Impact Investing
We invest in financially sustainable, scalable opportunities that uphold our mission and vision for older adults. Subscribe to our Impact Investing newsletter to stay updated on how we’re driving meaningful change through strategic investments.
Each of our investments is rooted in a commitment and focus on the needs of older adults. We combine our deep expertise within the aging and health sectors, with the capital needed to kickstart or scale innovative ideas that benefit older adults.
As an impact-first organization, we seek to elevate or reinforce the value of investing in this underserved population.
Our Investment Principles
Impact First
We prioritize investments with applicability to aging populations, specifically our priority populations.
Aligned to Our Strategic Priorities
All investments must demonstrate alignment to our strategic priorities.
Financially Sustainable
We prioritize investments that can meet our impact portfolio’s financial performance targets without sacrificing social impact.
Investments Portfolio
As of 01/2025
Planned $50M early-stage fund investing in workforce-tech and edtech companies focused on low-and-moderate income (LMI) Americans.
Planned $50M fund investing in seed companies providing affordable, quality financial services to LMI Americans.
Planned $250M real estate fund investing in retail and mixed-use developments in infill neighborhoods via a community engagement approach.
Seed-stage company developing solutions to combat algorithmic bias via the validation of clinical algorithms.
Planned $100M debt fund lending to social service providers in health equity, workforce development, and other sectors via outcomes-based financing.
DANDELION HEALTH
Advancing Algorithmic Equity in Healthcare for Older Adults from Underrepresented Patient Populations
Through a public-private partnership with technology innovator Dandelion Health, The SCAN Foundation aims to advance algorithmic equity for older adults, especially for historically marginalized populations. The partnership will expand Dandelion’s algorithm validation offering to include social determinants of health (SDOH) of older adults, enabling developers, health systems, and payers from acute to community care settings to create more equitable algorithms used in healthcare AI and other technology applications.
JFFVENTURES (JFFV)
Early-Stage Workforce Venture Fund Announces $15MM First Close
The SCAN Foundation announces its funding of JFFVentures; the firm’s second fund will back tech startups connecting workers with opportunities to build a stronger, more inclusive workforce
JFFVentures, an impact fund strategically aligned with the nonprofit Jobs for the Future (JFF), announced the first close of its second fund today. With a target of $50 million, JFFVentures Fund II will back founders with lived experiences who are building innovative HR, education, and workforce solutions that enable economic mobility for workers in middle to low-wage jobs.
“The SCAN Foundation is proud to participate in the first close of the JFFVentures Fund II, reflecting our unwavering commitment to fostering a world where all older adults can age at home with purpose. Employment not only provides older adults with a sense of purpose and community, but also enhances their financial resilience.
The establishment of this fund is pivotal in driving innovation aimed at creating a more diverse and inclusive workforce that will benefit older adults and enrich the labor market as a whole.”
Meet the Impact Investing Team
VP, Innovation and Investments
Anika Heavener
Anika S. Heavener is Vice President of Innovation and Investments at The SCAN Foundation. Throughout her career, Anika has developed extensive experience in both investment and operating roles. Her investment expertise began…
Director, Impact Investments
Brendan Ahern
Brendan Ahern is TSF’s Director of Impact Investments. He’s based in Boston and brings nearly 15 years’ experience in impact investing, investment banking, and consulting across the US and emerging markets.
Program Manager of Innovation
Xenia Viragh
Xenia Viragh is the Program Manager of Innovation for The SCAN Foundation. She will be focused on expanding the Foundation’s Innovation and Investments portfolio.