Popular on Amzeal
- purelyIV Launches Take-Home B12 Kit to Support Wellness Between IV Therapy Sessions - 134
- Media Coding Industry Forum Showcases Latest Versatile Video Coding Use Case Demonstrations at NAB 2025 - 133
- FreezeNit Announces Exclusive Licensing of Novel Non-Toxic Lice Treatment Technology
- Retirement Income Specialist Daniel Rondberg Joins Tom Hegna on the Exciting New Season of "Financial Freedom with Tom Hegna"
- Tec-Masters to Support In-Space Testing of Honda Regenerative Fuel Cell Technology on the International Space Station
- Homage USA Combines Design and Strategy to Help Brands Thrive in the Digital Age
- North American Security Launches New Website to Reflect Evolving Industry Demands and Client-Centered Solutions
- Guests Can Save 20 Percent on a Florida Keys Vacation Home Rental with KeysCaribbean's 'Last-Minute Booking Discount'
- Ax3.ai Partners with Matrice.ai to Enable Global Expansion of AI-Powered Computer Vision on Ax3's GPU Network
- Blaming Patients: How Failed Treatments Fuel a $51 Billion Brain Device Industry
Similar on Amzeal
- Keenan's Caring Konnections, LLC
- People & Stories/Gente y Cuentos Announces New Board Leadership & Corporate Partnership Initiative
- K2 Integrity and Sonata One Partner to Accelerate Capital Raising, Reduce Risk, and Deliver Scalable Advisory Services for Private Fund Managers
- Coming Up on "Financial Freedom with Tom Hegna" Financial Expert Parker Faulkner
- Kemeny, Ramp & Renaud, LLC Welcomes Prominent Trusts and Estates Attorney Gary B. Cornick to Its Firm
- CCHR Florida to Host a Veteran Advocates Networking Event
- Electives Appoints DraftKings' CPO Linda Aiello to Board Amid Record Quarter
- Blue Ocean Business School's Deputy Dean Delivers Keynote Address at India Blockchain Summit
- AdvisorVault's Consolidated 17a-4 D3P Service® Full Feature Set Available
- Co-Creating the Future of ePaper: ZKONG and E Ink at Touch Taiwan 2025
Introducing The RUNWAY ROOTED Fund: A National Reparative Finance Fund Empowering Black Communities
Amzeal News/10562896
Nonprofit financial innovation firm RUNWAY commits to raising $50 million in integrated capital for Black communities across the country
CHICAGO - Amzeal -- RUNWAY announces the launch of its first in-house integrated capital investment fund committed to investing $50 million into businesses, co-operatives, and grassroots organizations building wealth in Black communities in select regions* across the United States.
The RUNWAY ROOTED Fund (The Fund) represents a departure from conventional investing paradigms. It is a model for reparative finance. It serves as a vessel of restitution, a mechanism of revitalization, and a runway for transformative shifts in finance to close the racial wealth gap.
The racial wealth gap is a systemic issue rooted in the history of enslavement, discriminatory laws, and racist bank policies and practices. To redress the ever-widening wealth disparity, we need a truly radical and restorative approach to supporting businesses in Black communities. If the racial wealth gap is not addressed, the median wealth of Black Americans is projected to fall to zero by 2053, while median white household wealth will climb to $137,000. (Source: Prosperity Now).
Enter RUNWAY ROOTED. The $50 million Fund launches with nearly $6 million already secured from dedicated financial institutions, investors and philanthropic funders, including BUILDERS, The No Regrets Initiative and The Kataly Foundation. This work is possible through collaborative investments from values-aligned investors, funders, and partners to provide holistic, reparative financing and advising to a national portfolio of businesses.
More on Amzeal News
RUNWAY CEO & Founder Jessica Norwood says, "For too long, the racial wealth gap has persisted, fueled by systemic injustices that trace back to our nation's dark history of enslavement and discriminatory policies. The RUNWAY ROOTED Fund is not just an investment opportunity; it's a beacon of hope and a clarion call for change. This is the path forward."
The Kataly Foundation is an early investor of the organization's integrated capital investment fund. Lynne Hoey, Chief Investment Officer of The Kataly Foundation states, "We are proud to be an early investor in the RUNWAY ROOTED Fund, supporting businesses, co-operatives, and grassroots organizations that are building wealth and fostering resilience in Black communities. If we fail to act now, the median wealth of Black Americans is projected to plummet to zero by 2053, while median white household wealth continues to soar. This is not just unacceptable; it's a moral imperative to act. By supporting this transformative initiative, The Kataly Foundation is taking a stand for justice and equity in finance."
RUNWAY is where restorative capital meets community. Its mission is to close the racial wealth gap by supporting funding for businesses in Black communities. Since its founding in 2017, RUNWAY has supported the distribution of $3.3 million in holistic, repair-centered funding to more than 50 businesses in California and Massachusetts that have since generated $15 million in revenue. Initiatives include The Friends & Family Fund in Oakland and Boston, and The Real People's Fund in the Oakland/East Bay community–all of which feature financial innovation such as non-extractive terms, trust-and character based underwriting.
Nina Robinson, RUNWAY National Fund Director, explains: "We are in the business of transforming the culture, practices, and policies of financial institutions, investors, and lenders to cultivate equitable outcomes for Black communities across the United States. Our holistic approach unifies business owners, investors, community partners, and policy makers to build truly transformational economic solutions that inspire self-determination, and build community wealth and power in Black communities.
More on Amzeal News
The RUNWAY ROOTED Fund also made it to this year's The Transformative 25 (T25) list, which recognizes funds, banks, and initiatives that represent the next generation of impact investing. The T25 funds and initiatives go beyond the limitations of traditional approaches to advance emerging impact frameworks in the fields of finance and investing. Learn more at https://rootedfund.family.
*RUNWAY supports select geographic areas in which Black people comprise at least 20 percent of the population. The Fund will invest in businesses without regard to the race of the business owners or leadership in these select regions.
###
About RUNWAY
RUNWAY is where restorative capital meets community. We are a financial innovation firm committed to reimagining the financial policies and practices that hold systemic barriers in place - all in the name of Black liberation.
Since 2017, our portfolio has distributed $1.62 million in holistic, repair-centered funding to more than 40 Black businesses in California and Massachusetts that have since generated $15 million in revenue. Our innovative work includes The Friends & Family Fund in Oakland and Boston, The Real People's Fund in the Oakland/East Bay community, and most recently, The RUNWAY ROOTED Fund which is our first in-house, integrated capital fund committed to investing $50 million dollars into businesses, cooperatives, and social impact organizations that support the creator economy in Black communities across the U.S.
The RUNWAY ROOTED Fund (The Fund) represents a departure from conventional investing paradigms. It is a model for reparative finance. It serves as a vessel of restitution, a mechanism of revitalization, and a runway for transformative shifts in finance to close the racial wealth gap.
The racial wealth gap is a systemic issue rooted in the history of enslavement, discriminatory laws, and racist bank policies and practices. To redress the ever-widening wealth disparity, we need a truly radical and restorative approach to supporting businesses in Black communities. If the racial wealth gap is not addressed, the median wealth of Black Americans is projected to fall to zero by 2053, while median white household wealth will climb to $137,000. (Source: Prosperity Now).
Enter RUNWAY ROOTED. The $50 million Fund launches with nearly $6 million already secured from dedicated financial institutions, investors and philanthropic funders, including BUILDERS, The No Regrets Initiative and The Kataly Foundation. This work is possible through collaborative investments from values-aligned investors, funders, and partners to provide holistic, reparative financing and advising to a national portfolio of businesses.
More on Amzeal News
- Intersys Limited Launches Major Investment Initiative for IT Startups at DFDI Islamabad 2025
- PCnet Delivers Reliable Managed IT Services to Boost Business Efficiency
- Gateless X A16z Presents: Dinner & The Studio
- OpenSSL Technical Advisory Committee Elections Now Open – Cast Your Vote
- Chroma Sparks Student Innovation at UTA's 2025 Engineering Showcase
RUNWAY CEO & Founder Jessica Norwood says, "For too long, the racial wealth gap has persisted, fueled by systemic injustices that trace back to our nation's dark history of enslavement and discriminatory policies. The RUNWAY ROOTED Fund is not just an investment opportunity; it's a beacon of hope and a clarion call for change. This is the path forward."
The Kataly Foundation is an early investor of the organization's integrated capital investment fund. Lynne Hoey, Chief Investment Officer of The Kataly Foundation states, "We are proud to be an early investor in the RUNWAY ROOTED Fund, supporting businesses, co-operatives, and grassroots organizations that are building wealth and fostering resilience in Black communities. If we fail to act now, the median wealth of Black Americans is projected to plummet to zero by 2053, while median white household wealth continues to soar. This is not just unacceptable; it's a moral imperative to act. By supporting this transformative initiative, The Kataly Foundation is taking a stand for justice and equity in finance."
RUNWAY is where restorative capital meets community. Its mission is to close the racial wealth gap by supporting funding for businesses in Black communities. Since its founding in 2017, RUNWAY has supported the distribution of $3.3 million in holistic, repair-centered funding to more than 50 businesses in California and Massachusetts that have since generated $15 million in revenue. Initiatives include The Friends & Family Fund in Oakland and Boston, and The Real People's Fund in the Oakland/East Bay community–all of which feature financial innovation such as non-extractive terms, trust-and character based underwriting.
Nina Robinson, RUNWAY National Fund Director, explains: "We are in the business of transforming the culture, practices, and policies of financial institutions, investors, and lenders to cultivate equitable outcomes for Black communities across the United States. Our holistic approach unifies business owners, investors, community partners, and policy makers to build truly transformational economic solutions that inspire self-determination, and build community wealth and power in Black communities.
More on Amzeal News
- Axiros Confirms Continued Compliance with ISO/IEC 27001:2022 After Surveillance Audit
- Twitter's Buzzing! What's the Deal with PhotoG, the AI Everyone's Talking About?
- New WHO Mental Health Guidelines Condemn Coercive Psychiatry
- Keenan's Caring Konnections, LLC
- Celebrate Children's Day in Tochigi City!
The RUNWAY ROOTED Fund also made it to this year's The Transformative 25 (T25) list, which recognizes funds, banks, and initiatives that represent the next generation of impact investing. The T25 funds and initiatives go beyond the limitations of traditional approaches to advance emerging impact frameworks in the fields of finance and investing. Learn more at https://rootedfund.family.
*RUNWAY supports select geographic areas in which Black people comprise at least 20 percent of the population. The Fund will invest in businesses without regard to the race of the business owners or leadership in these select regions.
###
About RUNWAY
RUNWAY is where restorative capital meets community. We are a financial innovation firm committed to reimagining the financial policies and practices that hold systemic barriers in place - all in the name of Black liberation.
Since 2017, our portfolio has distributed $1.62 million in holistic, repair-centered funding to more than 40 Black businesses in California and Massachusetts that have since generated $15 million in revenue. Our innovative work includes The Friends & Family Fund in Oakland and Boston, The Real People's Fund in the Oakland/East Bay community, and most recently, The RUNWAY ROOTED Fund which is our first in-house, integrated capital fund committed to investing $50 million dollars into businesses, cooperatives, and social impact organizations that support the creator economy in Black communities across the U.S.
Source: RUNWAY
0 Comments
Latest on Amzeal News
- Stout Surpasses 60,000 Acres and 3 Billion Plants Scanned
- OpsVeda Announces Launch of TariffSight, the World's First Comprehensive Platform to Address Tariff-Driven Challenges
- MAJOR New release of Krypto500 (ELF-HF) Sigint - COMINT software
- New Build-to-Suit VA Medical Office Facility Coming to Highland Heights, KY
- Blue Fox Group Helps Businesses Take Control of IT Costs with Managed Services
- Blue Fox Group Delivers Reliable Managed IT Services for Phoenix Businesses
- Fairfield Inn by Marriott Scottsdale Old Town Opens
- INSPIRE Northwest™ A Premier Marketing and Communication Event
- Twin Protocol Revolutionizes AI with Self-Service AI Twin Platform & Twin Studio
- Zorzal Inversiones Tecnológicas completed a purchase of shares of Arkano Software
- Fast Lane Awarded Fortinet 2025 ATC Silver Winner - Outstanding Achievement in Business Growth
- Norvell Jefferson publishes HIMSS25 trend report on AI, interoperability, and trust in healthcare
- Class Composer Wins at FETC Pitchfest for Edtech Innovation
- Rezliant AI Emerges & Merges With Resilient Software Security & Launches All-In-One Suite That Cuts Triage 40%, So Teams Focus On Dev & Real Threats
- Okika Devices Acquires Anadigm Corp
- Pelican Reef Group Announces Grand Opening of New High Point Showroom – IHFC Building H-621 & Event April 27th, 2025
- A Revolutionary Tool Designed to Help B2B Sales Teams Sell More, Faster
- Transforming Safety Standards: The Innovation That Can Save Thousands of Lives
- NaturismRE Launches the 11 Levels of Naturism: A Groundbreaking Framework Guiding the Global Naturist Journey
- K2 Integrity and Sonata One Partner to Accelerate Capital Raising, Reduce Risk, and Deliver Scalable Advisory Services for Private Fund Managers