REDF
REDF has invested in 266 social enterprises across 38 states and the District of Columbia over 25+ years, providing financial and intellectual capital through grants, impact investing, and capacity building.
History
REDF has been a prominent player in the social enterprise sector for over 25 years. Over this period, the organization has invested in 266 social enterprises across 38 states and the District of Columbia. REDF’s long-term commitment and investment strategies have significantly contributed to the field of employment social enterprises.
Programs
REDF operates a variety of programs to support social enterprises. The REDF Accelerator is designed to help social enterprises scale and improve their impact. The LA:RISE program collaborates with 39 partners across Los Angeles County to provide transitional employment opportunities for over 7,500 individuals. The Farber Program has introduced over 200 MBA students to the employment social enterprise field.
Services
REDF offers comprehensive support including financial and intellectual capital. Their financial services include grants and impact investing, particularly through their certified Community Development Financial Institution (CDFI). REDF’s capacity building services focus on business planning, program planning, fundraising, operations, and human capital, providing essential tools for social enterprises to thrive.
Impact and Performance Measurement
REDF places a strong emphasis on measurement and evaluation to assess the effectiveness of their initiatives. This includes the Mathematica Jobs Study and ongoing performance evaluations of social enterprises. Their REDFworkshop platform provides tools, best practices, and connections for social entrepreneurs to enhance their operations.
Diversity, Equity, and Inclusion (DEI)
REDF is committed to advancing racial equity and economic mobility through its DEI efforts. Their 2021-2025 strategic plan aims to increase investments in employment social enterprises led by people of color and individuals with lived experience. REDF’s social enterprises collectively aim to provide jobs, training, and support to individuals facing barriers such as homelessness, justice system involvement, and mental health challenges.