Impact Investment Loan Program Update:

In 2020, Kalamazoo Community Foundation (KZCF) launched Impact Investment Loans with the goal of offering low-interest financing for programs and projects that make a high impact in Kalamazoo County.

Over the course of evaluating several rounds of loan applications, KZCF encountered several unforeseen challenges that stem from legal complexities, systemic issues in lending and our obligations as a community foundation. Within these restrictions, we have experienced limitations in the Impact Investment Loan product’s ability to accomplish its goals of supporting BIPOC-led organizations and creating trusting relationships with partners.

Because racial equity is vital to our work, we are currently taking a step back to review and revise our Impact Investment Loan policies to align them more closely with our vision, mission and priorities.

During this period of review and revision, we regret that we are unable to accept any new applications. We apologize for any difficulties this delay has caused and appreciate your patience while we intentionally redesign this work and find new ways to center equitable practices.

KZCF hopes to relaunch Impact Investment Loans in 2023 and will provide updates as they become available. Many thanks to our partners and the community for their support of this evolving body of work.