Our strategy

Quality Work and Economic Security

We focus on strengthening public policies and business practices that improve labor standards and working conditions so that all people have access to good jobs and livelihoods. In the U.S., for example, this includes advocacy to raise the minimum wage, guarantee paid sick days, and ensure fair scheduling practices. It also includes organizing to build workers’ voice, power, and influence—both broadly, and in large and growing sectors of the economy that are key to improving job quality for disadvantaged men and women, including domestic, caregiving, and restaurant work. These efforts emphasize broadly shared, universal protections and opportunity, but their effects are especially powerful for the most vulnerable. We are also exploring how changing labor market dynamics, such as the growth of the on-demand economy, are impacting a wide range of workers and their livelihoods.

Complementing that focus on good work, our efforts to ensure that families can save, build assets, and manage their finances safely focus on curbing predatory financial practices through robustly enforced consumer protections. In the financial services industry, we support the adoption of business practices that are good for social justice and the bottom line.

We also work to create a strong and inclusive system of social protections that is responsive to the needs of today’s families and workplaces. This includes advocacy for policies such as family and medical leave, quality affordable childcare, and long-term care insurance, which enable people to be responsible family members and productive workers.

In the global South, we similarly work to expand access to good work and livelihoods, with efforts that include expanding access to capital and other entrepreneurial supports, enhancing labor standards in global supply chains, and supporting worker organization and advocacy. 

Anticipated Outcomes

Higher quality jobs through improved labor standards and protections
Globally, basic universal labor standards and protections are substantially improved and cover contingent and informal work, which are often excluded from such protections. These labor standards and protections are not only implemented but robustly enforced, leading to better job quality.
Increased economic and financial security
In the United States, predatory consumer financial practices are restricted. Low and moderate income families are better able to access safe and useful financial services. As a result, economic security is increased for households with low and volatile incomes.
Inclusive social protections increase economic stability and mobility
In the United States, everyone is covered by social protection programs—such as paid family and medical leave, unemployment insurance and social security—that are inclusive, increase economic stability and mobility, and promote productive workforces and strong families.

Impact Investing

Through the strategic use of grants and program-related investments, we seek to expand the ability of capital markets to promote measurable social and environmental returns, while also achieving financial returns.

Our grantmaking aims to build and strengthen the infrastructure of the impact investment market. We do this by supporting policies and practices that help the impact investment marketplace expand, and by building awareness about approaches to impact investing and its many benefits. This includes working to increase the availability of data, promoting transparency and expanding the market infrastructure to help create long-term value.

Through our program-related investments, we aim to be a catalytic source of capital that encourages other investors, and to advance impact investing as a practice—all with the aims of reducing inequality and advancing social justice.

Anticipated Outcomes

Wide acceptance of impact investing as an attractive investment strategy
Impact investing is widely accepted as a proven and increasingly necessary investment and capital allocation strategy.
Established regulations and incentives for impact investing
Governments, multilateral organizations, and industry groups have established wise targets, regulations, and enforcement mechanisms. They have also strengthened the sector and created policy incentives for impact investing.
Impact investment products are used in key sectors and asset classes
Through this adoption and use, impact investment products contribute to a vibrant impact capital marketplace. There is also more diversity and inclusion in the marketplace, in terms of who owns and leads participating businesses and other key organizations.
What we don’t fund

Our grantmaking does not support standalone workforce development programs, financial education programs, or pilots of individual financial products and services.