A municipal bond is a public debt security issued by a state, municipality, or county to finance its capital expenditures, including the construction of highways, bridges, or schools. We support infrastructure, education, and community services, spanning approximately 400 municipalities in 47 states and Washington, D.C.
Supporting Vulnerable People During the Pandemic with The Rockefeller Foundation
In 2020, MIM directed a $20 million investment in the bonds of The Rockefeller Foundation, a nonprofit organization founded in 1913 with a mission to promote the well-being of humanity throughout the world. The Rockefeller Foundation’s initial $700 million bond offering is designed to accelerate its grant-making capacity in the program areas of global public health and sustainable energy. Within its Precision Public Health initiative, the Rockefeller Foundation will further focus its programmatic activities toward a more equitable and inclusive health response to the global COVID-19 pandemic by scaling up its testing and tracing activities and preparing countries for a vaccine rollout. Within its Power & Climate Initiative, the Rockefeller Foundation plans to accelerate its initiative to deliver renewable energy to poor, underserved rural populations in Africa, Asia, and Latin America in support of a green and equitable recovery from the COVID-19 pandemic.
Protecting natural resources with The Conservation Fund
In 2019, MIM directed a $25 million investment in The Conservation Fund, a nonprofit organization founded in 1985 with a mission to protect America’s land and water resources through land acquisition and sustainable economic development. The funding was to facilitate expansion in The Conservation Fund’s Working Forest Fund program, which aims to conserve large intact forests that can be sustainably managed for timber production and recreational uses under conservation easements. These forests would otherwise be at high risk of fragmentation and the eventual loss of both their climate and environmental values, as well as their vital role in many local communities. The Conservation Fund’s other primary business is providing capital and technical help to conserve their most important natural and cultural resources, usually by acting on behalf of public agencies to temporarily acquire lands and buy time for permanent conservation outcomes.