Creating Equity and Opportunity
TCFMIC is a subsidiary of The Community Foundation for Greater New Haven that invests in people, ideas and businesses to create economic empowerment and mobility in the 20 town region of Greater New Haven. TCFMIC actively pursues investments to reduce inequalities through creative and innovative financial instruments and engagement strategies customized to meet the needs of the local environment.
Underserved Entrepreneurs, Small Businesses, Start Ups
Who We Serve
TCFMIC serves entrepreneurs, start-ups, existing businesses and organizations that encounter structural and financial barriers and who may not fit conventional financing profiles. TCFMIC has a priority for working with Black, Brown, women, immigrant and formerly incarcerated entrepreneurs in Greater New Haven.
Experienced Leadership and Management
The Community Foundation Mission Investments Company (TCFMIC) is a wholly-owned subsidiary of The Community Foundation led by a board and supported by a staff with decades of experience in finance, business, and philanthropy and passion for the Greater New Haven community.
TCFMIC Board of Directors
A History of Impact
The Community Foundation has a long history of raising and deploying capital resources through impact investments to meet the needs of the community.
1980s
The concept of using private investing for social good began in the 1980s, when the Council on Foundations’ report on Socially Responsible Investing (SRI) identified non-traditional ways to achieve programmatic purposes.
The development of the new Community Foundation Building in 1989 as an anchor for the Audubon Arts District was one if its first investments of this kind.
1990s Strategic Development
Board reviews and contemplates information from the Council on Foundations’ SRI study. Policy formalized in 1999, and a segregated mutual fund was established to and managed with a SRI strategy.
2000-2016 Impact Investing
The Foundation tested new ways to invest with impact. It created more equitable opportunities for people who would not have funding access and developed new ways to satisfy donor intent.
Investment Highlights:
2005 - Mutual Housing and Neighborhood Housing
2007 - Greater New Haven Community Loan Fund
2010 - The Greater Dwight Investment Corp., which worked with community organizations to develop a shopping plaza and bring a grocery store to a food desert
2012 - New Haven Teacher’s Home Ownership Program, in partnership with New Haven Investment Fund
2014-2016 - Multiple investments including: Neighborhood Music School, FreshBev, and Fitscript.
2017 - Present TCFMIC
2017 - The Foundation created TCFMIC as a wholly owned subsidiary to carry out its mission investing under a new strategic direction to create an ecosystem that supports diverse entrepreneurs, community groups and organizations that promote inclusive growth.
2020 - TCFMIC launches Partnership Loan Program for Minority and Women Owned Businesses in Greater New Haven
2020 - TCFMIC launches New Haven Equitable Entrepreneurship Ecosystem NHE3.
2023- e3connector.com launched to connect small business owners and entrepreneurs with the financial resources and technical support services.
How Can We Help?
A.F. Drew Alden
President & CEO
The Community Foundation Mission Investments Company
phone: 203-777-7061
Arthur W. Thomas III
Director of Mission Investing and Entrepreneurial Ecosystems
203-974-1651
Joseph W. Williams Jr.
Managing Director
The Community Foundation Mission Investments Company
203-974-1656
