Cases and ExamplesCDFIs Integrating Racial Equity
Eight community development financial institutions (CDFIs) came together as a cohort to incorporate racial equity into their integrated frameworks of impact and financial risk and profitability in 2021 and 2022.
Three presented their approaches at the Opportunity Finance Network conferences in New York City in 2022 and in Washington DC in 2023.
Erika Seth Davies, Senior Advisor to Impact Frontiers and founder of the Racial Equity Asset Lab (REAL), co-facilitated the cohort and presented the REAL’s Racial Equity Assessment Framework at the conference.
Eliisa Frazier, Director of Racial Equity & Impact Lending, presented LIIF’s racial equity & impact scorecard and its integrated Impact-Risk-Profitability framework. You can learn more about LIIF’s approach by watching the recording of her presentation to the American Evaluation Association’s Social Impact Measurement group.
Laura Mixter, ESG & Impact Reporting Lead at LISC, presented LISC’s Impact Matrix as well as a draft integrated analysis of impact and profitability. You can learn more about LISC’s approach by downloading their white paper.
Kazandra Zelaya, Senior Data Analyst, Community Impact Assessment at Raza Development Fund (RDF), presented RDF’s Impact Scorecard.
Erika Seth Davies, founder of the Racial Equity Asset Lab (REAL) and CEO of Rhia Ventures, presented the REAL’s Racial Equity Assessment Framework, which CDFIs participating the cohort had the opportunity to pilot. You can learn more about the assessment on the REAL website.
Impact Frontiers partnered with the REAL to offer a downloadable racial equity rating template built on the Racial Equity Assessment Framework.