Every Day Should Be Earth Day

Original drawing by Liza Donnelly in collaboration with Jacki Zehner for SheMoney

As published on LinkedIn as part of the SheMoney newsletter.

I have to admit, this article was a hard one to write. The intention, in honor of the celebration of Earth Day in April, was to write a piece about investing for positive environmental impact. In other words, investing in a way where seeking a positive financial return does not come at the expense of harming our planet. This is where the hard part comes in. To date, the extent of my personal commitment to investing for positive environmental impact has been limited at best. It’s mostly focused on a few of the ‘nots’, such as not directly purchasing oil and gas stocks. But honestly, that is about it.

So why haven’t I done better? It’s a fair question, and one that I don’t have a particularly good answer for. Mostly it comes down to the fact that because this is such a big issue, it often feels overwhelming, and I have not prioritized educating myself properly. But it’s time. Turns out the universe agrees. As I was pondering where to start with this article, a new report from Veris Wealth Partners landed in my inbox. Its title? The Time is Now. Okay universe, I get it. The time is very much now.

This report is their 2020-21 Impact Report, and it describes how they, as a wealth management firm, are 100% impact focused, including what they do to offset their carbon imprint. I have known many people at this outstanding firm for some time, and therefore I realized they were the obvious place to turn to for guidance on how I, you, all of us, can help align our financial resources for the betterment of the planet. Because this is all our responsibility, and time truly is running out.

To prepare for my interview with Veris, I read up on the history of Earth Day. This annual event is held every year on April 22nd in order to raise awareness on environmental protection. Every year a growing body of research shows the alarming and increasing impacts of climate change, but this is not an article to make the case for why this matters. Even the most conservative scientists now agree that that case is closed. However, just in case you were feeling a bit too cheery today, here are a couple of sobering statistics to consider this Earth Day.

  • 40% of the world’s population is “highly vulnerable” to the impacts of climate change
  • 2021 was the warmest year on record for ocean heat content, which increased markedly between 2020 and 2021
  • 2021 was the warmest year on record in 25 countries, and in areas where 1.8 billion people live
  • According to recent projections, we have anywhere from 5-12 years to reverse the effects of climate change

A professional headshot of Casey Verbeck smiling directly into the camera.It’s clear that the time is indeed now, and we all can and should do more to reduce our carbon footprint. There are countless resources out there to help you do so, but in particular I recommend this list by Columbia Climate School, which provides you with 35 easy things to do. That being said, this is SheMoney, so it’s time to get back to investing. I recently spoke with Casey Verbeck, Partner – Managing Director of Marketing & Business Development at Veris and author of the Veris Impact Report, and this is what he had to say about the possibilities inherent in positive environmental investing.

JZ: In your recent corporate Impact report, you said ‘you are a 100% impact focused wealth management firm? What does that mean?

CV: Since inception, Veris has worked closely with our clients to help them meet their financial goals while aligning their wealth with their values. We invest with an impact lens across all asset classes, and all products on the Veris platform fall into one of our key investment themes:

  • Climate Solutions and the Environment
  • Sustainable and Regenerative Agriculture
  • Racial and Gender Equity
  • Community Wealth Building

Within each of these themes, we seek to find ways to help our clients achieve their impact goals – from land conservation to affordable housing, renewable energy infrastructure, growing a more equitable and inclusive economy, and empowering historically marginalized communities. Our investment platform has been built on years of impact investing experience to provide access to what we believe are some of the leading-edge impactful strategies our society needs now.

JZ: In reading your report you talk about taking an intersectional approach as it relates to your investment themes about environmental and social impact. How did that approach come about and why do you feel it is so important?

CV: Social and environmental challenges are often intertwined. Investing through an intersectional lens means that we seek to find strategies within our themes that address interrelated challenges. For an example of how social and environmental challenges can be interconnected, think of the many ways that climate change is worsening social inequality – especially in communities with high levels of poverty. If droughts or flooding caused by climate change negatively impacts crop yields in a community that relies on subsistence farming, increased food insecurity will follow, which in turn can lead to declining health outcomes. We believe it is critical for impact investors to consider how social and environmental challenges are interlinked when considering which solutions to invest in.

JZ: I assume a lot of your clients come to you seeking positive financial returns and want to do it without harming the environment. If that is their goal, how do you get them started? 

CV: We first start by learning about their short and long-term financial goals and their vision for a better future. We do a deep dive into the issue areas they are most passionate about. Then we design a custom portfolio designed to meet their goals that is a true reflection of their values.

If you are looking for a way to get started there are many on-ramps for investors to consider. In today’s growing impact investing landscape, your options are at an all-time high. The market has exploded in the last three years with lots of product innovation to meet rapidly growing investor demand. I say, find a way to start. A few ideas to consider: a carveout (portion) approach of your current assets fully committed to impact, family foundation or DAF investable assets that align with your theory of change, or like most of our clients when they see and understand what is possible, they invest 100% of their portfolio through an impact lens. Ensure you have the right people around you to provide the advice you need. I also recommend getting out there and participating in conferences or networks to support your learning journey. Three great organizations that offer conferences and other learning opportunities are Confluence Philanthropy, NEXUS and US SIF.

JZ: Can you share options if you have smaller amounts to invest, versus larger amounts?

CV:  One area I tell people to look into are your local Community Development Financial Institutions (CDFI) and community investment notes addressing climate change. CDFIs in particular, provide a variety of options in the form of debt supporting your local communities in need, ranging from affordable housing projects to renewable energy infrastructure to lending to small business owners. Look at your fixed income allocation and shift to impact notes or loan funds as a place to start. Options will vary based on each individual’s financial situation and impact goals. Many strategies are highlighted in our recently published Impact Report.

An image of the title page of The Time is Now report by Veris

JZ: To those who think, “These problems are too big for me to feel like I can make a difference”, what would you say?

CV: No one individual can solve the big environmental and social challenges we face alone. It will take each of us working together. Investors make a much bigger impact when we invest together. When we act as a community, we deepen our understanding of our most pressing environmental and social challenges, and share knowledge of investable opportunities that will move the needle. We are stronger when we are united.

JZ: Anything else you would like to add?

CV:  I dedicated my career to impact investing 16 years ago. I come from a modest background and was directly impacted by the economic wealth gap when I was growing up. When I first learned about the ‘3 P’s’ – People, Planet and Profit – I was inspired to use the capital markets as a way to scale significant positive impact by rethinking the business paradigm and overall stakeholders. As investors, innovators, entrepreneurs, industry leaders and as parents we have a role to play in creating lasting systemic change. We need to continue to protect, preserve and improve our precious environment, and remember without a healthy planet we all suffer. By committing to learn from our past mistakes and challenge the status quo, together we will build a better future.

JZ: Thank you Casey and to Veris Wealth Partners for your incredible leadership in the field.

Casey and his team at Veris offer free consultations for those wishing to explore next steps.


Wanting to leave you all with an additional something that was actionable and accessible, I went in search of a short list of Exchange Traded Funds (ETFS) that a person with any amount to invest might consider, and thankfully that is where GOOGLE does comes in handy. This month, in honor of Earth Day, there are a lot of articles being written with specific recommendations and I encourage you to do some searching, and of course, consult your investment advisor. This one in particular seemed worthy of further homework.  And, if you are already invested in this manner, please do share how you are doing it.

This is what I know for sure. Every single thing each and every one of us does to care for our planet matters. It all adds up. I am going to hold myself more accountable for knowing the impact of my investments and aligning my dollars with my love for our world and the people and animals that inhabit it, and I hope you do too.

-Happy Earth Day everyone.

The information contained herein has been provided for informational purposes only and represents only a summary of topics discussed. The contents should not be construed as the provision of personalized investment advice or recommendations or an offer to sell or the solicitation of any offer to buy any securities. Rather, the contents including, without limitation, any forward-looking statements, simply reflect the opinions and views of the speaker. All expressions of opinion reflect the judgment of the speaker as of the date of publication and are subject to change without notice.

WTF? Invest in Women and BIPOC Founders, now.

A cartoon of a man sitting a top a huge mountain of Cheerios, while two women look at their three little Cheerios. One woman is looking at the man with the thought bubble "WTF?"
Original Cartoon by Liza Donnelly

As published on LinkedIn on June 15th, 2021.

Welcome to SheInvests Newsletter #10.

WTF? In our family it means, what the fudge? That said, the other meaning is appropriate too. Really appropriate. The above drawing, courtesy of my ongoing collaboration with the incredible Liza Donnelly, shows the percentage of venture capital dollars, represented by Cheerios, going to male founders versus female founders. I wrote about these numbers and what it means in great detail in SheInvests #3, the now infamous Cheerios piece. This month, I asked Liza to draw what I talked about in that piece, and with your help, we want to make this image ubiquitous. The image above represents the gross inequity of capital flowing to women, especially women of color, and it is time that we fully acknowledge the far-ranging effects of biased capital, and more importantly, do something about it.

The ‘something’ I am specifically championing is to invest in early-stage private equity funds started by women and BIPOC* founders. And if you are reading this and are thinking, “This article is not for me because I don’t have enough money to invest in funds”, I urge you to keep reading. Funds are successful because the companies they invest in are successful, and that happens when we purchase or advocate for the purchase of the products and services of the funded companies. This means we all have a role to play in democratizing access to capital. We all have the power, through our investing, spending, giving, and advocacy, to shift the financial and economic outcomes for ourselves and for others. In fact, that is what we are doing all day, every day, without even knowing it.

If you already read the Cheerios article, thank you. But if you haven’t, let me briefly catch you up. That newsletter was inspired by the latest data that showed that the most women founders have ever received in a given year was just 2.8% of all venture capital dollars. For Black and Latina founders, that percentage was 0.2%. Put another way, male founders received 97.2% of venture capital dollars. It has been argued that women are less likely to start the types of businesses that attract VC capital, blah blah blah… But even if that is partially true, it is not 97.2% true. Furthermore, as an active angel investor myself, as well as an active early-stage fund investor, I know that the deal flow is robust from women and BIPOC founders. It just is.

A photo of a pile of Cheerios on a counter. Three Cheerios are separated for women, a small pile of crumbs is separated for WOC, and the rest are for men.

This is all incredibly important, because when businesses receive an influx of capital, they generally hire people, often including equity as part of the compensation. This grows the wealth of not only the founders, but those they hire as well. And given that Black and brown founders are more likely to hire Black and brown employees, that wealth is passed on. It is the wealth effect that has served white men forever. But to change the output, you need to change the input. Of course, this is the point in the paragraph where something in me wants to type – yes there are wonderful white men who get money and instinctively care about diversifying their employee base and their board, but the numbers also say that most do not. In this world we live in, we give way too much credit for good intentions, especially as it relates to diversity and inclusion. That’s why I am advocating for following the money trail to better understand commitment to values, not just words.

Another highlight from my Cheerios piece that is worth pulling in here are the numbers related to who makes the decisions regarding where those VC dollars go:

  • 5.6% of all VC firms in the US are women-led, and only 2.1% of VC firms are founded by a woman of color.
  • 4.9% of all VC partners in the US are women, and only 2.4% of all VC partners are Founding female partners.
  • 73% of all women-led VC firms were founded in the last 5 years (since 2015).
  • 23% of women-led firms are currently raising their first fund, and 44% are deploying Fund I.
  • 90% of all women-led funds are considered emerging managers.

Why does this matter SO SO SO much? Because people who share demographics in common, including gender, race, ethnicity, etc., are more likely to invest in people who share those same demographics. If we want to broaden who gets the capital, we simply have to broaden who makes the decisions about where that capital goes. For example, do you watch Shark Tank? I do, a lot, and I both love it and absolutely hate it for a lot of reasons that could probably fill a whole other newsletter. But what I specifically want to note is how often the Sharks opt-in, or opt-out, because the businesses are “not in their wheelhouse”, or because they “cannot relate to the business as a ___”. I admit I do not know the actual statistics from the show, but I can guarantee the women sharks are way more likely to fund the women-founded businesses, and vice versa. Additionally, I’m willing to bet that the Black sharks are more likely to fund the Black founders, etc. If someone has data on this, please share. But regardless, if you assume that human nature is human nature, then in order to change who gets the money, you need to change who is allocating it.

This has been my work (with help!) for the past several months; to identify early-stage funds founded by managers (General Partners / GPs) who are women and people of color, with an emphasis on identifying Black women GPs. I believe that as an investor, and a white woman with capital who wants to align my money with a gender and racial impact lens, funding these Black and brown women is the single, most impactful interventions/investments I can make. Let me explain further, building on the above, after giving you a few more statistics.

In this recent (and fantastic!) article by Stephanie Cohn Rupp of Veris Wealth Partners, she cites these statistics as it relates to the financial health of Black American families:

  • Research from the Federal Reserve Bank at St. Louis showed that between 1992 and 2016 college-educated white Americans saw their wealth increase by 96% while college-educated Black Americans saw their wealth fall by 10%.
  • The Brookings Institute found that the net worth of a typical white family in the United States is 10 times greater than the average net worth of a Black family.
  • Only 44% of Black households own their homes compared to 73.7% of white families.

We all need to care about this. Recognizing that people of a certain demographic, in this case, Black Americans, are systematically financially disadvantaged should not immediately result in the “and what about”s? Yes, we also need to care about improving the well-being of all financially disadvantaged people, but we can also focus on one demographic in terms of interventions and solutions. I simply do not believe in a zero-sum game and neither should you. However, just take a moment to notice how often, especially in today’s media, we are being sold this belief. Don’t believe it. If we want to improve the stats above and close the gap by bringing the wellbeing of all Black Americans up, one powerful strategy is to invest in Black Fund Managers, who in turn invest in Black founders, who in turn hire Black employees, which improves the economic well being of Black families, Black communities, and so on.

In-game theory and economic theory, a zero-sum game is a mathematical representation of a situation in which an advantage that is won by one of two sides is lost by the other. If the total gains of the participants are added up, and the total losses are subtracted, they will sum to zero.

Sidebar: I have this habit of seeding future articles in current ones, so let me plant this seed. Philanthropy and charitable dollars, even when combined with progressive policies, will never be enough to bring low-income, low wealth people into a place where they have the conditions to flourish. We all know this, and yet we continue to act like it will. We place too much hope in philanthropy, and I believe wealthy white women do this the most. We do it by focussing the vast majority of our time and money on charitable versus non-charitable activities. I certainly did this for years, which is why now, I am shifting so much attention to aligning my investment capital with my values. It is also why I wrote this piece about Melinda French Gates, Laurene Powell Jobs, and MacKenzie Scott. As I stated at the end of that newsletter, if and when women of the world align their VAST financial and investment resources with the goal of advancing gender and racial equity, things would change so fast our heads would spin. 

Cartoon drawings of Melinda French Gates, Laurene Powell Jobs, and MacKenzie Scott
Original Drawing by Liza Donnelly for SheInvests

But back to the stats and my theory of change for investing in Black and brown women GPs. This is, after all, the SheINVESTS newsletter. So let’s also take a minute to look at this from an investment perspective. When it comes to my own personal investment philosophy, in addition to always thinking about the good my money can do (I am, after all, an impact-driven investor), I also put my investment dollars to work in opportunities that I believe can generate substantial returns. Not because I’m necessarily determined to add to my wealth with these investments (although if that’s one of your goals, that’s awesome too!), but for the following reasons:

  1. Impact will be created at scale when solutions work at scale. Which means that an impact-focused company, like HelloAlice, one of my investments that also happens to be tackling racial disparities in business, will be most effective when it is most successful. And the byproduct of successful businesses (for investors) is a nice return. And, P.S. HelloAlice, whose cofounder Carolyn Rodz is Latina, just raised $21 million in a Series B!
  2. Those nice returns allow me to amplify my impact. When my investments are successful, that increases the amount of capital I can wield for good, whether it’s through philanthropy or more impact investments.

So with that investment philosophy in mind, let’s get back to the topic at hand – investing in Black women. As Gayle Jennings O’Byrne, one of the fund managers I’ve recently invested in (more about Gayle and the WOCstar fund below!) often says, investing in women of color provides “the biggest arbitrage opportunity in venture investing.” Not only do companies led by diverse teams outperform when it comes to higher returns (30% higher by some estimates, in fact), but they are also best positioned to capitalize on changing trends and the growing purchasing power of both women and communities of color. The spending power of multicultural communities is already $3.9T, and is growing rapidly as multicultural populations shift toward the majority. Not to mention the fact that women control 85% of consumer spending. Investors who fail to recognize the importance of these trends are not only missing out on a massive economic opportunity, but an impact one as well.

Furthermore, investing in black women is good business for everyone. A recent reportby Goldman Sachs found that closing the earnings gap for Black women could create up to 1.7 million jobs and raise the annual GDP by $450B. Not to mention all of the other associated benefits that come from economic equity more broadly, including clean energy, better health outcomes, better access to education. Goldman felt so strongly that they created their One Million Black Women Initiative “which will commit $10 billion in direct investment capital and $100 million in philanthropic support to address the dual disproportionate gender and racial biases that Black women have faced for generations which have only been exacerbated by the pandemic”. The bottom line is that investing in Black women represents a massive opportunity to generate BOTH impact and alpha.

As I’ve mentioned in recent newsletters, over the past few months I have been working with Rose Maizner to find and vet funds led by women and women of color. So far, we have made investments in two outstanding funds: the WOCstar Fund led by Gayle and Pialy Aditya, and The 22 Fund led by Tracy Gray. We decided to invest in these funds for a myriad of reasons and one of the challenges we are trying to solve is how to share due diligence efforts to make investing in funds easier. One thing we know for sure, these two women are amazing.

A close of headshot photo of Gayle Jennings O'ByrneWith an impressive background as a tech investor, entrepreneur, and former finance executive, Gayle (pictured to the right) has more than 20 years of experience investing in and supporting the women of color tech ecosystem. During her 17 year tenure with JPMorgan, she had the opportunity to learn the ins and outs of the space via co-investment, as well as build up an impressive bench of skills that have served her well as an investor, including deep experience with mergers and acquisitions, due diligence, valuation, and contract negotiations.

Close up photo of Tracy GrayAnd then there’s Tracy (pictured to the left), who is an actual rocket scientist, an impact and cleantech/environmental justice investor, and a long-time champion of investing in overlooked and underestimated teams and technologies. She’s also an expert in international business and economic development policy, and, as a Senior Advisor to the Mayor, she helped to lead the City of Los Angeles’s economic recovery efforts post-Recession by creating a widely respected and replicated plan rooted in supporting manufacturing and export-oriented local businesses.

In short, Tracy and Gayle bring decades of experience to the table, and have crafted thoughtful, meaningful investment theses that reflect their unique domain expertise. They both have countless skills t

hat they have developed over the years, all of which are critical to helping founders to not just successfully scale, but to create as much impact and value as possible along the way. And, in addition to the fact that they are both incredibly qualified and experienced fund managers, they have also been leading voices in the effort to challenge and redesign the systems that have perpetuated such staggering inequality when it comes to the allocation of capital, whether it’s helping us to understand the complicity of foundations in widening the wealth gap, or underscoring the importance of investing in Black investors. As Tracy was recently told by a potential institutional investor, she hasn’t spent the past few years just fundraising. She’s spent them educating. Educating investors about the opportunity. About what is really risk and what is actually just bias or assumption. About understanding the difference between impact-washing and lip service and actually championing–and funding–the women who are paving the way towards a more equitable investment landscape.

This Thursday, June 17th, I will be hosting a LinkedIn Live with Tracy and Gayle, where we will be talking about this theory of change and the importance of investing with an intersectional gender lens. We will be discussing how catalyzing capital toward diverse fund managers creates immense social and economic impact, as well as how these opportunities have been shown to generate outstanding financial returns, often outperforming others in their asset class. I hope you will join us at 12PM ET on Thursday, as I know it will be an incredible and illuminating conversation. AND, it will be my very FIRST LinkedIn Live event! If you click through here, you can push the ‘REMIND ME’ button and you will receive a notification when the event goes live.

A promotional poster for the event featuring headshots of Jacki, Gayle, and Tracy

In the past several years, there has been an unprecedented reckoning around gender and racial justice in the United States and the world at large. And yet, even with companies and individuals paying tremendous amounts of lip service to these movements, when it comes to the world of finance, very little has changed, or in some cases, has gotten worse. But that can change, especially when it comes to investment dollars.

So I invite you to take another look at the image at the top of this article. That image should offend you. Well, actually, it should enrage you, but instead of getting angry, let’s just fix this. Because let’s be absolutely clear. We can fix this. Right now. Folks, this is not a zero-sum game world we are living in. I do not believe that, and neither should you.


This article could be so much longer if I more fully referenced all the people and resources I want to, but below are some links to go deeper.

  • Tracy wrote a fantastic article for the Stanford Social Innovation Review, that outlines clear action steps for how to support diverse fund managers.
  • GenderSmart recently published a terrific guide, full of tools and resources, for investors looking to support first-time and diverse fund managers. This is a tool you can use, and also give to your investment advisor!
  • The Gender Smart community in partnership with Wharton created Project Sage which tracks Venture Capital, Private Equity, and Private Debt with a Gender Lens. This document contains lists of funds in all these categories!!! Truly a spectacular resource for anyone looking to invest.
  • My racial equity piece (SheInvests #2) has dozens of resources related to investing with a racial lens. I pulled most of them from the GenderSmart community. Thank you!
  • A great article by Stephanie Cohn Rupp of Veris Wealth Partners titled “There is a Strong Business Case for Racial Equity, But Investors Must Look Beyond the Data”
  • As always, my 650 top reports list to support Gender Lens Investing, Giving, and Action. There is not only SO MUCH data embedded in all of these studies but so many strategies as well.
  • Just released research stating that “the U.S. economy lost out on more than $507 billion in economic productivity as the attainment gap between Black and white women has widened since 1960, according to new analysis from S&P Global (NYSE: SPGI)”.

Please feel free to post other resources in the comment section.

*BIPOC stands for Black, Indigenous, and People of Color.

If you have been forwarded this newsletter please subscribe, and also follow my new company, ShePlace by clicking here.

She Invests #2 – Investing for Racial Equity

A photo of an inspirational quote about investing big if you want to change the world in big ways.
A quote I took a picture of at a conference.

As published on LinkedIn for the She Invests monthly newsletter.

Welcome to She Invests, a monthly newsletter on women, money, and investing. This is newsletter #2! If you have not yet seen the first one, please click here, and thank you for reading and sharing. Be sure to subscribe!

Earlier this year, the Wharton Social Impact Initiative and Catalyst at Large published Project Sage 3.0: Tracking Venture Capital, Private Equity, and Private Debt with a Gender Lens. I wrote about this new report at the time of its release, and how it was an important resource for investors who are looking to apply a gender lens to their portfolio. This week, another report was published by Glenmede, titled Gender Lens Investing in Public Markets: It’s More Than Women at the Top. This report looks specifically at the relationship between performance and five dimensions of gender equity: Women in Leadership, Access to Benefits, Pay Equity, Diverse Supply Chains, and Talent and Culture. This new resource was born out of the desire to provide investors with a metric to gauge gender equity at all levels of a company, instead of just evaluating the highest levels of an organization’s leadership.

Both of these reports are part of a growing body of research in the field of gender lens, or gender impact, investing. This research has grown exponentially since the term was first coined over 10 years ago, and the field of gender lens investing as a whole has evolved dramatically during this time as well. So much so, that it’s starting to recognize the limitations of its initial parameters, while providing expanding frameworks for investors wanting to combine impact with return. For one thing, gender exists on a spectrum, and for another, it’s not just gender equity that should be driving investors’ decisions. The past couple of months have witnessed a global reckoning around issues of racial and ethnic justice, and thankfully, we’re seeing this reckoning extend to the financial sector as well. Specifically, more people are calling for equity on many fronts, not just gender.

One such person is the incredible Suzanne Biegel, who was involved in both of the above reports, and is a globally recognized expert in gender lens investing. I have known Suzanne for a long time and proud to call her a friend and mentor. She is also the co-founder of GenderSmart Investing, and recently wrote about the need to incorporate racial equity into the investment sector. To that end, GenderSmart released a list of resources for investors to help us expand our understanding of racial equity as it relates to investing, which you will find below. When people talk about investing, I often hear that they don’t know where to start. My goal with this newsletter is to help you start somewhere. Additionally, this is a place for me to both share and aggregate a collection of reference material that you refer back to as your interests grow.

Thanks again to Suzanne, Darian Rodriguez Heyman, and so many more for putting together such an incredible list.


Data, Tools and Reports

Community Voices

Investment-Related Organisations and Initiatives Working to Address Justice, Equity, Diversity and Inclusion

  • ABFE, The Investment Manager Diversity Pledge – promoting effective and responsive philanthropy in Black communities.
  • Croatan Institute, Racial Equity, Economics, Finance, and Sustainability (REEFS) – an initiative to address structural racism within finance and to integrate racial equity as an explicit factor of analysis and engagement within total portfolio approaches to investing for social impact.
  • Diverse Asset Managers Initiative  – building a vibrant, coordinated effort to change the culture of the financial services industry as it relates to asset managers.
  • Digital Undivided – a social startup that merges data and heart to develop innovative programs and initiatives that catalyzes economic growth in Black and Latinx communities.
  • Diversity VC – working with entrepreneurs, investors, and universities in order to create an industry that is free from bias.
  • Fundright – a VC initiated movement aimed at ensuring a more diverse ecosystem, at both VC level and portfolio company level.
  • Intentional Endowments Network (IEN), Diversity, Equity, and Inclusion (DEI) Working Group – improving endowment investment decision-making in higher education to better incorporate factors related to Diversity, Equity, and Inclusion (DEI).
  • Racial Justice Investing  – a group of investors, asset owners, and business leaders who are taking action for racial justice within their own organizations, as well as in their engagements with portfolio companies.
  • The Diversity Project  – a cross-company initiative championing a more inclusive culture within the Savings and Investment profession.
  • Transform Finance – a community of practice for asset owners and other finance practitioners exploring how to deploy capital for social change in accordance with the principles of transformative finance.
  • UAW Retiree Medical Benefits Trust, Midwest Investors Diversity Initiative – a coalition of institutional investors dedicated to increasing racial, ethnic, and gender diversity on corporate boards of companies headquartered in six Midwest states.
  • VC Include   – consulting venture capital and impact fund managers, and assisting multi-asset class allocators to create a more efficient process for investing in Black, LatinX, People of Color (BIPOC) and women-led fund managers.
  • WOCStar – early-stage investment fund focused on tech innovation being brought to market by inclusion teams and women of colour (“WOCSTARS”).

If you want to add your own resources please do so in the comment section.