Black Led Power Building



Investment Strategy – Carveout Investments

In 2017, the Foundation board allocated a carveout that aimed to align more deeply its programmatic and grantmaking goals and to serve a catalytic role in advancing its mission within the investment space. This portfolio utilized a hybrid approach focused on private and public investments such as cooperatively owned and stewarded land and real estate projects, community-controlled institutions, and investments in community-led loans, funds, and renewable energy. Grove invested in companies and helped launch funds to support reproductive health, immigration, economic inclusion, and climate justice, with a focus on Black, Indigenous, and Immigrant communities. A list of some of our carveout investments is below: