Investing in Flourishing aims to transform investment in youth by bringing a sustained flow of commercial capital for communities to invest in flourishing outcomes. We are working to unlock significant investment to pay for a high-impact portfolio of actions that help ensure every youth and their families flourish and succeed from before birth to young adulthood.

Read IIF One-Pager

Mission

Transform community flourishing through new access to capital markets.

Vision

Children, families, and communities flourish through innovative financing of collaborative, comprehensive, locally-led multi-sector initiatives.

Overview

In late 2023, the Federal Reserve Bank of New York launched a “Missing Markets” project, including what has become the Investing in Flourishing Initiative. The Investing in Flourishing Initiative was introduced at the NY Fed’s second annual Making Missing Markets convening in late 2024. Over 2025 and early 2026, IIF and its leading demonstration sites are completing detailed plans and seeking resources for comprehensive tests of change of the IIF model. In late 2025, demonstrations are underway in OH and MD, and IIF was featured again at the Making Missing Markets annual event.

In these excerpts from the 2024 Making Missing Markets conference, David Erickson, senior vice president of the Federal Reserve Bank of New York, presents the context and key MMM themes and John Williams, president and CEO of the Federal Reserve Bank of New York, describes who the initiative fits into the overall mission of the Bank to result in an economy that works for everyone.

Otho Kerr III, director of strategic partnerships and community impact investing at the Federal Reserve Bank of New York, introduces Tyler Norris, MDiv, and Leslie Walker MD (IIF co-conveners), who present an overview of Investing in Flourishing.