Small logo Subscribe to leading news on impact investing. Learn More
The Brief Originals Dealflow Signals The Impact Alpha Impact Voices Podcasts Agents of Impact Open
What's Next Measure Better Investing in Racial Equity Beyond Trade-offs Impact en las Americas New Revivalists
Local and Inclusive Climate Finance Catalytic Capital Capital on the Frontier Best Practices Geographies
Slack Conference Calls Events Contribute
The Archive ImpactSpace The Accelerator Selection Tool Network Map
About Us FAQ Calendar Pricing and Payment Policy Privacy Policy Terms of Service Agreement Contact Us
Locavesting Entrepreneurship Gender Smart Return on Inclusion Good Jobs Creative economy Opportunity Zones Investing in place Housing New Schooled Well Being People on the Move Faith and investing Inclusive Fintech
Clean Energy Farmer Finance Soil Wealth Conservation Finance Financing Fish
Innovative Finance
Personal Finance Impact Management
Africa Asia Europe Latin America Middle East Oceania/Australia China Canada India United Kingdom United States
Subscribe
Features
Series
Themes
Community
Data
Subscribe Log In
More

GoATL fund backs LIIF’s charter school finance program in Atlanta



ImpactAlpha, April 23 – The impact investment fund of Community Foundation for Greater Atlanta put $1 million into the Low Income Investment Fund to create a financing vehicle for earlier stage charter schools in Atlanta’s lower income communities. The U.S. Department of Education also provided funding.

“Throughout the nation and many parts of metro Atlanta, children of low-income families are attending poorly performing schools,”  said Mark Crosswell of the Community Foundation. “At the same time, mission-driven charter schools can’t find the capital to launch in these markets.” 

LIIF is a national leader in charter school financing, with $680 million invested through December. The community development finance institution will partner with redefinED Atlanta, a local education organization, to assess the performance and potential of metro Atlanta schools.

GoATL Fund was launched last year with $10 million from the Community Foundation for Greater Atlanta and has made $4.25 million in flexible loans for community development, education, nonprofit effectiveness and well-being.  

You might also like...