Revolve Fund is a philanthropic initiative that uses grant funding to provide patient, interest-free capital to Black/African-American, Latinx, and Native American-led businesses, nonprofit organizations, financial intermediaries, and venture funds.
Revolve offers recoverable grants to organizations using an investor-like approach to ensure that Revolve's funders maximize their funding and leverage impact. This includes conducting due diligence, drafting investment recommendations, and executing investment committee reviews.
Revolve's recoverable grants are either provided directly to organizations or co-invested with a CDFI or venture financing. This approach takes advantage of Revolve's industry expertise and CDFIs' or venture funds' deal sourcing, underwriting, and portfolio monitoring capabilities.
*CDFIs are U.S. Treasury certified community development financial institutions.
Revolve invests in organizations located in the United States.
Revolve is grant funded, securing philanthropic funding from institutions and individuals that are committed to supporting people of color. Funders and donors do not earn a financial return as all returned capital from Revolve's investments is recycled for new investments.
Funding to Revolve is tax-deductible for eligible donors through Revolve's fiscal sponsorship with Maryland Philanthropy Network.
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