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18Oct
Everyday Heroes: Impact Investing Stories from the Field
8:00 AM - 11:59 PM Commons on Champa
Date: October 18, 2018 to October 18, 2018
Where: Commons on Champa, 1245 Champa Street, Denver, Colorado, United States
Phone: N/A
Event Type:
Ticket Price: N/A
Dr. Stephanie Gripne will interview Janice and Michael about their investment and lending strategies in Colorado social ventures. With the guidance and educational support of the Impact Finance Center, the Kenneth King Foundation learned about how private foundations can make loans and equity investments to both nonprofits and for profits using Program Related Investments (PRIs). Kenneth King has made several PRIs include two to Colorado Lending Source, a non-profit economic development organization, that then lends the money out to entrepreneurs, women-led businesses, and millennials. One of their favorite stories is that of Katherine Homes, an artist and musician who was seeking a small loan for her women-owned business. is; When Katherine started putting her artwork on ‘hats' and selling them at festivals, people liked them and she realized a business opportunity. Enabled by Kenneth King Foundation's PRI, Colorado Lending Source helped Katherine with the loan application and business plan. The loan was awarded, she went to more and more festivals and grew, eventually winning the Outdoor Retailers Conference Award for Sustainable Business and receiving large orders from retailers. About Kenneth King Foundation and Janice Fritsch Kenneth King Foundation's mission is to support organizations that provide basic needs, create jobs, and foster entrepreneurialism. Janice Fritsch, president of the Kenneth King Foundation, has been with the Foundation since 2002. She is responsible for implementing the Foundation's grantmaking strategy and daily operations, and she is a member of the Foundation's investment committee. Janice serves on the Colorado Nonprofit Loan Fund Board. In the past, Janice served on the Dean's Advisory Group for the College of Liberal Arts and Sciences at the University of Colorado, Denver; Auraria Library's Center for Colorado; the West Advisory Board; and has been an advisory board member for the Global Livingston Institute. Janice earned her B.A. i