![Slide with the title “Impact-First Investing: Matching Capital to Purpose,” opening remarks, and a portrait of Kirstin Hill.](https://socialfinance.org/wp-content/uploads/2026/09/WEBSITE-News-Insight-Thumbnail-5-1000x673.png")
Kirstin Hill on Impact-First Investing: Matching Capital to Purpose
Kirstin Hill provided opening remarks at the New York Federal Reserve Bank event Impact-First Investing: Matching Capital to Purpose.
Impact-First Investments
Insights
![Children play basketball and run in a schoolyard in front of a blue building with solar panels on the roof under a clear sky.](https://socialfinance.org/wp-content/uploads/2026/08/Solar_Panels_for_School-1000x563.jpg")
Social Finance Impact First Fund Q2 2026 Report
The Impact First Fund is built to deliver flexible, risk-tolerant capital to innovative business models advancing economic opportunity. It offers a simple, cost-effective way to invest in a professionally managed portfolio with a clear focus…
![Cover of the 2025 Annual Report for Social Finance, featuring three photos: a person outdoors, a woman with a child, and two people in an indoor setting.](https://socialfinance.org/wp-content/uploads/2026/08/WEBSITE-News-Insight-Thumbnail-2-1000x673.png")
Social Finance Impact First Fund 2025 Annual Report
This report includes an overview of the Fund's impact objectives and strategy, profiles of our portfolio investments and their 2025 impact highlights, and an update on Social Finance's field-building activities.
![Headshot of Stephen Vicinelli next to text discussing how impact-first investing can connect high earners who want to give money with communities in need, featured in Kiplinger’s Social Finance section.](https://socialfinance.org/wp-content/uploads/2026/07/13-1000x673.png")
Kiplinger: High Earners Want to Give Money and Communities Need It: Impact-First Investing Can Bridge the Gap
Donor-advised funds hold billions of dollars, but charitable organizations need money now. Impact-first investing can close the gap, and high-net-worth donors are interested. Why wait?
![Headshot of Kirstin Hill next to text about a Social Finance event titled "Beyond Payout: What Is Charitable Capital Doing Right Now?" hosted by The Center for Effective Philanthropy.](https://socialfinance.org/wp-content/uploads/2026/06/WEBSITE-News-Insight-Thumbnail-4-1000x673.png")
Center for Effective Philanthropy: Beyond Payout: What Is Charitable Capital Doing Right Now?
Responding to recent calls for increased foundation payout, Kirstin asks what philanthropic capital could do even before it is paid out.
![Two people sit across from each other at a table; one is holding a clipboard and pen, appearing to conduct an interview or consultation.](https://socialfinance.org/wp-content/uploads/2026/06/pexels-alex-green-5699475-1000x667-1-768x512-1.jpg")
Exploring the “Third Wallet”: A New Tool for Impact-First Investing
The Social Finance Institute and the Rustandy Center at Chicago Booth have launched the IFI Tool, a free interactive resource that helps philanthropic investors explore impact-first investing, a middle ground between traditional grants and market-rate…
From the Social Finance Institute
![Several modern and historic office buildings rise against a blue sky with scattered clouds.](https://socialfinance.org/wp-content/uploads/2026/05/pexels-brett-sayles-9472547-1000x665.jpg")
Social Finance Impact First Fund Q1 2026 Report
The Social Finance Impact First Fund is pleased to share our Q1 2026 quarterly report, which covers Fund activity through March 31, 2026. The Impact First Fund is built to deliver flexible, risk-tolerant capital to…
![A red harvester transfers crops to a tractor trailer in a field, with wind turbines in the background under a clear blue sky.](https://socialfinance.org/wp-content/uploads/2026/03/Insights-Photo-1000x673.png")
Webinar: Seeds of Change: Impact Investing for Regenerative Agriculture
Conventional agriculture remains a leading source of pollution, greenhouse gas emissions, and biodiversity loss, yet farmers seeking to transition to regenerative practices face significant capital gaps and inflexible financing. This webinar explored how impact investing…
![Two people sit on stage having a discussion with microphones at the Stone Social Impact Forum, with a large screen and flags in the background.](https://socialfinance.org/wp-content/uploads/2026/03/109A6370-1000x667.jpg")
Tracy Palandjian on Investing in Opportunity: A Conversation with David Rubenstein
Tracy Palandjian joined the Stone Social Impact Forum for a conversation with David Rubenstein at the Edward M. Kennedy Institute for the United States Senate on the role of finance in expanding economic opportunity and…