![Rows of green crops stretch across a flat field, with rolling hills and a partly cloudy sky in the background.](https://socialfinance.org/wp-content/uploads/2025/08/pexels-timmossholder-974314-1000x667.jpg")
Social Finance Impact First Fund Q2 2025 Report
The Social Finance Impact First Fund is pleased to share our Q2 2025 quarterly report, which covers Fund activity through June 30, 2025. The Impact First Fund is built to deliver flexible, risk-tolerant capital to innovative…
![Aerial view of a suburban neighborhood with rows of houses, cars parked along two parallel streets, and visible trees in yards.](https://socialfinance.org/wp-content/uploads/2025/06/Housing-1000x548.png")
![Aerial view of a suburban neighborhood with houses, lawns, and intersecting roads, surrounded by trees.](https://socialfinance.org/wp-content/uploads/2025/03/pexels-introspectivedsgn-9203764-1-1000x750.jpg")
![Aerial view of a residential neighborhood with houses, trees, and parked cars along a road.](https://socialfinance.org/wp-content/uploads/2025/02/daf-carveouts.png")
![A group of uniformed crew members poses in front of a large “M” logo on the deck of a ship under a clear blue sky.](https://socialfinance.org/wp-content/uploads/2025/05/processed-7812779A-6CF8-47AD-8EFE-6AC344874C09-1000x750.jpeg")
![Woman in a workshop holding a light, inspecting a car engine.](https://socialfinance.org/wp-content/uploads/2022/10/Female-auto-mechanic-of-color-with-flashlight-1000x667.jpeg")
![A person in a yellow hard hat and blue vest inspects solar panels under the bright Massachusetts sun, showcasing how climate-conscious careers are vital for our sustainable future.](https://socialfinance.org/wp-content/uploads/2024/11/Solar-panel-clean-energy-worker-1000x667.jpeg")
![Four people stand side by side, smiling, all wearing matching black "AI Learning and Innovation Hub" t-shirts, in a modern indoor setting with armchairs and a wooden floor.](https://socialfinance.org/wp-content/uploads/2025/08/GitLab-Foundation-Demo-Day-AI-Hub-Team-e1755179525566-1000x652.jpg")
![A professional woman smiles in a circular photo. Text reads: "Social Finance in TIME: Cutting Costs Alone Won’t Make Government More Efficient. Tracy Palandjian.](https://socialfinance.org/wp-content/uploads/2025/02/Leah-4-e1738858546881-1000x588.png")
![Tracy Palandjian and Jake Segal in Vital City: "Confronting Radical Uncertainty."](https://socialfinance.org/wp-content/uploads/2024/03/Vital-City-website-graphic-1000x673.png")
![Book cover with the title "Workforce Realigned Volume Two: New Incentives for Improving Workforce Outcomes" on a blue background with a pattern of circles and diagonal yellow lines.](https://socialfinance.org/wp-content/uploads/2025/07/thumbnail_image.png")
![Raj Chetty gestures while speaking at the Social Finance Institute Launch event](https://socialfinance.org/wp-content/uploads/2024/04/SFI-launch-raj-chetty-1000x667.jpg")
![Don Graham smiles while standing at a podium at the Social Finance Institute launch event, holding papers and wearing a red tie. flags and a projection screen are visible in the background.](https://socialfinance.org/wp-content/uploads/2024/04/4.10.24-Launch-Event-514-1000x667.jpg")