ImpactAlpha, April 5 – The $250 million Coastal Community Foundation in Charleston, S.C. has earmarked $3 million for impact investments in education, access to economic opportunity and “affordable places and inclusive spaces” in South Carolina’s coastal communities.
- Debt and equity… The foundation is looking for deals between $50,000 and $600,000, and can do debt-guarantees as well.
- Anchor institutions… Coastal Community Foundation joins a growing number of community foundations launching impact initiatives to boost their local impact.
The foundation has provided grants for Hurricane Matthew disaster response. After the 2015 mass shooting at a Charleston church, the foundation’s Lowcountry Unity Fund targeted economic inequality and racism against South Carolina’s black communities.