The Market Makers | November 26, 2024

Rickke Mananzala: Driving bottom-up change in New York with impact investments and grants

Isaac Silk
ImpactAlpha Editor

Isaac Silk

Driving bottom-up change in New York with impact investments and grants (video podcast). In the early 2000s, Rickke Mananzala was a young community organizer working on racial, economic, gender justice and LGBT issues in New York City. He didn’t know much about philanthropy, but was struck by a positive meeting with a grantmaker from the New York Foundation. “I felt like they really believed in us, really trusted us as young People of Color, that they trusted our vision for change,” he recounts on The Market Makers, the newest show on the ImpactAlpha Podcast Network.

Twenty years later, Mananzala is president of the New York Foundation and is working to shift the 125-year old institution’s $100 million endowment towards impact investing, he tells podcast hosts Lenore Champagne Beirne of Bright Ventures and Troy Duffie of the Milken Institute. “I want to make our investments feel like our grant making.”