Impact Management | June 10, 2019

Early money is like yeast for social enterprises and impact, too

Dennis Price
ImpactAlpha Editor

Dennis Price

ImpactAlpha, June 10 – For a dozen years, Halloran Philanthropies has been building the field of social impact investing with both grants and investments. Now, the Philadelphia-based foundation has rounded up its portfolio and the impact of its $51 million in grants and investments to promote social and economic empowerment around the globe.

The creation of Philadelphia native Harry Halloran, CEO of American Refining Group as well as Energy Unlimited Inc., is led by Tony Carr; the team includes Audrey Selian and Dermot Murphy. Highlights from Halloran’s 2007-2018 impact report:

  • Early money and early stage. Halloran was among the earliest money into impact funds and vehicles including Adobe Capital, Inversor Fund, The Social Entrepreneurs Fund and KIVA. Young social enterprises the philanthropy has backed include Frogtek, Clinicas del Azúcar, Revolution Foods and Wash Cycle Laundry;
  • Acceleration. Halloran has backed more than 30 accelerators around the world including Village Capital, Echoing Green, William James Foundation, Unreasonable and Ashoka.
  • Industry Infrastructure. Halloran was among the first funders of B Lab, SOCAP, multiple Impact Hubs, Watson Institute, ImpactPHL, London’s Social Stock Exchange and the Latin America Impact Investing Forum, or FLII. Halloran sponsored ImpactAlpha’s Agent of Impact event at this year’s FLII in Mérida, Mexico.