Impact Investing to Improve Health, Well-Being and Equity

The Robert Wood Johnson Foundation uses grantmaking, policy change, and impact investing to address barriers to health and well-being.

A man and his two-year-old son walk past a bus.

Impact investing expands the Foundation’s toolkit and builds on its decades-long work changing systems and policies to improve health, especially for those facing the greatest obstacles.

Funding to Center Equity in Municipal Bonds

The $4 trillion municipal bond market is one of the largest pools of private investment capital flowing into America's states and localities, shaping the built environment in communities across the country and directly impacting health and equity. In a first-of-its-kind effort, a $4 million grant from RWJF aims to empower communities across America to leverage municipal bond market investments to disrupt historic systemic racial inequities.

Read the white paper

RWJF is working to build a Culture of Health where everyone has the opportunity to live a healthier life, including those who face barriers because of who they are, where they live, how much money they have, or the discrimination they face. Poor health disproportionately burdens people who live in places that lack opportunity and investment, creating gaps in health outcomes that are costly and preventable.  

To help address this, RWJF has established a $200 million pool for impact investments. Building on a legacy portfolio of about $100M, the Foundation seeks to attract more capital for health and racial equity from co-investment partners such as banks and insurance companies to deepen the impact of its grantmaking and policy change efforts. By channeling capital markets, we aim to bolster a durable system of community investment through intermediaries that are exclusively dedicated to delivering capital and financial services to persons with low incomes and communities of color.

Our Strategies

Current strategies where the Foundation is actively making grants, loans, equity investments, and guarantees are the following:

Advancing Racial Equity

Investment opportunities and partnerships that bend the arc toward racial equity by expanding ownership, promoting quality jobs, and innovating wealth-building for people of color.

Program Directed Investments

Investments that are linked to the Robert Wood Johnson Foundation's specific programmatic priorities (e.g., access to stable, affordable housing).

Community Development Finance System

Investing and partnering with intermediaries that ensure the durability and expansiveness of capital deployment into low-income communities.

From the Blog

A Blueprint to Help Communities Promote Equity

The Social Impact and Community Investment practice works closely with local organizations and residents to understand their needs and vision for a healthier future.

What You Need to Know About Hospital Roles in Community Investment

Hospitals have a long tradition of serving as anchor institutions for community investment—not only by providing healthcare, but by hiring local workers and contractors and building new clinical facilities within their communities.

Making a Collective Public Health Impact through Diverse Partnerships

Networked and entrepreneurial approaches to partnerships offer public health professionals with resources and allow them to reduce the negative externalities of the economy.

Featured Resource

Impact Capital Measurement

Approaches to measuring the social impact of philanthropic program-related and other impact investments.

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Contact Us

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