
Thrivent Charitable
Impact Fund™:
Empower lasting change
Impact Fund™:
Empower lasting change
How can you do more for your communities, causes you cherish and for others? As your giving partner, we want to help you fulfill your hope to spread joy. Through our Impact Fund we have curated a selection of investments to support greater resiliency and quality of life for all by generating net positive social and environmental impact.

Fund overview
Our Impact Fund is actively managed and globally diversified for donors seeking a competitive financial return alongside net positive social and environmental impacts over the long term. The fund has exposure to public and private assets.
Download our brochure for summary information about this fund.
Learn more about this fund from thequarterly performance report .
- Investment manager: Cambridge Associates
- Benchmark: 80/20 equity/fixed income
- Expense ratio: .80% to .90%
- Time horizon: 7 or more years
Learn more about this fund from the
Case studies
The objectives of this fund are to support greater resiliency and quality of life for all by generating net positive social and environment impact through its investments and outperform the "market" (defined as simple 80/20 stock/bond portfolio).
These case studies are examples of investments that may be included in the fund.
These case studies are examples of investments that may be included in the fund.

Sustainable Agriculture:
Azolla Ventures
Azolla Ventures
Azolla Ventures was established with the mission to support early-stage companies developing innovative solutions to address climate change. The firm is backed by Prime Coalition, a nonprofit organization focused on catalyzing investments in breakthrough climate technologies. Azolla’s investment thesis is centered on the belief transformative technologies aimed at decarbonizing the global economy will deliver both significant environmental impact and strong financial returns.
One of Azolla’s notable investments is BioLumic, an early-stage company using UV light technology to naturally boost crop yields and resilience without relying on chemicals or genetic modification. Their innovative treatments have shown significant improvements in crops like strawberries and soybeans, helping farmers grow more food sustainably. BioLumic’s work supports global food security while reducing agriculture’s environmental impact.
One of Azolla’s notable investments is BioLumic, an early-stage company using UV light technology to naturally boost crop yields and resilience without relying on chemicals or genetic modification. Their innovative treatments have shown significant improvements in crops like strawberries and soybeans, helping farmers grow more food sustainably. BioLumic’s work supports global food security while reducing agriculture’s environmental impact.

Community:
Vision Ridge Partners
Vision Ridge Partners
Vision Ridge Partners is an investment firm focused on building a more sustainable future by investing in real assets supporting the transition to clean energy, sustainable agriculture, water infrastructure, and greener transportation. The firm’s strategy centers on acquiring and improving tangible assets—such as infrastructure and operating companies—essential to reducing carbon emissions and increasing resource efficiency. Vision Ridge aims to deliver strong financial returns while making a measurable positive impact on the environment, and they work closely with management teams to scale sustainable solutions across North America and select global markets.
An example of Vision Ridge’s work is their investment in Ditchrider, a company who owns farmland and water rights in the central and western U.S. Ditchrider helps make sure water is used where it’s needed most, such as providing water to local towns and communities. As water becomes harder to come by in some areas, Ditchrider’s work helps farmers and local residents have better access to this important resource. By supporting Ditchrider, Vision Ridge is helping people use water more wisely and supporting healthy farms and communities.
An example of Vision Ridge’s work is their investment in Ditchrider, a company who owns farmland and water rights in the central and western U.S. Ditchrider helps make sure water is used where it’s needed most, such as providing water to local towns and communities. As water becomes harder to come by in some areas, Ditchrider’s work helps farmers and local residents have better access to this important resource. By supporting Ditchrider, Vision Ridge is helping people use water more wisely and supporting healthy farms and communities.

Healthcare:
Seae Ventures
Seae Ventures
Seae Ventures is a venture capital firm focused on investing in early-stage healthcare companies that improve outcomes for underserved communities. The firm prioritizes businesses founded by women and people of color, supporting areas such as women’s health, mental health, and digital health solutions. Seae provides hands-on support to its portfolio companies, helping them grow and build diverse, inclusive teams, with the belief that addressing healthcare gaps leads to both social impact and strong financial returns.
A clear example of Seae’s impact is its investment in Health In Her Hue, a digital platform connecting Black women and women of color to culturally competent healthcare providers. In partnership with Blue Cross Blue Shield of Minnesota, Health In Her Hue offers no-cost access to members in Brooklyn Center, one of the state’s most diverse cities. This collaboration has led to significant improvements in mental health awareness, comfort with seeking therapy, and overall satisfaction with care. Health In Her Hue’s work highlights how Seae’s investments can drive meaningful change in local communities.
A clear example of Seae’s impact is its investment in Health In Her Hue, a digital platform connecting Black women and women of color to culturally competent healthcare providers. In partnership with Blue Cross Blue Shield of Minnesota, Health In Her Hue offers no-cost access to members in Brooklyn Center, one of the state’s most diverse cities. This collaboration has led to significant improvements in mental health awareness, comfort with seeking therapy, and overall satisfaction with care. Health In Her Hue’s work highlights how Seae’s investments can drive meaningful change in local communities.

Charitable Investments: Thrivent Charitable Impact Fund
Learn more about the Impact Fund
We believe investing in companies with responsible business practices, a commitment to long-term, sustainable value creation, and embracing the wider demands of all people and the planet we share, will generate outperformance relative to the market over the long term and have a positive impact on the communities in which they operate.

About Cambridge Associates
Since their founding in 1973, Cambridge Associates has been a market leader in building diversified investment portfolios. With 11 offices around the globe and a world-class network of managers, they offer the scale, resources, and networks of a global firm, coupled with the trust, independence, and personal attention of a boutique firm.
With $568 billion in assets under advisement, Cambridge Associates is building a custom portfolio to meet Thrivent Chartiable’s needs and goals, targeting to outperform the market. Their team believes its clients do not have to choose between long-term portfolio returns and positive, real-world impact.
With $568 billion in assets under advisement, Cambridge Associates is building a custom portfolio to meet Thrivent Chartiable’s needs and goals, targeting to outperform the market. Their team believes its clients do not have to choose between long-term portfolio returns and positive, real-world impact.
Donors must itemize deductions to receive a charitable income tax deduction. Charitable giving can result in tax, legal and financial consequences. Thrivent Charitable Impact & Investing® does not provide legal, accounting or tax advice. Consult your attorney or tax professional.
While diversification can help reduce market risk, it does not eliminate it. Diversification does not ensure a profit or protect against loss in a declining market. Investing involves risks, including the possible loss of principal.
Performance results will include Thrivent Charitable administrative fees and may differ from the results of the underlying fund.
While diversification can help reduce market risk, it does not eliminate it. Diversification does not ensure a profit or protect against loss in a declining market. Investing involves risks, including the possible loss of principal.
Performance results will include Thrivent Charitable administrative fees and may differ from the results of the underlying fund.