Ford, Sorenson Impact, and Surdna foundations join the Catalytic Capital Consortium

The Ford, Sorenson Impact, and Surdna foundations are the latest funders to join the Catalytic Capital Consortium, known as C3, an initiative launched by the MacArthur and Rockefeller foundation, alongside Omidyar Network, in 2019.

The funding consortium aims to deepen collaboration among investors deploying patient, flexible and risk-taking capital to crowd in commercial investors to strategies that address key social and environmental challenges. 

Last year, seven other funders joined the consortium, including family offices Blue Haven Initiative, Builders Vision and Ceniarth (listen to their SOCAP panel discussion, moderated by David Bank).

The new commitments to C3 bring total funding in the current phase to $6 million. Disclosure: The Ford and Sorenson Impact foundations are investors in ImpactAlpha; C3 sponsors ImpactAlpha’s catalytic capital coverage.

Market building

Earlier C3 funding helped analyze capital gaps, build tools and showcase solutions. Ford’s Roy Swan says the foundation’s decision to join C3 “aligns with our belief in the transformative power of capital to create systems change.”

Catalytic capital, says Swan, “is essential to build stronger economies that uplift underserved communities from the heartland of America to the Global South.”

Disclosure: The Ford and Sorenson Impact foundations are investors in ImpactAlpha; C3 sponsors ImpactAlpha’s catalytic capital coverage.