Durham, N.C. — June 3, 2026 — The Triangle Community Foundation has unveiled the Triangle Impact Fund, a new $10 million philanthropic investment tool designed to expand housing affordability across Wake, Durham, Orange, and Chatham counties.
The announcement was made at the Foundation’s 2026 What Matters event at the Raleigh Convention Center, where more than 500 leaders from public, private, and nonprofit sectors gathered to address the region’s housing challenges. The Foundation is seeding the fund with $1 million of its own assets and has already secured commitments totaling over $7 million toward its initial goal.
Unlike traditional grants, the Triangle Impact Fund will provide low-interest loans to community development financial institutions (CDFIs) and eligible housing projects. These impact investments are designed to be repaid and recycled back into the community, prioritizing capital preservation while targeting a modest 1–2 percent net return.
Foundation President and CEO Lori O’Keefe emphasized the importance of innovation in philanthropy: “Grantmaking has been our primary tool for investing in the Triangle for the last 40 years, and it will continue to be central to our work. The Triangle Impact Fund adds a new tool that allows philanthropy to support innovation, take smart risks, and help fill gaps that public and private funding alone cannot address.”
The fund builds on the Foundation’s legacy of more than $500 million in grantmaking to nonprofits serving the Triangle region. An invitation-only request for proposals process is being finalized for nonprofit and for-profit housing developers, CDFIs, and local governments.
With over 40 years of experience and $300 million in assets under management, the Triangle Community Foundation continues to strengthen partnerships and fund solutions to ensure that everyone in the Triangle has the resources and opportunity to thrive.
