Climate Finance | June 8, 2023

The Russell Family Foundation launches Food for Climate Solutions grant program

Jessica Pothering
ImpactAlpha Editor

Jessica Pothering

ImpactAlpha, June 8 – The Russell Family Foundation has launched a grant program to fund organizations in western Washington state that are supporting farmers’ climate resilience and sustainable growing practices.

Nearly 90% of Washington’s farms are classified as small, but they account for less than 7% of the state’s agricultural revenues. 

The program is part of a new focus on “addressing the climate crisis while prioritizing equity, justice, and belonging in all that we do,” said TRFF’s Kathleen Simpson.

The program will focus on organizations working in communities of color and other underserved communities.

Climate focus

TRFF joined the Net Zero Asset Owner Alliance as part of its commitment to reaching net zero across its portfolio by 2030.

The $100 million foundation, which jumped into impact investing in 2004, says more than 95% of its investment portfolio is aligned with its programmatic goals.

“Reducing emissions throughout our entire nearly $80-million-dollar investment portfolio and seeking new investments in a carbon-free economy will help us reach these goals and contribute to a healthier, more resilient future,” the foundation said.