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The Brief

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Today’s Brief

Sponsored by Stonecastle

A spotlight on cash: Doing good with deposits. Cash is called “king” because it provides security, liquidity and flexibility – and remains the foundation of financial decisions. Today, more than $18 trillion in cash sits in US bank accounts, alongside more than $8 trillion in money market funds. This scale underscores the importance of cash and its potential for impact. StoneCastle was founded to drive deposits to community banks that strengthen local communities. Today our network includes more than 1,000 financial institutions, including community banks, MDIs, CDFIs and credit unions. We believe cash can do more than sit on the sidelines. When directed to institutions serving communities, it can help support small businesses and their workers, housing, agriculture and infrastructure priorities.

The Week's Podcasts

🎧 This Week in Impact. Host Brian Walsh takes up ImpactAlpha’s top stories with editor David Bank. Up this week: Family Office Ceniarth finds that their impact-first portfolio is not making money – but that's the point; a new Latin American investor rewards founders with better terms when they deliver more impact; and a climate justice fund raises $71 million to back clean energy projects the banks won't touch.

Next Week’s Event

Dressing up for SOCAP, this year in Chicago. As 55,000 runners get ready to lace up for the Chicago Marathon, thousands of Agents of Impact are getting ready for SOCAP26, which has moved to Chicago after many years in San Francisco. Organizers say the five tracks “reflect evolving capital flows, emerging solutions and the cross-sector collaboration driving the future of impact” (listen to our podcast conversation with SOCAP’s Robert Munson). The ImpactAlpha team will once again document SOCAP’s “best dressed.” We’ll be on the lookout for the coolest conference ‘fits that reflect your energy and leadership. Pack accordingly. Check the SOCAP agenda and join ImpactAlpha for these sessions and events:

The Week’s Spotlight

Public bid to acquire social film network Letterboxd is a preview of people power. In the wake of Paramount’s contentious merger with Warner Bros. Discovery, a different kind of M&A campaign is picking up steam, presenting community ownership as a viable alternative to continued media consolidation and, frankly, enshittification. This week, a coalition of filmmakers, fans and mission-driven investors launched Letterboxd4All, a public campaign to buy Letterboxd, the popular social platform for film lovers, and convert it into a community-owned company. “Our campaign is a reflection of people’s frustration at seeing value extracted from their communities,” said Elizabeth Joyce of Intrinsic Entertainment Collaborative, the public benefit corporation behind the bid. “Our model offers communities the chance to be the owner, not the product.”

The Week’s Talent and Jobs

RF Catalytic Capital named Christine Schoppe, previously with Rockefeller Foundation, as chief operating officer…Prime Capital Financial added Emil Ben-David as a wealth advisor... Catherine Clark will step down as faculty director of CASE at Duke's Fuqua School of Business at the end of the academic year... British International Investment promoted Freddie Tucker to head of trade finance.

Impact Voices

Provocative opinions and insightful analysis from the community

Shaping the Algorithm

The deals, people and strategies optimizing AI for the public interest. In partnership with Siegel Family Endowment.

Ownership Economy

Strategies for investing in the ownership economy, wealth-creation and shared prosperity, in partnership with Sorenson Impact Foundation.

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Agents of Impact

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