Reinvestment Fund got some global props for its impact capital asset management - Generocity Philly


Jul. 21, 2017 7:20 am

Reinvestment Fund got some global props for its impact capital asset management

The Center City nonprofit that provides loans for community development was named "Asset Manager of the Year" by a global umbrella org overseeing national advisory boards on impact investment. Whew.

Reinvestment Fund CEO Don Hinkle-Brown at the GSG Impact Summit.

(Photo via

Reinvestment Fund, the Philly nonprofit that provides loans for local community development, just got some global recognition.

The community development finance institution, or CDFI, which operates in nine other states and D.C., was recently given the the “Asset Manager of the Year” award by the Global Social Impact Investment Steering Group (GSG), an international organization that oversees national advisory boards focused on impact investing.

Selected out of more than 150 total nominations from around the world, Reinvestment Fund was recognized primarily for its accomplishment this past May when it accessed the municipal bond market to raise $50 million, which was then used to provide loans to childcare centers, grocery stores, schools and more.

As the Philadelphia Inquirer reported in May, Reinvestment Fund was the second-ever CDFI to access such a public bond offering, after Local Initiatives Support Corporation, a New York-based CDFI.

Don Hinkle-Brown, CEO of Reinvestment Fund, was at GSG’s Impact Summit event in Chicago from July 9 to 12 to receive the award, where four other winners from around the world were recognized for their work opening access to capital for social impact.

From our Partners

Those winners, selected out of more than 150 nominations by a panel of judges led by Sir Ronald Cohen, chair of the GSG, were:

  • Entrepreneur of the Year — Rajeev Kher, CEO and founder of 3S India
  • Asset Owner of the Year — Christian Super, a small pension fund based in Australia
  • Field Builders of the Year — Intellecap, a Mumbai-based firm that provides business solutions to social impact businesses; and Impact Investment Exchange, a Singapore-based facilitator of social impact investment capital

Since its founding in 1985, Reinvestment Fund has supported local childhood education and the like through its innovative funding practices. For instance, it lent more than $350 million in facility financing to K-12 education as well as $20 million to early childhood education as of last year.

And this global recognition for Reinvestment Fund moving toward making more nontraditional moves in this industry is something Hinkle-Brown is excited to see, as validation for the nonprofit’s work so far.

“It also recognizes our successful bond issuance as a pioneering effort in bridging the private bond markets to community development in low-income communities,” Hinkle-Brown said in an email. “We also appreciate that the global impact investing community shows with this award that CDFIs are central to domestic impact investing and home to innovations, which will scale the field.”


From our Partners

11 free trainings and webinars taking place in August

One year into the PhilaImpact Fund, a look at impacts

That thing you do: What happened around Philly in May and June


Generocity Philly

PA Humanities Council helps communities reclaim their stories

Philadelphia, PA

YouthBuild Philadelphia Charter School

Senior Director of Human Resources

Apply Now
Radnor, PA

Pembroke Philanthropy Advisors

Grants Manager/Administrator (28 hrs/wk, flexible schedule)

Apply Now
Washington, DC

Opportunity Finance Network

Associate, Development

Apply Now

Want to really impact a community? Invest in a CDFI

PIDC is hoping to spur inclusive growth in Philly with those new Opportunity Zones

Is deeper impact possible with program-related investments?


Generocity Philly

Nonprofits and startups can win up to $360K at the WeWork Creator Awards

Southampton, PA

HealthLink Dental Clinic

Major Gift Officer

Apply Now
1424 Chestnut St. Philadelphia, PA 19102

Community Legal Services

Major Gifts & Development Officer

Apply Now
Philadelphia, PA

Liberty Resources Inc.

ODP Program Manager

Apply Now

Sign-up for daily news updates from Generocity