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.
The Fels Fund’s mission is to improve conditions and opportunities for communities that are marginalized in Philadelphia, and move us towards a more socially, racially and economically just society.
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 74% 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.