POWERUP FUND

Powered by HIP

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 Deploying capital to build community wealth — one dollar at a time.

HIP is building a $58 million fund — $1 for every Latino that calls the U.S. home.

The PowerUp Fund will help balance the scales of economic justice and ensure that Latinos have equal access to opportunity.

 

The Opportunity

Latinos in the U.S. are 58 million strong — and growing.

The states with the fastest-growing Latino populations have gained more than 1 million Latinos since 2000:

 
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Despite our hard work and business dynamism, Latinos in the U.S. remain economically sidelined:

 

Wealth

Latino families' median household wealth is $6,600, compared to $147,000 for White families.
 

Income

Latinos’ median household income is $50,486, compared to $68,145 for Whites.
 

Capital

Less than 2% of venture capital investments went to Latino & Black entrepreneurs in 2016.
 

Philanthropy

In 2016, only .66% of all philanthropic funding was earmarked for Latinos.
 

our Solution

The PowerUp Fund leverages philanthropic dollars against private capital

… to build power and spur economic growth for Latino communities across the U.S. and the Caribbean.

We provide comprehensive access to capital for Latino-led enterprises, prioritizing:

 
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Advocacy & Engagement

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Crisis &

Recovery

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Education & Wellbeing

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Entrepreneurship

 

our value proposition

Our stakeholders will benefit while financing solutions that tackle real barriers to economic growth in the Latino community.

 
 
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private investors

Get opportunities for tax deductions & legacy gifts while making a lasting social impact


 
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banks

Grow community enterprises that help meet CRA & community development objectives


 
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FOUNDATIONS

Support metrics & increase impact through community enterprises aligned with your mission


 
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entrepreneurs

Get access to faster and more responsible capital if you’re an underrepresented entrepreneur

 

 Why HIP?

HIP has a 36-year track record of deploying capital for outsized impact.

We know where to put money to work and we use that knowledge to achieve outsized impact.

Our differentiators are our:

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Convening power

We provide means of advocacy and engagement for Latino stakeholders to collaborate and innovate on strategies to achieve their vision


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Capacity Building

We increase the capacity (and visibility) of Latino investors and increase the capacity of institutions focused on power building for Latinos


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Capital deployment

We provide risk and discretionary capital for intermediaries and institutions to scale impact that reduces gaps within the Latino community

 
 

Press

 
 
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Banks could benefit from investing in Puerto Rico. But few are doing it.

NBC News

24 May 2019

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Philanthropies are Failing Puerto Rico

The Washington Post

24 July 2018

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Latinos can use philanthropy to strengthen collective power

Miami Herald

13 March 2018