The Road to Centerville: Investing in Regional Collective Impact

From the Bay Area Impact Investing Initiative and the Federal Reserve Bank of San Francisco:

Please join us for The Road to Centerville: Investing in Regional Collective Impact at the Federal Reserve Bank of San Francisco (101 Market Street) next Monday, March 16th from 1:00 – 6:00pm, including a networking reception.

Regional collective impact investing represents an enormous opportunity to use the capital markets to address community-based challenges and tap large pools of assets for scaling programs that work. Marshalling these resources for collective impact has historically been difficult, requiring cutting across program and financial silos to connect capital with opportunity. “Centerville,” a fictional representation of a successful place-based collective impact investment approach, is a call for better coordination of both program and financial assets to achieve sustainable regional prosperity. Join local experts from many disciplines at the Federal Reserve Bank of San Francisco to discuss this type of long-term regional collective impact investing in the Bay Area and other “Centervilles” across the country.

Conference agenda is below. You can register for “Road to Centerville” here: https://www.eventbrite.com/e/the-road-to-centerville-investing-in-regional-collective-impact-registration-15990929300

 

1:00 – 1:10pm  | Welcome Remarks

Ian Galloway, Federal Reserve Bank of San Francisco

 

1:10 – 1:40pm  | Keynote Presentation

Lenny Mendonca, McKinsey & Company

 

1:40 – 3:10pm  | Building Centerville: Elements of Successful Regional Collective Impact

Marianna Grossman, Sustainable Silicon Valley: Net Positive East Palo Alto (sustainability)

Maria Hernandez, Impact4Health (health improvement)

Josh Genser, Richmond Community Foundation (blight reduction)

Tom DeCaigny, San Francisco Arts Commission (creative placemaking)

Michael Theodore, Interactive Advertising Bureau (education and job training)

Megan Channel, Grand Boulevard Initiative Taskforce (commercial revitalization)

Glenda Humiston, USDA Rural Development (economic development)

3:10 – 3:30pm  |  Networking Break        

 

3:30 – 4:00pm  |  Collective Impact Investing Lessons Learned, Impact Achieved

Sunne Wright McPeak, California Emerging Technology Fund (former Secretary of Business, Transportation and Housing for the State of California)

 

4:00 – 5:00pm  |  Financing Centerville: Strategies to Coordinate Programs and Funding Streams for Regional Impact

Lauryn Agnew, Bay Area Impact Investing Initiative

James Golub, James Golub Associates

Catherine Howard, Northern California Community Loan Fund

Monica Presley, San Francisco Foundation

 

5:00 – 6:00pm  | Networking Reception

The Bay Area Impact Investing Initiative

Lauryn Agnew has been leading the efforts for the Bay Area Impact Investing Initiative which is gaining momentum: visit baiii.org for more information.

Initially based on research developed over the last couple years, the Bay Area Impact Investing Initiative was created to explore whether we could build a financial structure that would encourage and enable institutional investors to allocate to investing in their own backyards, recycling some of the local wealth back into our communities and aligning with a mission of regional, sustainable economic prosperity.

It started as a research study for the United Way of the Bay Area.  We were challenged to build a stock-and-bond portfolio that would be aligned with the mission to reduce poverty in the Bay Area by ½ by 2020.  The research was encouraged by the Federal Reserve Bank of San Francisco, who published the report and posted it on their website in December 2012.

This research led to a Fed sponsored day-long conference on May 7, with an outstanding group of panelists discussing the challenges and opportunities of impact investing in the regional economy of the San Francisco Bay Area.

For the agenda and white papers:

http://www.frbsf.org/community-development/files/Brochure-Impact-Investing-in-the-Bay-Area.pdf

To watch the video of the speakers and panels:

http://www.youtube.com/playlist?list=PLZ2lnRpiB6618WhePbPPV4vLhZJJzJZ_X

Many of us became convinced that adding impact intentions to our investment portfolios could not only improve our impact, it can also produce comparably strong returns to investors.   The Bay Area Impact Investing Initiative  (BAIII or BA Triple I) was formed to undertake the research to build model portfolios in all asset classes, under fiduciary standards of diversification, due diligence and prudent expectations of risk and return that would also have a positive impact on the economy and people of the San Francisco Bay Area.

Our research will include a market survey to identify investment beliefs about impact investing and place-based investing, as well as educational presentations to groups of investors, students, and communities.  We have built a small active team, an advisory board of experts, an advisory council of professionals, and retained a fiscal sponsor.

Welcome to our journey – join our efforts to prove that impact investing can work for institutional investors, helping to keep our own regional economy healthy, innovative, diverse and strong.

To learn more about the growing field of impact investing, see our research section for more information.

Announcements

1. The impact investing research paper is now posted on the Federal Reserve Bank of San Francisco website: Impact Investing for Small, Place-Based Fiduciaries:  The Research Study Initiated by the United Way of the Bay Area”, December, 2012.

The paper provides an analysis of impact investing, an understanding of fiduciary duty and a step-by-step handbook on how to build a stock and bond fund that is aligned with the mission to reduce poverty in the Bay Area, while meeting fiduciary standards of due diligence and performance expectations.

A shorter summary of this paper can also be found here.

2. The Bay Area Impact Investing Conference hosted by the Federal Reserve Bank of San Francisco is set for Tuesday,  May  7, 2013.

  • To highlight opportunities for impact investing in the Bay Area
  • To showcase some earlier success stories of impact investing in Bay Area
  • To discuss the State of the Bay and its long term investment needs in order to remain competitive, innovative and thriving
  • To present both opportunities and challenges to funding and investing for positive social impact and efficient, sustainable resource management while earning investment returns that meet fiduciary standards.

3. Call to Action:  Let’s develop the Bay Area Impact Investing Initiative

  • To build an understanding of the role of impact investing in the Bay Area
  • To assess past, present and future opportunities in Bay Area impact investing
  • To act as an educator /collaborator to pursue unique opportunities for impact investing in the San Francisco Bay Area
  • Develop a communications program to educate and enable impact investing in the Bay Area
  • Step 1: build Advisory Board and membership

For more information contact laurynagnew@sealcovefinancial.com.

Research Study: “Impact Investing for Small, Place-Based Fiduciaries”

Lauryn’s research study for the United Way of the Bay Area, “Impact Investing for Small, Place-Based Fiduciaries” has been posted as a working paper at the Federal Reserve Bank of San Francisco website. The research describes a process to build an investment portfolio that aligns the investments with the mission without sacrificing fiduciary duty or investment performance.

You can download the paper here or view it on the Federal Reserve’s website.

Impact Investing for Small, Place-Based Fiduciaries

Welcome!

Lauryn Agnew serves as a resource to non-profit organizations for investment consulting services, provides fiduciary education and trustee training for public fund and non-profit board and committee members, and offers strategic marketing analysis and asset gathering for firms with specialized investment strategies.

Non-profit organizations and public funds in the San Francisco Bay Area have benefitted from Lauryn Agnew’s expertise in policy development, asset allocation, manager selection and portfolio monitoring. Trustee training and fiduciary education are critical to effective board action, and Seal Cove Financial addresses investment and fiduciary issues with boards and committee members. Investment advisory clients have included traditional equity, fixed income and balanced managers, as well as hedge funds, family offices and fund of funds.

The predecessor firm to Seal Cove Financial, L.A.B. Consulting, was formed in 1994 in Moss Beach, California, in the neighborhood known as Seal Cove located on the Fitzgerald Marine Reserve, about twenty five miles south of San Francisco.