Three new funders have joined the Catalytic Capital Consortium (C3) to accelerate momentum around the building of a stronger community of practice for the field of catalytic capital.
The Ford Foundation, the Sorenson Impact Foundation, and the Surdna Foundation recently joined seven previously announced C3 funders to launch a new chapter for the field-building initiative, which was started in 2019. Together, the funders are lending their expertise and their grant support to help C3 deepen collaboration among catalytic capital investors and advance strategies that address key social and environmental challenges. Talking about their commitment to the C3 initiative, the new partners said:
- Ford Foundation: “Our decision to join the Catalytic Capital Consortium aligns with our belief in the transformative power of capital to create systems change. Catalytic capital is essential to build stronger economies that uplift underserved communities from the heartland of America to the Global South. We’re thrilled to work alongside other innovative funders through C3 to address critical gaps in the market that conventional capital alone cannot fill.” – Roy Swan, Director of Mission Investments at the Ford Foundation
- Sorenson Impact Foundation: “We are honored to join the Catalytic Capital Consortium and work alongside like-minded investors who believe in harnessing capital to fuel greater social good. Catalytic capital is critical for driving bold solutions that conventional markets typically overlook. By uniting our efforts through this consortium, we can accelerate mission-driven investments that foster inclusive economic growth and deliver lasting impact.” – Lindsay Zizumbo, Executive Director of The Sorenson Impact Foundation
- Surdna Foundation: “Our motivation for joining C3 is simple: communities scarred by discrimination and disinvestment need flexible, affordable capital in order to build and grow. If we want to break down social and economic barriers to opportunity, then we need to find ways to unlock more catalytic capital focused on these challenges—not just from foundations like Surdna that have been doing this work for decades, but from investors across the spectrum. In C3, we see an opportunity to strengthen and expand a segment of the impact investing market that can help make our communities more just, more prosperous and more sustainable.” – Adam Connaker, Director of Impact Investing at the Surdna Foundation
Read more about the next chapter of C3 here.