An Economy For All In February 2019, we published our report, An Economy for All: How Philanthropy Can Unlock Capital for Women Entrepreneurs and Entrepreneurs of Color through Inclusive Investing. In August 2021, the Arabella Advisors team gathered input from experts and practitioners working across the capital spectrum and developed an update to the original report. Click the button below to view the 2021 updates, or continue scrolling to view our original findings. View Latest Report

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Our report explores how foundations, philanthropists, and impact investors can begin to address the biases they face, unlock access to capital, and build a more equitable economy for all through #InclusiveInvesting.

To learn more, scroll on—or get the report.

Systematic biases currently prevent entrepreneurs who are people of color and/or women from accessing capital


Only 2% of venture capital funding goes to women entrepreneurs, and less than 5% of entrepreneurs backed by venture capital firms are black or Latinx.

These biases hurt entrepreneurs and their communities.

They also mean investors are missing out.

Philanthropy can and should be doing more to create access to capital for these entrepreneurs, through #InclusiveInvesting and related tactics.

To close the gap between investors and entrepreneurs like Adrienne Bennett...

Earlier in her career, Adrienne Bennett became the first female licensed master plumber and plumbing contractor in North America. Now she is CEO of Benkari, LLC, a Detroit-headquartered contracting company that she launched, self-financed, and grew. Benkari is now generating jobs, apprenticeship opportunities, and potential for even more growth in Detroit and beyond.

Philanthropy should..

Put endowments to work through #InclusiveInvesting

Establish promising new financing vehicles

Engage peers to attract new donor partners and philanthropic capital

Work to transform the practices of mainstream investors and asset managers, who collectively control trillions in investment capital

What large private foundations can do

What bank foundations can do

What individual and family donors can do

“We are living in a moment when philanthropy has the potential and power to catalyze transformative changes and improve our society. It must be bold enough to seize that moment.”

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