In signing the Healthcare Anchor Network’s (HAN) Place-based Investment Commitment, health systems commit to redirecting a portion of their investable assets toward impact investments that are place-based and address community conditions that create racial, economic and environmental disparities. The goal of these investments is to improve community health and well-being, particularly for those impacted by a legacy of divestment and discrimination.
Signatories are required to allocate at least 1% or $50 million (whichever is less) of long-term reserves or unrestricted investment fund or pool for place-based impact investments (pensions and other restricted assets are to be excluded from consideration). Moreover, signatories are required to deploy at least the minimum investment amount within five years of creating the allocation. Finally, signatories are required to collect and submit annual data to the Healthcare Anchor Network in order to track collective progress and impact, and to ensure accountability.
Place-based Investment Commitment Signatories
Place-based Investment Commitment Case Studies
UMass Memorial Health Care Community Investing Program
UMass Memorial Health (UMMH)’s Community Investing Program is explored in a new case study. The case study covers the program’s inception and design, strategies employed, and key stakeholders involved. It also discusses several of the program’s projects, including Worcester Common Ground (WCG), Creative Hub Worcester (CHW), the Finally Home Fund, and the Tiny Home Village.
Continue Reading Kaiser Permanente Thriving Communities Fund
CommonSpirit Health Community Investment Program
CommonSpirit Health’s Community Investment Program is explored in a new case study. The case study covers the program’s inception and design, strategies employed, and key stakeholders involved. It also discusses several of the program’s projects, including Stocktonians Taking Action to Neutralize Drugs (STAND), the Hill Country Community Clinic, and California FarmLink.
Continue Reading Intermountain Healthcare Local Impact Investing
Place-based Investment Commitment News Updates
Place-based Investment Commitment Announcement News Coverage