The Leviticus Fund is motivated by faith and founded on the biblical verse of Leviticus 25:23 and its call for justice in the stewardship of economic resources. The Fund supports transformative solutions that serve low-income and vulnerable people by combining flexible capital from social impact investors and contributors with knowledge-sharing to create sustainable and affordable communities.
In December 1981, a group of religious leaders from the Tri-State Coalition for Responsible Investment met to discuss a new model for addressing the needs of the disadvantaged. They saw that, if they pooled and invested their resources together, they could do more to reflect and advance the faith-driven values they shared: ensuring that the economically poor could live with dignity and self-determination; using their shared resources for the benefit of those with less; and protecting and sharing the earth’s resources.
In May 1983, 27 of the religious congregations pooled $360,000 in capital to form the Leviticus 25:23 Alternative Fund.
This vision of social and economic justice has endured as our driving force for over 35 years. It guided our first two loans in 1984, which supported a tenant-owned cooperative in New York City and a workplace and training center for mentally-challenged adults in Nyack, NY. It led us to become one of the nation’s first certified Community Development Financial Institutions (CDFIs) in 1994, to expand our investments into early care and education in 1997, and to more recently launch new programs for manufactured housing communities, community health centers, charter public schools, and healthy food-access. And it has inspired the numerous loans we have made in recent years to foster decent homes, schools, jobs, and health and social services for thousands of low-income families across five states.
Our impact has grown steadily over time, from $1.5 million invested in our first 10 years to over $92 million as of today. We now have 69 member investors and 95 individual and institutional associate investors, each of whom ensure we can continue to fulfill the vision of our founders: to share the gift of economic resources in order to advance a more just and equitable society—one in which all people can meet their basic needs and access opportunities.
Board of Directors
There are no positions opened at this time.