BOSTON IMPACT INITIATIVE FUND
JAMAICA PLAIN, MA · Community Improvement
Mission
FORM 990 - ORGANIZATION'S MISSION OR MOST SIGNIFICANT ACTIVITIESBOSTON IMPACT INITIATIVE (BII) IS A NONPROFIT IMPACT INVESTMENT FUND AND CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI). BII PROVIDES SMALL BUSINESSES, COOPERATIVES, COMMUNITY-CONTROLLED REAL ESTATE PROJECTS, AND IMPACT FUND MANAGERS WITH FAIR AND FLEXIBLE CAPITAL, EXPERT ADVISING, AND TRUSTED NETWORKS TO BUILD COMMUNITY OWNERSHIP, SHARED WEALTH, AND ECONOMIC POWER, PARTICULARLY IN COMMUNITIES OF COLOR IN MASSACHUSETTS AND NEW ENGLAND.
Financials (IRS Form 990)
Source: IRS Form 990, tax year 2024.
Who funds BOSTON IMPACT INITIATIVE FUND
$4.1M in foundation grants on record from 15 funders — from IRS 990 grant line items.
| Funder | Total given | Grants |
|---|---|---|
| Combined Jewish Philanthropies of Greater Boston | $223K | 2 |
| Boston Foundation | $207K | 6 |
| New Commonwealth Racial Equity and Social Justice Fund | $175K | 2 |
| Fidelity Investments Charitable Gift Fund | $160K | 3 |
| National Philanthropic Trust | $90K | 1 |
| Gs Donor Advised Philanthropy Fund for Wealth Management | $50K | 1 |
| Center for Cultural Innovation | $50K | 1 |
| Cambridge Community Foundation | $25K | 1 |
| Bessemer Giving Fund C/O Bessemer Trust Company Trustee | $25K | 1 |
| National Association for Latino Community Asset Builders | $15K | 1 |
Leadership
BETTY FRANCISCO — CEO (Principal officer)
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