“That's the power of our particular brand of impact investing. “We're essentially the shock absorber in the middle, the missing piece that we call the ‘but for’ money - meaning, but for our piece, they couldn't bring in the rest of the money,” she adds. Treasury Department Community Development Advisory Board and one of the founders of the Mission Investors Exchange. “We can give these institutions a cushion so that when an insurance company or a pension fund wants to invest, that investor can get a market rate of return and have enough risk mitigation,” says Schwartz, who is a past presidential appointee to the U.S. MacArthur invests in these institutions with a long-term horizon, in most cases planning an exit after 10 years. Direct contact with university presidents, high-level. There are about 800 CDFIs in the nation, some of which focus on serving individuals (e.g., by providing payday lending, bank accounts, or affordable housing) and others that focus on small businesses (e.g., by bringing credit to businesses in low-income neighborhoods). Many years of experience in business, nonprofit, and academic settings, working in communications, development, and administrative roles. Schwartz explains that, in the United States, there is an enormous need for community development financial institutions, or CDFIs. In fact, it’s not allowed under the IRS tax code definition of a Program-Related Investment.” “But if you do the kind of impact investing that I do, you can’t seek a market rate of return. With these investments, “there has to be some expectation of a financial return, whether it’s through a loan, equity investment or guarantee,” she says. MacArthur Foundation.Īt the MacArthur Foundation, Schwartz oversees a $300-million investment portfolio that supports economic development and affordable housing organizations in the United States. That experience set her down a path leading to where Schwartz is today, serving as managing director of impact investing at the John D. They have also lived in San Tan Valley, AZ and Poughkeepsie, NY. Debra Schwartz is the Managing Director of Impact Investments at the Foundation and is part of the Executive Leadership Team. The second best result is Debra Sue Schwartz age 60s in Scottsdale, AZ in the Mccormick Ranch neighborhood. Select this result to view Debra M Schwartzs phone number, address, and more. Schwartz found her answer in a class taught by Professor Donald Haider, who introduced her to the world of public finance and the ways in which industry and society could intersect for mutual benefit. Debra is related to Sally O Salas and Victor Fraser Schwartz as well as 3 additional people. “I was eager to learn how social-purpose organizations earned, raised and managed their money,” recalls Schwartz, who had worked in the nonprofit sector, mostly in human services, for several years prior to Kellogg. The combined pool of money will make low-cost loans and other investments into social enterprises.When Debra Schwartz ’88 came to Kellogg in the late 1980s, she had a keen interest in social enterprise - even though that term was somewhat foreign in the broader business community. The latter group will invest $15 million in a 15-year Chicago-targeted note, using a portion of donor-advised funds that it manages.Īs for MacArthur, it will invest $50 million into a new intermediary, which also will receive all of Calvert's loan proceeds. That organization has committed to issue up to $50 million of these fixed-income securities, which offer principal maturities from one-to-15 years and are available in $1,000 increments through brokerage accounts and Calvert, as well as eligible donor advised funds at The Chicago Community Trust. It's open to investors, including individuals, businesses and institutions, who can buy Chicago-targeted Community Investment Notes from Calvert. The Benefit Chicago program was designed to address these issues. Plus the study revealed a growing interest in more efficient ways to make local investments with the potential to deliver meaningful social, economic and environmental impact, more evidence that local investing increasingly is viewed as a form of impact investing.
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