The Social Enterprise Impact fund

The Social Enterprise Impact Fund (Fund) is a separate not for profit organization, a 501(c)(3) public charity whose sole purpose is to provide or arrange for the growth capital required to scale a social enterprise. The Fund is focused exclusively on facilitating the development of social enterprises and related nonprofit parent organizations. It was formed in 2010 as a Community Development Financial Institution.Community Development Financial Institutions (CDFIs) are specialized, mission-driven financial institutions with US Treasury oversight. They can receive and arrange for funding from the US Treasury, as well as private sector sources such as individuals, corporations, family offices, foundations and religious institutions. The Fund, consistent with the charter for CDFIs, works to address persistent social problems by serving the needs of organizations serving the poor within urban, suburban and rural communities through the development of social enterprises.

Many of these populations, with their related social problems, can be served sustainably though economic development, the growth of small business and the rise of social enterprises. These markets are underserved and ignored by traditional commercial banks and lending processes. The goal is to help these populations and the organizations serving them to have the resources needed to access education, healthy foods, healthcare and living wage jobs and to become financially self-sufficient; thus, allowing them to increase their contributions to national economic growth and to rebuild distressed communities.

Therefore, the Fund as a CDFI’s measures its progress not only by dollars earned but also by how the organizations, community or populations they serve grow economically. The Fund provides social impact investment advisory and reporting services along with arranging for or providing funding to applicants approved by the Institute for funding pursuant to an investment advisory contract that defines the Funds role.

SEIF Transaction History, Recently Closed Transactions and Pipeline

Current Closed Transactions (2015-2016)

  • AMES/ Babcock Hardwood - $15.7 Million
  • Clopay Garage Doors - $51 Million
  • Zaycon Foods - $7.5 Million (Now In Second Round of Funding)
  • Abengoa Energy Crops - $40 Million EB5 (Project was terminated mid–funding )

Current Projects in Progress (2015-2016)

  • Champion for Kids -$12 Million

Current Projects Under-Development (2016-2017)

  • HERA Brand, Inc. - $1.5 Million
  • Trucker Wellness Centers - $7.5 Million
  • Sierra Leone Intravenous Plant - $16 Million
  • Biblical Theology Seminary - $8 Million
  • Heart of A Champion - One Heart - $10 Million
  • PA Rural Electric Co-op – Broadband - $20 Million