REDF has evolved from a California-based funder working to build an emerging field to leading a national movement. In 2016, we set an exceptionally ambitious five-year goal―more than 50,000 people empowered with the support, skills, and jobs they need to build a better life. We are proud to have exceeded this goal one year early.
Thanks to the vision and generosity of our donors and funders, since our founding in 1997, REDF has supported the growth and success of over 200 employment social enterprises across 30 states and the District of Columbia. These mission-driven businesses break through barriers, change lives, and prove employment social enterprise is a model that works. Together, they have earned over $1.1 billion in revenue – and employed over 69,000 people and counting.
The depth of economic and social inequities in our country have been laid bare.
The time for proven, breakthrough solutions is now.
Employment social enterprise is an integral part of creating a more equitable society where all people can contribute their talents – so we’ve set our sights on a bigger, bolder goal. Beginning in 2021, building on a strong foundation of results, REDF will launch a new phase of work to further scale this high-impact, revenue-generating approach.
Over the next five years, we’ll deepen our investment in the supply of effective early and growth-stage employment social enterprises, accelerate their impact through capital investment and specialized business consulting, and catalyze demand for this cost-effective solution from the public sector and philanthropy.
Now is the time to take the employment social enterprise solution to scale. Join us!
The Annie E. Casey Foundation has made multi-year investments in REDF as a result of its laser focus on scaling high-quality employment-related social enterprises. REDF exemplifies what high-performing intermediaries can do by providing capital, specialized technical assistance and field-building networks to accelerate market-driven results for both nonprofits and workers.
Bob Giloth, Vice President, Center for Economic OpportunityThe Annie E. Casey Foundation
The James Irvine Foundation is proud to be in partnership with REDF as part of our Better Careers Initiative. The social enterprises REDF invests in are exemplars that other employers are learning from as they open their doors to hiring and promoting the workforce of the future.
Kelley D. Gulley, Initiative DirectorThe James Irvine Foundation
Many people of color and other disadvantaged Americans were systemically prevented from fully participating in the “American Dream” for centuries. The social enterprises supported by REDF, and its loan fund RIIF (the REDF Impact Investing Fund) help them break through those barriers through job training and enterprise development. As a business leader who believes in the power of an inclusive economy, I consider it a privilege and sound social investment to financially support REDF’s work, and I encourage others to do the same.
Lewis Byrd, REDF Board Member
REDF has an impressive track record of working with social enterprises to improve outcomes for people living with barriers to employment—as well as for the communities in which they live and work.
Stacey Faella, Executive DirectorWoodcock Foundation
REDF’s success in strengthening pathways to obtaining and retaining employment for people overcoming great adversity not only improves health outcomes, it brings hope and a sense of belonging to people when they need it most.
Judy Belk, President and CEOThe California Wellness Foundation