Ford Foundation Commits $3 million to Vital Healthcare Capital as part of White House Roundtable on Impact Investing
The Ford Foundation has committed a $3 million debt investment to Vital Healthcare Capital. The commitment is a “Program Related Investment” for the Foundation, to support V-Cap investments in high-quality healthcare and health-sector jobs throughout low-income communities in the United States. Ford included its commitment to V-Cap in its commitments to impact investing announced as part of the June 25th White House Roundtable on Impact Investing.
The Ford Foundation is committed to economic mobility and opportunity as demonstrated through the $3 million investment to Vital Healthcare Capital to provide quality healthcare and high-caliber health-sector jobs. This is a great example of an impact investment because this CDFI is demonstrating the viability of integrated care models that value frontline healthcare worker jobs. This is expected to support the creation or enhancement of at least 1,000 jobs accessible to residents of low-income communities in the United States.Xav Briggs,