New Report: Philadelphia Impact Investing Ecosystem

Philadelphia Impact Investing Ecosystem Analysis

In July 2018, Philanthropy Network Greater Philadelphia engaged Urbane Development through a grant from The Barra Foundation to assess the impact investing ecosystem in the Philadelphia area.

A scan of the landscape involved identifying current and potential investors, determining whether impact investment was part of their portfolio, and examining how these investments are defined and quantified. The team gathered information on the types, dollar range, targeted social purposes, and targeted geographies of impact investments that have been made in the past and of impact investments that foundations, angel investors, intermediaries, and others want to make in the future. Philanthropy Network wanted to focus particularly on the unique role that foundations might play in this emerging ecosystem.

The research uncovered a lack of understanding of the complex network of stakeholders engaging in impact investing in the Philadelphia region, including stakeholders currently involved – and those who would like to be – and their respective roles in this space moving forward. A lack of shared definitions around frequently utilized impact investing terms creates an additional layer of complexity. These barriers hamper coordination and cooperation among interested actors within the impact investment space. Through a series of interviews, roundtables, and a short survey collectively reaching 52 individuals from 46 organizations, Urbane Development gathered input from key stakeholders in the Philadelphia region who are involved (or want to be involved) in impact investing in order to better understand their priorities, needs, and challenges and to identify key opportunities to facilitate further impact investments in the region. The engagement culminated in a final presentation and executive summary outlining key recommendations and suggested action steps for Philanthropy Network to ultimately increase the philanthropic community’s commitment to impact investments in the region.

Click here to read the Executive Summary.