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If you're looking for a way to give back to your community, there's a new investment vehicle out there that's more than willing to do just that.
It's called the Social Impact Fund, and it's the brainchild of Deborah La Franchi, founder and CEO of SDS Capital Group, which has more than $1.9 billion in assets under management, the Wall Street Journal reports.
The fund's stated goal is to make long-term investments in communities that "positively impacts low-income communities and people."
That means investing in things like education, health care, and infrastructure, as well as making long-term, long-term investments in people, the Journal notes.
La Franchi says she came up with the idea for the Social Impact Fund when she was looking for a way to give back to her church, which she attends.
"I was looking for a way to give back to the community in which I live," she tells the Journal.
"I don't have a lot of money, and I don't have a lot of friends, and I don't have a lot of resources."
So far, the fund has raised just shy of $1 million, the Journal notes, and La Franchi says she
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A part of a series produced by The Huffington Post in celebration of #GivingTuesday, which will take place this year on December 3, Kathy Calvin and Henry Timms vouch that we are living in a new era of philanthropy.
