Redirecting Capital to Accelerate Racial Equity: Leveraging Cash Allocation

July 20, 2021, 1:00-2:00pm

This Croatan Conversation is the first discussion in the new Racial Equity, Economics, Finance, and Sustainability (REEFS) webinar series, Redirecting Capital to Accelerate Racial Equity. For impact and conscientious investors, this series identifies opportunities across asset classes to tackle racial inequities. The act of redirecting capital requires investors to acknowledge that decades of affirmative actions — investments in education, homeownership, and job access — have created disparate income and wealth outcomes for communities of color.

In this first session focusing on cash allocations, community development practitioners will share:

  • how examples of how cash placed with credit unions and other CDFIs support racial equity outcomes;
  • highlight challenges and opportunities in taking on large cash inflows in moments of “social awakening;” and
  • identify opportunities for investors to use non-financial resources to support an enabling environment to optimize their impact for equity and justice.

Speakers:

  • Sharlene Brown, Director of REEFS, Senior Fellow of Croatan Institute (Moderator)
  • Mary Bruce Alford, Senior Vice President, Investor Relations at Hope Credit Union
  • Cathi Kim, Director of Inclusiv/Capital
  • Ebony Perkins, Director of Investor Relations at Self-Help Credit Union

 

About the Series:

This conversation is part of a larger series organized by Croatan Institute’s Racial Equity, Economics, Finance, and Sustainability (REEFS) program, Redirecting Capital to Accelerate Racial Equity, a Total Portfolio Activation Approach.

Our nation is at a crossroads. The continued onslaught of racial inequities and injustices has led to a moment of keen reflection and should lead to sustained action. As impact and other conscientious investors consider how to tackle racial equity, we must acknowledge that the intensity of resources invested in White communities throughout this country’s history has led to today’s income and wealth gaps. Many decades of affirmative actions mainly benefiting White Americans — investments in education, homeownership, and job access — have created disparate outcomes for communities of color.

Today, the investment community must be collaborators willing to invest transformative capital in communities of color — both to address historical wrongs and seize future opportunities — that bank on the full potential of all citizens in this nation. This educational series Redirecting Capital to Accelerate Racial Equity, a Total Portfolio Activation Approach, showcases investable opportunities across asset classes.