its discretionary funds for impact investing through intermediaries. Using a framework focused on workforce development and small business access to capital, the foundation uses the combined expertise of program and finance staff to identify investment opportunities. To date, the foundation has made a $1 million direct investment to support commercial building energy retrofits (donors contributed an additional $675,000); a $1 million loan to regional CDFI, Craft3, for loans to small businesses; and has bought a $1 million Community Impact Note to develop affordable housing. The foundation also invested $1 million in the $8 million small business revolving loan fund, Grow King County, partially capitalized by King County and the City of Seattle, with a guarantee from the U.S. Small Business Administration.