Rather than making a one-time payment to an organization, IMPACT Central Indiana investments support both for-profit and not-for-profit organizations that benefit the community and the economy. Think of it as recycling philanthropy. Social impact investments can earn interest and may return the initial investment and later be reinvested into future endeavors.
IMPACT Central Indiana is a multi-member LLC created by Central Indiana Community Foundation, Hamilton County Community Foundation, and the Indianapolis Foundation. Its goal is to facilitate social impact investments into businesses, funds, entrepreneurs and not-for-profit organizations that generate positive and measurable social impact in the community.
Future investment opportunities are being developed in the following areas:
Since 2016, Tube Factory artspace — a project of the 20-year-old nonprofit Big Car Collaborative — has become a cultural institution in the Garfield Park neighborhood.
In 2024, IMPACT Central Indiana contributed a bridge loan to the overall $9-million construction of a new contemporary art gallery and event space on the grounds of Tube Factory.
Indy Fresh Market is a full service grocery store located in what was previously a food desert. The store is a collaboration between COOK Medical, IMPACT Central Indiana, and other local and national partners. It is expected to have a one-time economic impact of $11.1 million, and an additional annual impact of $4.6 million in wages and benefits and related spending, according to a report from the Indiana University Public Policy Institute.