CFDA#
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Funder Type
Corporate Foundation
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IT Classification
B - Readily funds technology as part of an award
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Authority
American Heart Association
Summary
The Social Impact Fund represents a high priority strategy for the Association to drive equitable health and well-being for all, specifically through the lens of adverse social determinants of health and related structural inequity. Investments through these funds are designed to address the needs of communities from within the communities themselves. Specifically, the funds are focused on:
- Providing access to capital - for for-profit and non-profit small and medium-sized enterprises (SMEs) that address adverse social determinants of health (SDOH) with the goal of generating long-term positive health outcomes.
- Combating structural inequalities - through an inclusive and innovative approach to investing in social entrepreneurs and organizations that are reflective of their communities and are committed to solving the challenges there. This often includes investing in diverse SMEs that have been systematically bypassed by venture capital.
- Accelerating innovation, scale, and the sharing of best practices - for Social Impact Funds portfolio of SMEs. This includes continually seeking synergies between social enterprises and their communities, knowledge transfer across communities, and replication of effective interventions.
- Dynamically studying and addressing SIF existing and target markets - to ensure we are working on the most pressing challenges. This is also inclusive of continually engaging with the larger investor network to ensure continuity of funding opportunities.
History of Funding
None available.
Additional Information
The American Heart Association has created social impact funds that reimagine the approach to community transformation to combat social determinants of health through three key impact lenses focused on results.
Access to Health and Health Care
- Innovation and Technology
- Health tech, pharm tech, mental health care tech, social/emotional well-being tech and innovation makers
- Advancing technologies offer new and scalable solutions, and if designed to address barriers in historically under-resourced communities, can reframe access to health.
- Service and Transportation Platforms - Companies that improve access and knowledge for nonemergency health care, platforms removing language barriers, nonemergency transportation solutions, racially concordant perinatal and mental health care and employment/training opportunities within the health services industries
- Some solutions may be variations of traditional services, such as last-mile transportation or community health workers. Others may create community health ambassadors who provide trusted guidance and navigation. And some may focus on loneliness and connection.
Food Security -
Examples of food security social enterprises include but are not limited to those focused on:
Sustainable rural farming
- Urban farming and farming cooperatives
- Logistics
- Processing
- Agritech”
Economic Resiliency and Poverty Reduction
Promoting economic stability through expanded educational opportunities, employment programs, banking practices and affordable housing is critical to achieving positive health outcomes.
Examples of economic resiliency and poverty reduction social enterprises include but are not limited to those focused on:
- Vocational training
- Recidivism programs
- Employment programs
Eligibility Details
Applicants must be currently operating within the U.S. and Puerto Rico. The American Heart Association is looking to fund sustainable and scalable solutions to the underlying social and environmental determinants of health challenges – access to healthcare, food security, and economic empowerment.
Deadline Details
Applications are accepted on a rolling basis.
Award Details
Award amounts vary by project scope and size. The funding period will be discussed and determined during the interview process. Award amounts range up to $250,000.
Related Webcasts
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Highlights of Grants to Manage and Expand Access to Health Data - Sponsored by NetApp
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Playback Available
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Funding for Healthcare Technology to Connect Providers and Patients - Sponsored by Panasonic
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Playback Available
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Funding Technology-Enabled Transformation in Healthcare to Achieve the 3-Part Aim: Improved Health Status, Better Health Care Delivery, and Reduced Costs – Sponsored by NetApp
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Playback Available