Strengthening communities through access to wellness resources — and investments with VCC
The PATH Foundation works to strengthen and impact access to health, senior services, childhood wellness and mental health resources throughout Virginia’s Fauquier, Rappahannock and Culpeper counties. PATH’s grant cycles and community engagement initiatives allow them to improve the health and vitality of the communities they serve.
Earlier this year, PATH Foundation made a $250,000 deposit with VCC into a Premium Money Market Account. Similar to any other bank deposit vehicle, PATH’s funds are federally protected and grow at a rate of 2.00% APY each year. In return, VCC invests those dollars into projects around Virginia to build new homes, create jobs, and support communities.
“As an organization with a specific geographic footprint, we wanted to work with an organization rooted in our home state of Virginia. After a few conversations with VCC representatives at conferences, we found them to be a great fit for us strategically, and would be helpful in adding affordable housing initiatives to our impact investing portfolio,” says Christy Connolly, President and CEO of the PATH Foundation. “Impact investing is a valuable tool that, in addition to our other grants and programs, allows us to use the power of markets and explore new, innovative ways to create positive change in our community.”
Through their deposit with VCC, the PATH Foundation hopes to explore the possibilities that come with impact investing and diversify its financial portfolio.