August 2019 Newsletter
Framing Fundamentals for Impact Investing
Bringing Place-Based Impact Investing Expertise to the Fore
Based on our Local Investing for Impact Framework, we are developing a tool where we work directly with foundations to assess preparedness for place-based impact investing.
When LOCUS stepped onto the field of Place-Based Impact Investing in 2017, we knew we were entering a dynamic and rapidly evolving marketplace. But in our short history, we have watched foundations begin to transform the entire philanthropic landscape, bringing impact investing from a niche practice to a cutting-edge tool for community change. As more and more organizations enter this space, at various levels of experience, it creates an opportunity for foundations and intermediaries like LOCUS to learn from past experience and innovation. So, we sat down with Travis Green, LOCUS Solutions Consultant, to discuss a new tool we’re developing to bring that expertise to practitioners in the field.

Spotlight: Kansas Community Philanthropy Innovators Network
The LOCUS and Aspen Institute Community Strategies Group team are well into planning for the next gathering of the Kansas Community Philanthropy Innovators Network (CPIN) . The CPIN teams have moved forward with their action plans, the foundations have field tested the Local Investing for Impact Fundamentals tool the LOCUS team developed and we’ve gathered team input on the content to be shared at the September convening to help them make even more progress on their economic development action. We look forward to sharing their stories in the months ahead.
United Philanthropy Forum: What is the Role for PSOs?
Teri Lovelace, LOCUS President, and Adam Northup, LOCUS Financial Advisor, spoke at United Philanthropy Forum's 2019 Annual Conference alongside Melanie Audette of Mission Investors Exchange (MIE) and Lyn Hunter of Philanthropy Northwest. Their panel, "Opportunity Zones, Impact Investing and Loan Guarantees: What is the Role for PSOs?," explored how Philanthropic Serving Organizations (PSOs) can help ensure communities are ready, willing and able to absorb investment capital and that equity and community preservation are at the center of philanthropic investing.
Opportunity Zone Updates
Two of the authors of the of the Opportunity Zone tax incentives, Sen. Tim Scott of South Carolina and Sen. Cory Booker of New Jersey, plan to introduce a bill extending by a year the deadline to take advantage of the ten-year deferral provision and the five- and seven-year basis step-ups for the opportunity zones incentive.

Scott and Booker also introduced Senate legislation requiring collection of information on Opportunity Zone investments alongside a similar proposal in the House. Both it and the deadline extension are expected to appear before Congress prior to lawmakers' August recess.
News from
the Field
Where You'll Find LOCUS
Sept. 6 | Berkeley, CA
LOCUS is a sponsor, and CJ Carter will participate.

Sept. 16-17 | Johnston, IA
Adam Northup will lead two sessions on impact investing and philanthropy's role with Opportunity Zones.

Sept. 17-19 | Atlanta, GA
Jane Henderson and Sydney England will lead a session on place-based investment.

Sept. 24-25 | Dallas, TX
Teri Lovelace and Kipton Currier will lead the first in-person gathering for the Community Investment Guarantee Facility. (Private Event)

LOCUS Capital, Inc. is a Registered Investment Advisor Firm. Advisory services are only offered to clients or prospective clients where LOCUS Capital, Inc. and its representatives are properly licensed or exempt from licensure. LOCUS Capital, Inc. and its representatives do not furnish investment advice or services through this website. Past performance is no guarantee of future returns.