The foundation exists solely to serve a public purpose--makinginvestments that further the ability of people and communities to move out of poverty and thrive. This purpose guides not only the foundation's grantmaking, but the use of all of its resources, including investment capital, so that it can use them fully to contribute to the reduction of poverty, the widening of opportunity, and the improvement in material and social well-being for disadvantaged people and communities. The Heron investment policy reflects its intent to balance the social and financial return on all assets, and to select opportunities for deploying capital, whether as grants or as investments, so as to maximize the combination of both kinds of return within each. Heron's investing goal is to align 100 percent of its capital with its mission. Heron targets growth stage nonprofits and for-profits that will: 1) increase and maintain reliable employment, especially for people who are economically disadvantaged; 2) advance systemic innovations in the economy that will help individuals and communities succeed; 3) and result in net positive contributions to society. The foundation operates through a single capital deployment office, removing the traditional foundation's distinction between investing and grantmaking. Heron understands thatmoney alone is not enough for an enterprise to succeed, therefore the foundation primarily co-invests.Heron's Investment Approach: a) 100 percent of its assets for mission; b) Tax-status agnostic (for-profits and nonprofits); c) All forms of capital (debt, equity, grants, intellectual, etc.); and d) Growth-stage enterprises.
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