Investments
The foundation’s current portfolio of investments is listed below. We are proud to play a supporting role with each and every one of these double bottom line enterprises and funds and the inspiring people that lead them.
Search returned 21 results
| Organization | City | State | Investment Amount | Focus | Geographic Area | Asset Class |
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| Acelero | New York | NY | $500,000 | Education & Learning | National | Private Equity |
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Purpose Statement:
Acelero - $500,000 series B
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investment in for-profit Head Start provider. Acelero sought capital to help bring its operations to scale and a higher level of efficiency. By focusing its expenditures where they count - hiring better teachers and paying them 60-80 percent more than those retained by the failing programs they are typically brought in to replace - Acelero can drive better outcomes for kids. Acelero is now cash flow positive and expects to reach $30 million in revenue shortly, enabling it to get 5,000 vulnerable kids ready ever year for kindergarten and to set new standards for Head Start efficiency and effectiveness.
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| Community Capital Management | Weston | FL | $12,000,000 | Family Economic Security | National | Fixed Income |
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Purpose Statement:
Community Capital (CCM) - $12 million for a managed fixed-income
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account invested in community development bonds that support vulnerable communities in Michigan, Mississippi, New Mexico, and New Orleans. These bonds will support healthy food efforts and enterprises, increased access to educational opportunities for vulnerable chilren, and affordable housing, job creation, and facilities that improve the quality of life in communities. Women are the majority owners of Community Capital, a leading fixed-income manager.
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| Core Innovation Capital GP, LLC "The Fund" | Chicago | IL | $4,000,000 | Family Economic Security | National | Private Equity |
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Purpose Statement:
Core Innovation Capital Fund - $1,000,000 fund investment with
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additional $3 million co-investing rights. The Core Innovation Fund is a private equity fund investing in financial service companies that serve low-income un- and underbanked consumers in the U.S. The Fund is managed by Core Innovation Capital in partnership with the Center for Financial Services Innovation (CFSI), a nonprofit affiliate of ShoreBank that offers a variety of programs to assist the financial services community better understand and serve un- and underbanked consumers. The Fund will invest in 8 to 12 financial service and technology companies that provide scalable and positive consumer impact in the estimated $25 billion underbanked market.
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| Habitat for Humanity International | Atlanta | GA | $2,000,000 | Family Economic Security | Michigan | Fixed Income |
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Purpose Statement:
Habitat for Humanity International Linda Mae Bonds ( ... ) - $2 million bond, 7-year term. The Habitat for Humanity International provides truly affordable home ownership (monthly payment of - $300) for families in Michigan who live at or below 30-60 percent of the area's median income. With the current real estate downturn, banks that traditionally have purchased bonds issued by Habitat as they acquire properties at deep discounts have stepped back, leaving a void. The Kellogg Foundation and several others are stepping up to fill the gap by purchasing bonds, allowing Habitat to take advantage of the market opportunity and extend its services to vulnerable families.
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| Hope Community Credit Union | New Orleans | LA | $250,000 | Family Economic Security | New Orleans | Cash |
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Purpose Statement:
ECD/HOPE Community Credit Union - $250,000
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insured cash deposit. Since 1994, ECD/HOPE has helped more than 70,000 Mid-South residents gain access to the resources they need to improve their lives. It has generated more than $1 billion in financing for a range of development needs. The credit union is African American-led and serves deeply disadvantaged communities with a particular focus on Mississippi and New Orleans. This deposit strengthens its ability to provide residents with resources they need. |
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| Latino Community Credit Union | Durham | NC | $250,000 | Family Economic Security | Other State/Region | Cash |
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Purpose Statement:
Latino Community Credit Union - $250,000
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insured cash deposit. The Latino Community Credit Union formed a unique partnership with the North Carolina State Employees Credit Union (SECU) to reach unbanked Latinos. The partnership allowed it to reach its target audience while SECU managed the back office and operations with an efficiency and scale that it previously could not achieve. As a result, it has served more than 50,000 members (97 percent of whom are low-income and minority), providing more than $114 million in loans and financial literacy to almost 10,000 members in the past three years. The Kellogg Foundation's investment will enhance its ability to continue such outreach. |
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| Legacy Ventures V & VI | Palo Alto | CA | $5,000,000 | Education & Learning | National | Private Equity |
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Purpose Statement:
Legacy Ventures - $5 million investment in ( ... ) fund-of-funds focused on elite venture funds while building philanthropic community. Legacy has built a unique philanthropic network of leading investors and entrepreneurs who donate the principal and returns of their investment from the Legacy Venture Fund to charitable purposes of their choice. The Kellogg Foundation is partnering with Legacy to help increase the quality of giving of its network and to increase the market share of giving focused on vulnerable kids.
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| Liberty Bank and Trust | New Orleans | LA | $4,000,000 | Family Economic Security | New Orleans | Cash |
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Purpose Statement:
Liberty Bank - $4 million CDARS insured cash
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deposit. Liberty Bank is a CDFI with headquarters in New Orleans. It has been working with state and city leaders in the post-Katrina rebuilding effort. The bank is majority owned by people of color. About 95 percent of its staff and 90 percent of its borrowers are African American. The Kellogg Foundation's deposit underscores the value and contribution of the bank to ongoing rebuilding and community development efforts in New Orleans. |
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| Liberty Bank and Trust - Detroit | Detroit | MI | $1,750,000 | Family Economic Security | Michigan | Cash |
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Purpose Statement:
Liberty Bank- $1.75 million CDARS insured cash deposit. Liberty
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Bank's Detroit branch is focused on serving the predominant African American population in Detroit. The Kellogg Foundation's deposit will enhance its ability to serve emerging and established entrepreneurs and residents in Detroit. |
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| National Cooperative Bank | Oakland | CA | $3,000,000 | Family Economic Security | National | Cash |
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Purpose Statement:
National Cooperative Bank (NCB) - $3 million ( ... ) CDARS-insured cash deposit. A unique institution chartered by the United States Congress to serve as a bank for cooperatives, NCB is one of the leading banks providing support for food co-ops and community grocery stores. Through its non-profit arm, Capital Impact, it also provides capital for charter schools and community health facilities. The Kellogg Foundation's investment will enhance its capacity to finance food-related investment opportunities.
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