As the economic damage of COVID-19 becomes clear, foundations are looking for new ways to support their communities. For many foundations, mission-focused lending to nonprofits is not in their standard playbook, let alone funding small businesses directly. In today’s episode, Deb Markley of LOCUS Impact Investing encourages foundations to find new ways to work. She proposes ways for foundations to promote economic recovery and long-term resilience in their communities through innovative partnerships and flexible PRIs to small businesses and nonprofits alike.
Deb Markley has over 35 years of experience working in community economic development and community philanthropy as both a faculty member and practitioner. She is Senior Vice President of LOCUS Impact Investing and helps to manage LOCUS’ consulting services for place-focused philanthropic institutions. Together with the Aspen Institute Community Strategies Group, she is working to advance the practice of economic development philanthropy among place-focused foundations. She helped to lead a national peer learning cohort of community foundations in 2017-2018 and is leading a peer learning cohort of Kansas community foundations working to explore, unlock and deploy local impact investments in their communities. Deb has BS and MS degrees from Cornell University and a PhD from Virginia Tech.
Resources Related to This Episode:
LOCUS Impact Investing: https://locusimpactinvesting.org/
LOCUS Blog on the Foundation Response to COVID-19: https://locusimpactinvesting.org/news/blog-articles/the-role-for-community-philanthropy-supporting-their-communities-in-a-time-of-pandemics.html