Impact Investing
In addition to our grantmaking, the Foundation participates in place-based mission related investing.
Foundation Investments Benefit Minnesota Communities
F. R. Bigelow Foundation uses the assets within our endowment to support our mission and benefit the community in a variety of ways. A commonly understood method is through grantmaking.
In addition to our grantmaking, the Foundation is putting the assets of the endowment to work through our mission related investment portfolio to achieve positive outcomes and the overall mission of the Foundation. The Foundation takes part in mission related investments (MRI) intended to benefit Minnesota communities. These are market-rate investments that generate a positive social impact. For example, the Foundation has invested in The Coven, Nice Healthcare, Tundra Ventures and Nova SP, an affordable housing project in Saint Paul.
Socially Responsible Investing
Our Investments team is committed to socially responsible investing by incorporating environmental, social and governance as well as DEI measures into our investments.
F. R. Bigelow Foundation Invests in Nice Healthcare
The Foundation has invested $500,000 in Nice Healthcare’s recently completed $30 million Series A financing. Nice Healthcare is a virtual and home-based primary care company. The Series A funding will expand Nice Healthcare’s delivery of services in Minnesota, the eastern region of the U.S. and in the 12 states where the company currently operates.
F. R. Bigelow Foundation Invests in Tundra Ventures
Tundra Ventures, a $15 million national venture capital fund focused on startups in technology, consumer packaged goods and health care, is anchored by a $1 million investment from F. R. Bigelow Foundation.
Learn About the Foundation’s Investment Opportunities
To learn more about the Foundation’s investment opportunities, contact Director of Community & Impact Investing Casey Shultz.