June 2019 Newsletter
Tackling Social
Determinants of Health
A Non-Traditional Approach To Health Outcomes
Pictured: Bon Secours New Shiloh Village Apartments - Opened in Sept. of 2018, Bon Secours Baltimore Health System in part developed a complex of 73 affordable homes for families, individuals, adults with disabilities, and the formerly homeless, designed to foster community among its residents.
This month, LOCUS Advisor Ed Gerardo shares a new perspective on achieving better health outcomes in under-served communities through local impact investing.

Ed Gerardo is the former Director of the Community and Social Investments division for Bon Secours Health System, Inc . In this role, he managed a Community Investment Program where a portion of unrestricted assets were made available through loans to community projects. With LOCUS, Gerardo provides feedback and guidance on healthcare and other health-related projects, including program-related investments, deposits, and lending projects.

Spotlight: Community Investment Guarantee Facility
The Kresge Foundation and six other philanthropic organization partners will leverage the power of their balance sheets through the creation of a national “ Guarantee Bank ” – the Community Investment Guarantee Facility. The Facility will launch later in 2019 with $27 million in commitments to ensure more equitable access to capital in support of affordable housing, small business, and the climate. LOCUS is working with national foundations to launch this innovative initiative. Stay tuned for more information.
Problematic or Proficient: Is Your PRI Portfolio Well-Managed?
In a 45-minute webinar hosted by Mission Investors Exchange (MIE), the LOCUS team will address the challenges foundations face as they scale direct investing operations. During the webinar, LOCUS will demonstrate how reducing complexity in on-boarding, transacting, monitoring, and reporting will lessen re-work, create more process ownership, ease borrower relations, and allow for scaling.

For more information please contact sydney@locusimpactinvesting.org
AICPA Private Foundation Summit
LOCUS Impact Investing will be sponsoring and exhibiting at AICPA’s 2019 Private Foundation Summit in Washington, DC, June 13-14, to connect with partners and thought leaders in the private foundation space.

To get in touch with LOCUS during the Summit, contact sydney@locusimpactinvesting.org
Opportunity Zone Updates
LOCUS’ Financial Strategist, Adam Northup, spoke on a panel at the 2019 CDBA Peer Forum , “What is Next for Opportunity Zones?” The panel, made up of CDFI representatives, discussed how organizations are implementing Opportunity Zone strategies.
The Knight Foundation released a report for foundations interested in Opportunity Zones. The new report details seven unique roles that philanthropic organizations can play to orient these new tax instruments toward impact.

Much of the conversation surrounding Opportunity Zones has been urban-focused. A Nonprofit Quarterly article focuses on the program’s potential in rural areas, including the $1 million grant to LOCUS’ parent company, Virginia Community Capital , announced by VA Governor Ralph Northam in April. The grant will create an online Opportunity Zone marketplace that could benefit rural stakeholders in Virginia.

News from
the Field
Where You'll Find the Locus Team
June 11-12 Charleston, WV
Deb Markley will be leading a roundtable on place-based investing.

June 11-13 Atlanta, GA
Sydney will exhibit and participate.

June 13-14 Washington, DC
Members of the LOCUS team will participate.

2nd Annual Advisors Forum
June 24-25 San Francisco, CA
Teri Lovelace is a speaker.

July 9 Webinar
LOCUS will present a webinar hosted by MIE.

We're Growing
At LOCUS, careers are about channeling talent into communities and creating measurable impact in the places we work. We are interested in committed professionals looking to make a difference. Reach out to us If you’re seeking greater impact in the work you do and want to learn more about LOCUS.

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.