The mission of the Anacostia Social Impact Fund is to promote and protect social impact enterprises based in the District of Columbia and nascent and developing businesses owned by low- and moderate-income D.C. residents.
Our goals are to serve our local community and the Georgetown student body, by affording each with unique opportunities to strengthen D.C. residents’ businesses and enhance Georgetown students’ impact on the community.
How It Works:
The Fund is a 501(c)3 nonprofit organization registered in the District of Columbia, financed entirely by the generosity of individuals and (potentially) foundations who are committed to our ideal of financial empowerment. The Fund is managed and staffed by an Executive Committee comprised of Georgetown University graduate students who choose to commit their time without compensation.
Advised by selected high profile individuals in the D.C. community and by Business for Impact, an initiative of the McDonough School of Business (MSB), the Fund will lend money at an interest rate comparable to bank-underwritten business loans made to established for-profit entities. The lending facilities will be organized to serve two populations: social impact enterprises based in the District of Columbia and nascent and developing businesses owned by low- and moderate-income D.C. residents.
To learn more about the Anacostia Social Impact Fund, please visit their website (coming soon) or reach out to Colin Sollitt, founder of the Fund and MBA21 candidate, at firstname.lastname@example.org.