IN THIS POST
Dear supporters,
As RIIF marks five years of operations — having provided over $10 million in financing to our portfolio companies — we are proud to see resilient business models adapting to evolving market conditions while making intentional investments in job quality.
From 2023 to 2024, RIIF portfolio companies demonstrated strong momentum:
- Employment grew by 22%
- Average wages paid to participants increased by 8%
- Employees transitioning to their next job from RIIF-backed businesses saw an average wage increase of 11%
These outcomes, highlighted in our Impact Report, show the power of inclusive employment models and the role of loan capital in driving quality job creation.
We’re deeply grateful for your continued partnership and support. Together, we are proving that inclusive employment isn’t just impactful — it’s investable.
Sincerely,
Carrie McKellogg
CEO
REDF Impact Investing Fund
2024 Impact Report: Expanding Capital, Growing Impact
In 2024, RIIF continued closing the capital gap for employment social enterprises nationwide — reaching more borrowers across 20 states and D.C., driving record employment outcomes, and advancing measurable gains in wage growth and job quality.
Explore more highlights by clicking the link below.
Ford Foundation and RIIF Launch New Initiative
The Ford Foundation and RIIF are launching a $5 million initiative to put investment capital directly in the hands of local students, the next generation of Appalachian investors.
Through the Appalachian Emerging Investors Fund, students at Marshall University, WVU, and Ohio University will gain hands-on experience in venture investing — fueling local businesses, supporting economic growth, and shaping the future of their communities.
This initiative is about trusting and equipping the next generation of Appalachian leaders with the right tools and resources to build a sustainable, community-driven economy in Appalachia.
First Loan Closed Under the Growth & Mobility Fund: Kitchens for Good
Kitchens for Good (KFG) bridges the gap between the needs of individuals overcoming barriers to employment and opportunities in San Diego’s robust hospitality industry.
This month, Kitchens for Good received a new $1 million line of credit from RIIF’s Growth & Mobility Fund, which will help them bridge the timing gap between grant expenses and reimbursements — fueling continued growth and a major new contract with San Diego County.
RIIF Named to ImpactAssets 50
RIIF has again been named to the 2025 ImpactAssets 50 as an Emerging Impact Manager.
IA 50 remains the most comprehensive resource for identifying best-in-class impact fund managers, offering investors a rigorously curated and publicly accessible database to explore the industry’s leaders across the full range of investment types.
We’re honored to stand alongside this powerhouse group of impact investors driving real change.
