25: Common Future’s Rodney Foxworth: Shifting Capital to Shift Power

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Common Future is a mission-driven non-profit organization that has diverted nearly $300 million into marginalized communities through grants and low-barrier loans since 2001. And they just received a game-changing gift from philanthropist Mackenzie Scott.

It was a pleasure to chat with CEO Rodney Foxworth on the precipice of this new chapter for Common Future. We spoke about his plans for building up this BIPOC-led organization to close the racial wealth gap in America, how his own experiences with racism inform this work, and how he and his team are building a powerful network of “wealth-holders” and “wealth-builders” to create lasting change.

Rodney Foxworth

Rodney is CEO of Common Future. Before joining the organization in 2018, he founded Invested Impact, a consulting firm that directed investment capital to underrepresented social entrepreneurs through foundations, financial institutions, and policy organizations, including Annie E. Casey Foundation, Aspen Institute, Calvert Impact Capital, Greater Washington Community Foundation, Legg Mason, and T. Rowe Price Foundation. Rodney has also held leadership positions at the Warnock Foundation, a venture philanthropy affiliated with the private equity firm Camden Partners, BMe, a national social entrepreneur network for African American men, and Job Opportunities Task Force, a policy advocacy and workforce development organization.

An inaugural Ford Foundation Global Fellow, Rodney serves on the board of directors of Nonprofit Finance Fund and Race Forward, and the steering committee of Justice Funders. He has spoken atSocial Finance Forum, Council on Foundations, Global Philanthropy Forum, SOCAP, Open Markets Institute, Skoll World Forum, Brookings Institution, and other stages. His writing has appeared in publications such as Boston Review, Chronicle of Philanthropy, and Nonprofit Quarterly, and he has been featured in Conscious Company, Devex, Forbes, ImpactAlpha,Inside Philanthropy, and The New York Times.

This episode of Lead With We was produced and edited by Goal 17 Media and is available on Apple Podcasts, Google Podcasts, and Spotify.

You can also watch episodes on YouTube at WeFirstTV.

 

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