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Foresight logo

A Minority Led and Community Driven Foundation

Foresight Foundation for Economic Equity is a Black/African American organization seeking to serve minority business enterprises with the ability to offer larger-than-average financial opportunities and transactions.

 

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What We Do

Foresight Foundation is an Arizona nonprofit corporation (“Foresight”) with a community based mission to promote and support economic and community development through investments in minority-owned enterprises, housing, education, and healthcare while promoting the business case for diversity, both social and financial.

The Foresight Foundation leadership team has over 100 years combined experience in community economic development related work for and with other entities with the goal of improving outcomes within the underserved/underrepresented communities.

Commercial Site Development
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What We Do

Foresight Foundation is an Arizona nonprofit corporation (“Foresight”) with a community based mission to promote and support economic and community development through investments in minority-owned enterprises, housing, education, and healthcare while promoting the business case for diversity, both social and financial.

The Foresight Foundation leadership team has over 100 years combined experience in community economic development related work for and with other entities with the goal of improving outcomes within the underserved/underrepresented communities.

Commercial Site Development
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Our Goals

Foresight intends to use federal programing to leverage investments into businesses, service agencies, and other organizations in underserved communities to generate measurable social and environmental impact, alongside a financial return, in the following targeted areas:

Minority Business Enterprises
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Minority Business Enterprises

Affordable Housing Development
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Affordable Housing Development

Education
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Education

Healthcare
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Healthcare

Loan Terms
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Loan Terms

Technical Assistance
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Technical Assistance

Community Development
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Partnership with Raza

Foresight plans to venture with the Raza Development Fund (RDF), which is a CDFI (Community Development Financial Institutions Fund).

Community Development Financial Institutions, CDFIs, are lenders that have received approval from the Treasury Department to play a critical role in the economy by bringing investment and resources to communities that have historically been underserved.

RDF is one of the most successful CDFIs. Of the approximately 1,000 CDFIs in the United States, RDF is one of only a handful to have an investment grade rating by S&P Global Ratings.

Community Development
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Partnership with Raza

Foresight plans to venture with the Raza Development Fund (RDF), which is a CDFI (Community Development Financial Institutions Fund).

Community Development Financial Institutions, CDFIs, are lenders that have received approval from the Treasury Department to play a critical role in the economy by bringing investment and resources to communities that have historically been underserved.

RDF is one of the most successful CDFIs. Of the approximately 1,000 CDFIs in the United States, RDF is one of only a handful to have an investment grade rating by S&P Global Ratings.

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Our Sponsors

Wells Fargo
Phoenix IDA
Chase
Bank of America
Arizona Community Foundation
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Board Of Directors

Kim Covington
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Kim Covington

Director

Dr. Antoinette Farmer-Thompson
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Dr. Toni Farmer-Thompson

Director and Co-Founder

 

Karl Gentles
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Karl Gentles

Director

Vada Manager
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Vada Manager

Board Chair and Co-Founder

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Urban Development
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Urban Development