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Money and Mission: Creating 21st Century Capital Markets for Better Social Outcomes

May 17, 2022 @ 4:00 pm – 5:30 pm EDT

money and mission event image

On Tuesday, May 17, the Federal Reserve Bank of New York will host a discussion on the potential of philanthropy to act as both a source of capital and a model for the fundamental changes needed to address today’s challenges.

Register

In this conversation, experts will discuss the following questions:

  • Can we solve social problems with markets? If not, how do we marry market solutions with public policy and philanthropy in the most effective ways?
  • Does the philanthropic model have an internal contradiction that stymies progress if it uses only 5% of its assets to advance its mission?
  • How do we frame the big challenges facing communities—such as widening wealth inequality, affordable housing scarcity, and the decline of community services such as schools, health care, clean water, and internet access—so that they are not too overwhelming for foundations and other investors to hope to improve?

This event is open to the public and media. Registration is required. All remarks are on the record and the event will be recorded. For media inquiries, please contact Ellen Simon at ellen.simon@ny.frb.org.

Speakers

Speakers include Clara Miller, president emerita of the F.B. Heron Foundation and Geoffrey Canada, founder and president of the Harlem Children’s Zone and William Julius Wilson Institute.

Rev. Cory Anderson

Rev. Cory Anderson
Chief Innovation Officer
Winthrop Rockefeller Foundation

Geoffrey Canada

Geoffrey Canada
Founder and President
Harlem Children’s Zone and William Julius Wilson Institute

Audrey Choi

Audrey Choi
Senior Advisor and CEO
Morgan Stanley Institute for Sustainable Investing

David Erickson

David Erickson
Head of Outreach and Education
Federal Reserve Bank of New York

Otho Kerr

Otho Kerr
Director of Strategic Partnerships and Community Impact Investing
Federal Reserve Bank of New York

Andrea Levere

Andrea Levere
President Emerita
Prosperity Now

Clara Miller

Clara Miller
President Emerita
The F.B. Heron Foundation

Agenda

4:00-4:05 pm

Welcome remarks

David Erickson, Head of Community Development, Federal Reserve Bank of New York

4:05-4:25 pm

Opening Remarks

Clara Miller, President Emerita, The F.B. Heron Foundation

4:25-5:25 pm

Surge of Inequality: How Different Neighborhoods React to Flooding

Moderator: Andrea Levere, President Emerita, Prosperity Now

Rev. Cory Anderson, Chief Innovation Officer, Winthrop Rockefeller Foundation

Geoffrey Canada, Founder and President, Harlem Children’s Zone and William Julius Wilson Institute

Audrey Choi, Senior Advisor and CEO, Morgan Stanley Institute for Sustainable Investing

Clara Miller, President Emerita, The F.B. Heron Foundation

5:25 pm

Closing Remarks

Otho Kerr, Director of Strategic Partnerships and Community Impact Investing, Federal Reserve Bank of New York

5:30-6:30 pm

Reception

Location

Federal Reserve Bank of New York

33 Liberty Street
New York, NY 10045 United States
(212) 720-5000
View Venue Website