Mission Related Investment Application

Apply for a Mission Related Investment

To be considered for a Cleveland Foundation Mission Related Investment, please review the information below and complete the application form that follows.

What are Mission Related Investments?

Mission Related Investments come from the Foundation’s endowment assets and must achieve two goals; 1.) a market rate of return over time and 2.) a social impact for Cleveland.

What are the minimum criteria that must be met to be eligible to apply for a Mission Related Investment?

The Cleveland Foundation has established minimum criteria as listed below to evaluate mission related impact investment requests.

The investment must demonstrate how it will provide a social impact in the Greater Cleveland areathrough job creation, economic development (real estate improvement), business startup (entrepreneuror industrial), technology, sustainable energy, financial services, healthcare or biotechnologyadvancements.
The investment must:
- Align with at least one of the United Nations Sustainable Development Goals: https://www.un.org/sustainabledevelopment/sustainable-development-goals/
- Show an expected impact within the city of Cleveland or surrounding areas
- Provide an expected market rate of return (The project needs to provide either a fixed income or equity return on the investment over a specified period.)
- Be managed by a proven, experienced team with prior experience in mission related investments

Application Form

Firm Name* Fund Name*

Contact Information

First Name*

Last Name*

Title* Phone Number* Email* Address* City*

State*

Zip Code*

Investment Information

Investment Amount Requested* Investment Type* Impact Theme*

Financial Return Objective

Targeted Return

Targeted return is target net return (percent) over target net return (years).

Target net return (Percent)* Target Net Return (Years)* How will the return be achieved and returned to investors?*

Firm Information

Firm Overview* Firm Founded Date* Firm AUM* Owners*

Officer(s)

Name*

Title*

Phone Number*

Email*

Team Overview* How many people in the entire firm, and what are their overall roles? Strategy and Philosophy* What is the main strategy of the fund? Investment Approval Process* Competitive Advantage(s)* How is this investment different? Is Firm/Fund led by a minority individual or woman?*

If yes, who - what position?*

If no, minority/women led firm/funds considered?*

Key Terms

Target Size of Fund* Minimum Commitment* G.P. Commitment* Term (Years)* Management Fees (Percent)* Carried Interest (Percent)* Preferred Return/Hurdle Rate (Percent)*

Prior Fund Performance (Optional)

Qualitative Performance Summary Performance as of

Fund (Vintage)	Fund Size ($M)	Paid-In Capital ($M)	Realized Value ($M)	Unrealized Value ($M)	Total Value ($M)	Gross TVPI	Net IRR	LIBOR Spread	Yield at Cost

Impact Analysis

Expected Impact* Impact Measurement* Prior Impact Experience Prior Impact Outcomes Commitment to Invest in Cleveland* Other Cleveland Area Investors

Attachments (Optional)

Additional information such as marketing material and detailed performance Accepted file types: PDF, DOC, DOCX, XLS, XLSX and CSV (2MB limit)