< Blog Home|March 26, 2019 by Sherece West-Scantlebury
Dr. Sherece West-Scantlebury is the president and CEO of the Winthrop Rockefeller Foundation.
WHAT WE’RE EXCITED ABOUT
Our CEO Sherece Y. West-Scantlebury is one of 10 foundation presidents who share their organization’s efforts to embed commitments to racial equity to their institutions and impact investing practices. The Mission Investors Exchange series on racial equity and impact investing, “How Foundations are Using Impact Investing to Advance Racial Equity,” is published by Stanford Social Innovation Review.
WHY THIS EXCITES US
The Winthrop Rockefeller Foundation (WRF) relentlessly pursues economic equity. Economic equity will exist when all Arkansans can achieve widely shared prosperity because everyone earns a living wage, participates in a thriving economy, and is able to build generational wealth. WRF has historically made economic equity a priority. One way is though program-related investments. Read Program-Related Investments: Using Tools Beyond Grantmaking for Greater impact, Influence, and Leverage to learn more.
WHAT WE KNOW
For close to 40 years, the WRF has made nearly $13 million in program-related investments to more than 15 organizations. Program-related investments are below-market investments that generate both social and economic returns. The Foundation is nationally recognized for its approach to Program-Related Investing and represents a small, but growing, segment of philanthropy committed to using these investments to further its mission.