The Catalytic Capital Consortium (C3), a partnership between MacArthur, The Rockefeller Foundation, and Omidyar Network, announced that its grantmaking program has awarded $1.2 million in grants to a group of leading impact investing networks. The funding will help increase the knowledge, awareness, and use of catalytic capital among a diverse set of investors globally, with a focus on identifying and spreading best practices.
C3 is a global initiative to help the impact investment field realize its full potential to create inclusive growth, achieve equity, improve health, fight climate change, and reach the United Nations’ Sustainable Development Goals. Together, MacArthur, Rockefeller, and Omidyar are jointly funding C3 Grantmaking, a program housed at the New Venture Fund.
Working with their investor communities, each other, and the field, the grantees will develop resources, host convenings, and work to strengthen and expand the use of catalytic capital throughout the global impact investment field.