to finance the growth of impact enterprises throughout the Chicago region to:
in or for communities through economic development, growth of community assets, and support for community-based entrepreneurs.
that are accessible to community residents, particularly those for whom access to employment can be a challenge.
and skills for those seeking to find, maintain, and advance in employment.
Reflecting a shared concern for the vitality and quality of life in Chicago-area communities, The Chicago Community Trust, the John D. and Catherine T. MacArthur Foundation, and Calvert Impact Capital created Benefit Chicago to bridge a gap in the region’s impact investment marketplace.
Many impact enterprises want to grow or increase their effectiveness for greater impact. But, they often cannot access traditional financing due to factors such as lack of collateral, the need for customized terms, and perceived risk. At the same time, there are also a growing number of individuals, organizations, and institutions seeking an efficient way to make investments that have the potential to deliver social, economic, and environmental impact while aligning with their investment strategies. Benefit Chicago makes it easy to invest in the future of these communities through an accessible, fixed-income investment product.
Executive DirectorRead more
Dr. William W. Towns is a scholar, activist, and practitioner, dedicated to helping solve civic and urban issues at the structural level.
He came to Benefit Chicago from the University of Chicago, where he was an Assistant Vice President and led the Office of Civic Engagement’s Anchor Strategy.
Dr. Towns is an Adjunct Lecturer of Social Impact at the Kellogg School of Management at Northwestern University. He received a BA from Loyola University Chicago, an MBA from the University of Notre Dame, and a Ph.D., from Benedictine University.
Director of OperationsRead more
Sybil Baxa manages the operations of Benefit Chicago by assisting new applicants as they navigate the application process and by supporting the ongoing efforts of existing projects.
Prior to joining Benefit Chicago, Sybil worked at the University of Chicago where she managed the finances and operations for the Global Engagement Office. In this role, she supported faculty and staff as they engaged with the international community through hundreds of programs, initiatives, and partnerships across the globe. During her time at the university, she also provided grant management and financial oversight for faculty-led research programs.
Argentiere Capital (Chairperson)
Resident Association of Greater Englewood
Woods Fund Chicago
South East Chicago Commission
Magnetar Capital Foundation
Pride Action Tank
City Colleges of Chicago
Affiliations for information only.
Powered by deep philanthropic commitment, knowledge of the social sector in Chicago, and long-standing impact investing experience, Benefit Chicago provides a new way for individuals, organizations, and institutions that care about Chicago to invest for impact and make this region a better place for all.
supports creative people, effective institutions, and influential networks building a more just, verdant, and peaceful world. The Foundation has a 35-year track record in impact investing and has dedicated $500 million of its investment assets solely to this purpose. The Foundation is deeply committed to its hometown, where it has invested $1.3 billion in Chicago-area organizations and individuals since 1978. MacFound.org
is a global impact investing intermediary that connects investors with the causes and places they care about through its Community Investment Note®. Since 1995, Calvert Impact Capital has helped investors create measurable social impact in communities, with a 100 percent repayment rate of principal and interest to its investors. CalvertImpactCapital.org
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