Invest for More

Invest for More

Rooting our resources locally

Hutchinson Community Foundation is determined to place its bets in local people, places and ideas to preserve the areas we hold dear, provide upward mobility for all and create an inclusive resilient community.

Hutch CF is part of a collective of people, organizations and businesses who believe we can work together to root and accelerate wealth through local investments that result in jobs, more amenities and more people with a stake in our community’s success, creating a loop of wealth.

We believe in using the tools at our disposal to poise Reno County for a vibrant, equitable future, and the Reno County Invest for More strategy is another means through which we can realize our vision – not only for long-term benefits for our community but also for financial returns.

HOW DOES IT WORK?

Hutchinson Community Foundation has set a goal to invest 5 percent of its assets in the Reno County Impact Investment Pool, dedicated locally to gap financing through loans, loan guarantees and other innovative models. Unlike traditional grants that are awarded without expectation of monetary return, impact investments are expected to yield a double bottom line: a financial payoff of 3 to 4 percent along with positive social return.

WHAT DOES “SOCIAL RETURN” MEAN?

It could mean more housing, improved access to broadband or support for child care, tourism and entrepreneurship. We look for projects that result in long-term outcomes for the community that include a strong, diverse and inclusive local economy; healthy connected people and neighborhoods; and a community with a culture of shared ownership, pride and belonging.

WHY THE COMMUNITY FOUNDATION?

Through the Invest for More strategy, we have a tool that allows us to unlock capital that catalyzes experimentation and bold ideas. Where traditional lenders may be more constrained by shareholders’ expectations for returns, we can be more patient. Because of our longer investment horizon, we are uniquely positioned to help bridge the gaps between the need for capital and what the private market will provide.

HOW ARE PROJECTS CHOSEN?

We work alongside community partners in economic development, including banks, credit unions, StartUp Hutch and the Hutchinson/Reno County Chamber of Commerce, to help identify important investment opportunities. When a for-profit or nonprofit organization needs financing but lacks sufficient capital, the Community Foundation can be a source of gap financing. Preference is given to projects that would not happen without the Community Foundation’s capital.

  1. We first assess the project to ensure that it aligns with our mission and to gauge its potential for positive social return.
  2. We then evaluate the project and perform financial due diligence.
  3. The Investment Committee then gives final approval.

HOW CAN YOU INVEST FOR MORE?

Do you have a fund at Hutch CF?
Unlike investments in stocks, bonds and mutual funds, these investments keep wealth rooted locally. By choosing the Invest for More strategy, fundholders can put assets to work in projects that enhance our community.

You don’t need a fund to make an impact!

Giving to any of our funds, including our unrestricted Fund for Reno County, helps us make local impact investments.

Help us source deals.

Do you or someone you know have an idea for a business or project? Talk to our partners at StartUp Hutch or the Hutchinson/Reno County Chamber of Commerce.

Want to learn more?

Email Aubrey Abbott Patterson or call 620-663-5293.

We are bringing some of our dollars home to invest not in Wall Street but in Main Street – in the dreams of our on people hose work will improve this place we love. That is the power of community philanthropy.
– Aubrey Abbott Patterson, Hutchinson Community Foundation President and CEO