Joe Evans
Portfolio Director and Social Investment Officer
Environment, Social Investment Practice
Joe Evans is portfolio director and social investment officer for The Kresge Foundation's Social Investment Practice, and is responsible for managing loans, guarantees, deposits and equity investments that support Kresge's mission.
He also works to originate, structure and close new investments in accordance with prudent social investment practices, relevant regulations and foundation priorities. He joined the foundation in 2014.
Prior to joining Kresge, Joe worked for more than 10 years as a generalist with a nationally recognized consulting firm practicing in the areas of organizational development, nonprofit business planning, social investing and multi-funder initiatives.
"Through that work, I was fortunate to have a bird's eye view of a number of key developments in community finance that galvanized an industry and were initiated, supported or scaled through the work of private foundations. I'm thrilled to be able to apply that experience in service to Kresge's ambitious goals, thoughtful strategies and commitment to leveraging market mechanisms to expand opportunities in America's cities." Joe also served as an executive at a community action agency, and most recently was the director of lending for a specialty community development financial institution focused on expanding housing and educational choices for persons living with disabilities and their families.
He earned a bachelor's degree in philosophy from Southern Connecticut State University in New Haven, Conn.
Photo: Douglas Schaible
Areas of Specialty
Community development credit unions
Social Investing
Use of non-grant capital
Q&A with Joe Evans on Kresge Foundation's $30MM Commitment for CDFIs and DFAs
Industry Blog
OFN interviewed Joe after Kresge launched Kresge Community Finance.
Kresge Awards $14 Million to Community Finance Institutions
Community Finance
"We wanted to test the demand for a standardized product of patient capital for CDFIs and DFAs," said Joe Evans, portfolio manager of Kresge's Social Investment Practice, "and to demonstrate to other investors an efficient approach to meeting the capital needs of low-income communities."
By Joe Evans
Four steps foundations can take to ensure federal funds land equitably in BIPOC communities
Mission, Money & Markets Blog
After closing, how can social investors continue to shape how their capital is put to work?
Mission, Money & Markets: A new fund launches to spread equitable financial services in the South
General Foundation News
Mission, Money and Markets: Looking back on 2017
Mission, Money & Markets: Capital for communities and efficient, impactful opportunities for investors