Rhode Island Foundation Announces Impact Investing and Healthcare Initiatives
Healthcare Access and Affordability
Five organizations – Rhode Island Free Clinic, Clinica Esperanza, Crossroads Rhode Island, South County Hospital Health Care, and Thundermist Health Center – are receiving more than $270,000 through the RIGHA Foundation Fund to make quality healthcare more accessible and affordable for Rhode Islanders.
“Developing an inclusive primary care system that promotes healthy lives is one of our core strategic initiatives. These grants will advance our continuing efforts to make quality health care more accessible and affordable,” said Neil Steinberg, the Foundation’s president and CEO.
Impact Investing
Rhode Island Foundation announced a new mission-related investing initiative to support projects that are local and place-based, and will yield a direct impact for Rhode Island, primarily in the Foundation’s strategic initiative areas: educational success, healthy lives, and economic security. Initial efforts will focus on a loan fund in 2017. In the first year, loans will range between $200,000 and $1,000,000, with terms generally up to 10 years. To learn more about the Foundation’s Impact Investing strategy, join GCRI for an informative session at the Foundation on May 25 (see events calendar for more details).