The Racial Equity, Economics, Finance, and Sustainability (REEFS) program is designed to encourage stakeholders in finance to think holistically about integrating racial equity across their investment portfolios, to advance opportunities for greater representation of Black, Indigenous, and other people of color (BIPOC) in the field, and to support frameworks and approaches that support wealth-building in these communities. This multi-faceted approach seeks to acknowledge and address the persistent structural race-based discrimination in the US, which underpins the significant gaps in access to career and financial opportunities.
Since its launch in 2014, Croatan Institute has made tackling structural racism in finance central to our mission. In response to the persistent racial segregation and lack of diversity we observed within the sustainable business and investing community (and financial services more broadly), we organized an internal “brain trust” composed of some of the Institute’s advisory board members Sharlene Brown (now Director of REEFS) and Henry McKoy, as well as senior fellows like Josh Humphreys, and our late colleague Fern Jones, to begin grappling with these challenges. In 2018, after years of engagement with professionals of color working on equity issues, the Racial Equity, Economics, Finance, and Sustainability (REEFS) program and its Steering Committee were formalized.
At the 2018 Croatan Forum, the first REEFS Roundtable was held, bringing together more than 40 stakeholders to advance opportunities for black and brown communities.
The RE-Allocate campaign is part of our work to encourage investors and capital allocators to pursue racial equity investing within their investment portfolios. This campaign builds on the research of the Capital at a Crossroad report and its complementary webinar series Redirecting Capital. The goal of the campaign is to encourage investment managers and decision-makers to reallocate 15% of AUM over three-years to invest in America’s emerging majority.
Are you a nonprofit leader looking to align your organization’s financial goals with its mission-driven impact? Join us for a comprehensive workshop designed to help nonprofits of all sizes develop an Impact-Aligned Investment Policy Statement (IPS) that resonates with your values and supports your mission.
Since the events of 2020, our nation has arrived at a crossroads. To create a more equitable future for all Americans, our nation must address our history ridden with racial inequities that have unleveled the playing field.
This project aims to increase the financial health of Black and other minority farmers and landowners through online financial coaching workshops supplemented by one-to-one coaching. This work will help build strong financial systems that lead to greater resilience and improved access to wealth-building opportunities for these farmers.
Mailing Address
PO Box 2044
Durham, NC 27702
(919) 794-7440
Physical Address
201 West Main St
Suite B013
Durham, NC 27701
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