Propel Capital supports bold leaders creating a just and equitable future. Through creative use of capital, we accelerate innovative, durable social impact solutions to the world's most pressing challenges.
Propel Capital was founded to use capital creatively for social impact.
In 2008, sparked by a shared interest in cross-sector solutions to issues of inequality, we began working together to explore where Propel (then Advective) could have the most impact. Believing that investment capital could be cycled repeatedly for social impact and that entrepreneurial approaches could help fuel innovation and drive social change, we began to make impact investments and grants to test our ideas and foster experimentation.
We determined early that all capital allocations, from operations to the investment of assets, to grants should be aligned with our values, making Propel one of the first philanthropic entities to invest 100% of our assets for impact. This early decision remains central to our mission today.
We established ourselves as a one of the first donor-advised funds at ImpactAssets and continue to partner with them to conduct most of our grantmaking and impact investing. In 2016, we scaled up our work and formed Propel Capital Network, LLC to enable a broader set of activities. Since we made our first grant, Propel has committed more than $30 million to over 50 social enterprises and impact funds working to create a more just and equitable future.
– Jeremy Mindich and Sarah Williams, Co-Founders