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An RBC Global Asset Management & Philanthropy Northwest Impact Investment Collaborative

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Minnesota philanthropy innovates again: why not invest at home and encourage other foundations and investors to do the same? The foundations who joined together to create the Minnesota Impact Investing Initiative are inspiring others to invest in a competitive financial return and positive social impact across 18 counties.

Aligning investments
both with mission focus
and within the local communities

 

- RBC Impact Team


We have observed an increase in interest from investors looking to collaborate to lift up their local communities through impact investing, driving dollars into investing initiatives designed to deliver both social and financial return.

-Mindy Frye
Institutional Portfolio Manager
Impact Investing
RBC Global Asset Management (U.S.) Inc.


Annual Responsible Investment Survey

RBC Global Asset Management's global survey of institutional investors’ attitudes and perceptions on
topics related to Responsible Investment.
 
2020 Executive Summary: Global adoption –
regional divide


Read our previous reports  2019  |  2018  |  2017  |  2016

Providing a coordinated approach for investors to make market-rate investments with a focus on underserved communities and families.

The Purpose of the RBC Global Asset Management and
Philanthropy Northwest Collaborative

The Philanthropy Northwest Collaborative is part of Philanthropy Northwest’s broader vision and provides mission-driven investors a coordinated approach to support high impact projects through market-rate investments in the Northwest that focus on underserved communities and families. These projects support affordable housing, job creation and small business growth, increased access to healthcare and education, and related community development measures for populations too often left behind. Investments also support environmental sustainability, which is critical to the creation of thriving and resilient communities over the long-term.
 

Investing for Impact at RBC Global Asset Management

Through its partnership with RBC Global Asset Management (RBC GAM), Philanthropy Northwest participants can invest in high quality, liquid fixed income strategies intended to create positive social and environmental impacts while also seeking a competitive financial return. RBC GAM believes that we can help build stronger communities and build portfolios of high quality securities in an effort to meet investors' needs while increase the flow of capital to designated communities.*

For more information on Investing for Impact: An RBC Global Asset Management & Philanthropy Northwest Impact Investment Collaborative, click here.


*Philanthropy Northwest participants' ability to designate geographies and/or themes is dependent on the amount of their investment and the vehicle through which they invest.

Addressing the Needs of the Northwest

Across America, rental housing stock is severely limited and often overpriced. 80% of low-income households pay more than 1/3 of their income for rent, leaving less for food, healthcare and education. RBC GAM's impact investing strategies finance affordable rental units, buying first mortgages of multifamily rental units, helping to support renters with income limits, who are further supported by federal, state and housing authority assistance programs.

Would-be small business owners often lack the capital to open businesses that serve the community, like laundry facilities, supermarkets and clinics. RBC GAM's impact investing strategies buy the guaranteed portions of SBA loans to deliver more services to the residents of low- and moderate-income communities and provide more job opportunities within the local economy.

Access to quality education is a key driver of upward socioeconomic mobility and helps to reduce inequalities often found in higher education and the job force. RBC GAM’s impact investing strategies support equal access to educational opportunities, including preschools and primary schools, secondary and post-secondary education, as well as access to job skills and training programs. These opportunities are vital to students of all ages as they provide preparation for employment and career development.

Lack of access to comprehensive, quality healthcare services impacts the ability of men, women and children to lead healthy and productive lives. RBC GAM's impact investing strategies invest in a range of healthcare facilities in underserved communities --including nursing homes, community clinics, skilled nursing care and family dentistry --resulting in healthier, more stable and more productive communities.

CONSTRUCTION & LOGISTICS SERVICES - Anchorage

BAY VISTA COMMONS - Bremerton, WA

CITY OF SEATTLE AFFORDABLE RENTAL HOUSING PROGRAM - Seattle, WA

We are pleased to partner with Philanthropy Northwest on a program that supports impact-related investments that will facilitate strong community development. “It is exciting to see a growing interest in impact investing by communities across America.

- Ronald A. Homer
Chief Strategist,
US Impact Investing and President
Access Capital Community Investment Strategy
RBC Global Asset Management (U.S.) Inc.

 


  Geographic
Designation
Thematic
Designation
Individual DTR
Report1
Philanthropy
Northwest Impact Investment
Collaborative Report2
  Access Capital Community Investing        
     Separate Account (≥ $25 million)   Yes   Yes   Yes   Yes
     Mutual Fund   At ≥ $100,000   No   At ≥ $1 million   Yes
  Impact Bond         
     Separate Account (≥ $25 million)   Yes   Yes   Yes   Yes
     Mutual Fund   No1   No   No   Yes
  Customized Separate Account
  (≥ $25 million)
  Yes   Yes   Yes   Yes

1A report detailing the underlying loans in each security in which the participant invests
2A report detailing the underlying loans in each security RBC GAM invests in on behalf of the Philanthropy Northwest Impact Investment Collaborative.
For Mutual Fund information, please visit
intermediaries.rbcgam.com/us/

Disciplined Investing with a Community Development Purpose through the Access Capital Community Investing Strategy

  • High quality, liquid fixed income investment strategy that primarily holds investments guaranteed by the US government, its agencies or municipalities
     
  •  23-year track record of delivering social impact and institutional caliber investments; meets Community Reinvestment Act requirements and qualifies as a public welfare investment
     
  • Advances social justice in market-rate investments through the creation of customized securities that support underserved people in the US
     
  • Builds stronger communities by financing affordable housing, job creation, healthcare, education and infrastructure projects that foster sustainable economic development
     
  • Customization available for duration, credit quality, and geographic targeting to underserved individuals and communities, including to BIPOC communities

Solutions for Making and Measuring Impact

Beyond deposits

Investing for racial equity

RBC Global Asset Management and Philanthropy Northwest discuss "why" and "how" of investing liquid assets with a racial equity focus. 

The intersection of financial returns and social benefits

Owning a home has long been a pillar of the American dream. But would-be homeowners in low-and moderate-income communities are overlooked by the banking industry, even with good credit. RBC GAM's impact investing strategies help low- and moderate-income home buyers access mortgages at prime rates and open the door to their own home.

Affordable mortgages for low-to-moderate income families provide stability, and are a major vehicle for building wealth and economic opportunity.

Healthcare

Environmental Sustainability

Climate change is a global challenge that will have impacts on economies, markets, and societies worldwide. RBC GAM's impact investing strategies support projects that promote the health of the environment, including renewable energy, clean air and water, land preservation, efficient resource use, and environmental remediation.

Community Infrastructure

Would-be small business owners often lack the capital to open businesses that serve the community, like laundry facilities, supermarkets and clinics. RBC GAM's impact investing strategies buy the guaranteed portions of SBA loans to deliver more services to the residents of low- and moderate-income communities and provide more job opportunities within the local economy.

Having an impact where it’s needed

Real world impact
Access Capital has contributed to impact investments3 in 49 states and the District of Columbia. Highlights include:

Impact investments listed above include investments in all vehicle options for the strategy.

 

Homeownership

Rental Housing

Small Business & Job Creation

Education

BIPOC is an acronym that stands for Black, Indigenous, and People of Color.
1 Targeting options only available in certain vehicles and are subject to investment minimums.

contact us for more information

We partnered with RBC GAM so foundations of all sizes have access to RBC's  cutting-edge impact investing tool. Now any of our members can devote a portion of their fixed income to local housing, small businesses and community infrastructure. That is a mission fit for us.

 
- Anjana Pandey

  Interim CEO
  Philanthropy Northwest


Navigating your new role
Investment committees and racial, social and gender equity

RBC Global Asset Management and Philanthropy Northwest/The Giving Practice host a panel discussion about the governance and fiduciary duties that emerge when committees change their investment practices to take on racial, social and gender equity.

Additional webinar details