The Bay Area Family of Funds was created by the Bay Area Council to further its mission of promoting economic prosperity and quality of life in the region. Despite the apparent wealth and prosperity of the Bay Area, persistent poverty has been a critical issue in several neighborhoods throughout the region. In response to this, the Bay Area Council played a leadership role in the Community Capital Investment Initiative (CCII), a broad coalition of business, community, and government organizations. CCII focused on reducing poverty and encouraging smart growth in Bay Area low- and moderate- income (LMI) neighborhoods, and helped in organizaing three separate fund-building efforts to focus investment resources.
The Bay Area Family of Funds was created to coordinate these three distinct but related funds, which share common service areas, goals, and oversight. These individual funds are intended to contribute to a whole that is greater than the sum of its parts within the Family of Funds; a sustainable alternative to the limited sources of funding traditionally provided to LMI communities by government, foundation, or individual support.
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