The Fels Fund’s mission is to improve conditions and opportunities for marginalized communities in Philadelphia, and move us towards a more socially, racially and economically just society.
We envision a day when all Philadelphians can live full, meaningful and dignified lives as valued and contributing members of our diverse and vibrant city.
We believe that to help build a more socially, racially and economically just society, we need to go beyond our grantmaking. Grantmaking utilizes just five percent of our financial assets. The other 95% is invested, so we have committed to better aligning our investment portfolio with our mission. This includes:
- investing in companies that align with our areas of funding focus
- divesting from companies that actively work against our mission
- utilizing screens for governance, diversity/inclusion practices when selecting investments
- considering opportunities to invest locally
Currently the Fels Fund has invested nearly half of its assets in a combination of mission-aligned and socially responsible funds. By 2025, the Fels Fund aims to have 100% of its assets aligned with its mission and/or invested in socially responsible funds.