No longer is investing in privately-owned companies reserved for the wealthy. Now, anyone, anywhere can harness philanthropic capital to make an investment in Chloe Capital’s impact fund. The fund focuses on investing in women-led companies with diverse leadership teams. Chloe Capital will now accept contributions from individuals, families and foundations who create a Donor Advised Fund with ImpactAssets. All investments under this model are irrevocable and tax-deductible contributions.
Despite recent progress, the U.S. VC Female Founders Dashboard by Pitchbook still shows that less than 2 percent of venture capital in the U.S. goes to female founders. Further reports reveal that African American female founders receive just .2 percent of U.S. funding.
“The lack of funding to female founders is baffling, especially when study after study shows that women-led companies generate more sales, exit faster and produce greater returns for investors,” said Chloe Capital co-founder and partner Kathryn Cartini. “Chloe Capital’s new approach to investing allows anyone to do well by doing good. Investing in startups is no longer reserved for the 1 percent!”
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Donor Advised Fund sponsor
ImpactAssets, a Donor Advised Fund sponsor, is the leading impact investing partner for philanthropists who take on the world’s greatest challenges by investing in the world’s brightest ideas. Custom Investments, available through the ImpactAssets Donor Advised Fund, offer a personalized impact investing experience. Donors can directly invest in Chloe Capital’s impact fund and leave the complexities of handling investment execution, custody, monitoring and servicing issues to ImpactAssets.
“This exciting opportunity provides donors with various benefits, including tax advantages, and a way to maximize their charitable contributions. Returns from Chloe Capital can either be reinvested into our impact fund or recycled for future granting into other charitable causes,” said Elisa Miller-Out, Chloe Capital co-founder and managing partner.
Contributions can happen all year-round. To receive a tax deduction in 2020, you must make a custom investment prior to December 31. Donors will also be able to track their investment online through ImpactAssets’ Donor Portal.