Impact Investing Readiness Worksheet

1. Foundation Readiness Assessment

What is motivating your foundation to consider impact investing?

Who are your internal champions for impact investing?

Which of these foundation characteristics apply to you? We have identified community challenges that grants alone cannot solve Our board is open to learning about new approaches We have some financial/investment expertise on board or staff We're willing to start small with a pilot investment We have relationships with CDFIs or community development organizations

2. Capital Source Planning

What percentage of your endowment would you consider allocating to impact investments?

Less than 1% 1-5% 5-10% More than 10% Unsure - need board discussion

What concerns do you or your board have about impact investing?

How might you address these concerns?

3. Investment Strategy Exploration

Which types of impact investments interest your foundation? CDFI loans/notes (lower risk, easier to implement) Direct loans to nonprofits (bridge financing) Affordable housing investments Small business/entrepreneurship support Environmental/climate investments Food systems and agriculture Education facilities and programs Healthcare access initiatives Other:

What impact areas align most closely with your mission?

What investment terms would be acceptable? (e.g., return expectations, time horizon)

4. Capacity and Process Development

What resources and systems do you need to develop? Impact Investing Policy Statement Board education and buy-in Staff training or hiring Due diligence processes Legal and tax advisory relationships Investment tracking systems Impact measurement framework Relationships with CDFIs and intermediaries Template agreements and documentation

What is your timeline for making your first impact investment?

Within 6 months 6-12 months 1-2 years 2+ years Exploring with no set timeline

5. Learning from Georgia Case Studies

Which foundation's approach resonates most with your organization? Why?

What key lessons from the case studies apply to your foundation?

Which challenges faced by these foundations concern you most?

6. Next Steps Action Plan

What are your top 3 immediate action items?

Who needs to be involved in your impact investing journey?

What additional resources or support do you need?