Restorative Investing Task Force
“The system is not broke. The system has an intentional design to keep marginalized communities down and extract from them” Rodney Foxworth, CEO of Common Future
The Restorative Investing Task Force is a group committed to overcome systemic racism through restorative access to capital. It seeks to share knowledge and learning to try to fill the gap between traditional philanthropy and market return seeking impact investing. It is fundamentally a way of deploying capital with and to marginalised communities to address justice, equity, diversity and inclusion (JEDI), particularly to address the racial wealth gap (i.e. not just capital to BIPOC but that and more). It is inspired by the work of Nwamaka Agbo’s vision of Restorative Economics and builds upon the work and ideas generated by Rodney Foxworth, Common Future, and acknowledges Alfa Demmellash’s contributions to Restorative Investing.
The goal of the Task Force is to create a library of restorative / non-extractive case examples and to fund BIPOC Intermediaries, Funds and Entrepreneurs using restorative Investing practices.
This is meant to be a starting point for gathering and sharing information. We invite you to share this information with others and share your resources and restorative investing examples with us to include in this webpage;
This taskforce has been spearheaded and co-led by
All members of the Taskforce have agreed to the Shared Agreements
Restorative Investing Recordings
Case Example Library
Tanka Bar Case Example Restorative Investment - This case example outlines an equity investment into a Native-owned entity, using restorative terms and incorporating guiding principles that reflect the shared values of the partners.
It is with much gratitude that we thank Dawn Sherman, CEO of Native American Natural Foods, Tanka Bar, and Aner Ben-Ami, Co-founder of Candide Group, for creating this restorative model of investing and for agreeing to share their wisdom and term sheets for others to learn and emulate. And to Arno Hesse from his work at JEDI Collaborative Investor Task Force; the idea to write up this case study came from him.
Black Paper: Building Community Wealth/Shifting Power and Capital in Real Estate Finance- Inclusive Capital Collective (ICC) - this example focuses on centering racial equity in capital for real estate and outlines community practices and a capital stack that reflects restorative practices.
Black Paper #3 - Relationship-Based Lending: Driving Equity by Centering Trust in the Financial System - The Inclusive Capital Collective (ICC) recently published its latest Black Paper: Relationship-Based Lending: Driving equity by centering trust in the financial system. The ICC is an organization dedicated to overcoming systemic racism through equitable access to capital.
Co-authored by Sandhya Nakhasi, Managing Director of CCL & CF Investments, and Ryan Glasgo, VP of Investment Operations, the Black Paper explores the systemic problems that exist within the financial industry. When we look at wealth in the United States, disparities lie clearly along the lines of racial identity. Inequities in wealth reflect the multigenerational history of racially discriminatory behavior, practices, policies, and systems that denied and continue to deny wealth-building opportunities to Black people, Indigenous people, and People of Color.
To break the cycle of extraction and build a more equitable and sustainable financial system, we must reevaluate the premises on which our current financial system was built and how resources are shared within and across communities. Ultimately, understanding our collective power will help us build towards a more equitable financial system, a more just society, and a more sustainable planet.
Navajo Power – How Navajo Power & Candide Group got a deal done at half the cost, with twice the love/ Candide Group
Relationship Based Investing – The traditional 5C system (character, capital, conditions, capacity, and collateral) does not account for systemic oppression and economic exclusion. The 5 Rs of Relationship-based lending can help change that: relational, rooted, restorative, regenerative and revolutionary.
Restorative Investing Resources
Blogs/ Articles/ Podcasts
- Angels of Impact
- Articles by Candide
- Candide Newsletters
- Behind the scenes: building a character-based lending fund - A conversation with Eric Horvath, Common Future’s Director of Capital Strategies.
- Breaking the Funding Barriers – Breaking the Funding Bias | In conversation with Dr. Lisa Dacanay and Gail Wong on gender-lens investing- Madi Lommen | Angels of Impact
- Changing the way we lend money can help bridge the wealth gap in Native communities | Jamie Gloshay |Native Women Lead, May 2022
- Flexible and equitable financial tools for a more inclusive economy | Bill Stoddard| HomeStake Venture Partners, May, 2022
- How Impact Investing Can Chart an Equitable Way Forward for All Americans|Rodney Foxworth, August 15, 2008
- How Navajo Power & Candide Group got a deal done at half the cost, with twice the love| Candide Group
- Impact Investors and Philanthropists Perpetuate Systemic Racism: The Time To Change Has Come |Laina Greene, August, 2020
- Integrated Capital Investing – The Transformative 25 | by Jen Astone, Integrated Capital Investing
- Jenny Kassan
- Mission Driven Finance articles & blogs
- Morgan Simon Blogs
- Restorative Economics | Nwamaka Agbo
- Restorative Finance through “Beauty, Complexity and Relationships”|By Joshua Sheridan Fouts November, 2020
- Tackling marginalisation and oppression with restorative finance |Edmund Hillary Fellowship Impact Springboard virtual conference, Kataly Foundation CEO, Nwamaka Agbo, and The Connective Director, Rangimarie Price
- Next Economy Now: For the Benefit of All Life – LIFT Economy
- Restorative economics: Creating community benefits by shifting who owns and controls assets - Nwamaka Agbo of the San Francisco-based Kataly Foundation is re-imagining capital as a tool for justice and regenerative wealth-building to “build the type of community that we want to see.”
- The Reconstruction - Conversations with bright minds and problem solvers exploring the opportunity for systemic change in a time of great ferment, division and dislocation. Hosted by Monique Aiken. Produced by ImpactAlpha.
- Decolonizing Wealth by Edward Villanueva
- Decolonizing Wealth, Second Edition: Indigenous Wisdom to Heal Divides and Restore Balance by Edward Villanueva
- The Four Sacred Gifts: Indigenous Wisdom for Modern Times by Anita L. Sanchez
- Indigenomics: Taking a Seat at the Economic Table by Carol Anne Hilton
- Letting Go by Meg Massey and Ben Wrobel in partnership with Transform Finance
- Real Impact: The New Economics of Social Change by Morgan Simon
- Sustainable Impact: How Women Are Key to Ending Poverty by Laina Greene, Audrey Tan & Lizzy Hawkins
- Winners Take All: The Elite Charade of Changing the World by Anand Giridharadas
Task Force Members, Contributors & Panelists
- Nwamaka Agbo
- Angels of Main Street/Jenny Kassan
- Black Farmers Fund
- Cienega Capital
- Common Future
- Community Credit Lab
- Candide Group
- HomeStake Venture Partners
- J.E.D.I. Collaborative- Justice, Equity, Diversity and Inclusion
- Kataly Foundation
- Mission Driven Finance
- Native Women Lead
- Olimina Fund
- Potlikker Capital
- RSF Social Finance – Integrated Capital
- Raven Indigenous Capital Partners
- Roanhorse Consulting, LLC