March 12, 2025 | Stories
Nonprofits work hard every day to serve the community, and having reliable cash flow is key to keeping their programs running. To ensure StepStone could continue its vital work without interruption, the Wichita Foundation (WF) and Fidelity Bank partnered to provide a financial solution that bridges the gap.
Through the ImpactICT fund, WF activated an impact investment, giving StepStone the flexibility to move forward without delays.
“Through our innovative collaboration, we now have access to an operating line of credit that will enable us to continue our important work uninterrupted when we experience delays in receiving reimbursements from other funding partners," said Jason West, StepStone executive director. “Domestic violence survivors rely on StepStone for critical services, such as housing and advocacy, and investments like this give us the flexibility to access additional grant funding to meet the Wichita community’s growing need for our services."
ImpactICT at WF is designed to provide creative financial solutions that help businesses stay strong and sustainable. So far, $1.65 million in social impact investments from the Wichita Foundation have been infused in our community. These funds have helped Empower purchase the Empower Nomar Center, supported The Garages in their retail incubator program expansion, and more.
"With impact investing, we’re able to step in and provide resources that keep critical work moving forward," said Micaela Ramirez, Wichita Foundation strategic initiatives manager. “ImpactICT continues to address emerging needs in Wichita, fueling growth and vibrancy.”
For more information on ImpactICT, visit wichitafoundation.org/impact-investing.
