
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.

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.

The Vistria Group
The Vistria Group invests in middle-market businesses to deliver both strong financial returns and meaningful social impact. The firm focuses on sectors where it can drive positive change, including healthcare, education, and financial services, targeting businesses who improve access, affordability, and outcomes for underserved communities. Vistria’s investment thesis is rooted in the belief companies addressing critical societal challenges will achieve superior performance.
One example of Vistria’s strategy in action is through its investment in Beacon Specialized Living, a provider of residential and support services for adults and children with intellectual and mental health disabilities. Vistria’s investment has helped Beacon expand its reach across six states (Minnesota, Wisconsin, Michigan, Pennsylvania, New Jersey, and Ohio) to improve recruiting and retention, provide further training for caregivers, and accelerate growth through new facilities and acquisitions, ensuring better care for the communities they serve.
One example of Vistria’s strategy in action is through its investment in Beacon Specialized Living, a provider of residential and support services for adults and children with intellectual and mental health disabilities. Vistria’s investment has helped Beacon expand its reach across six states (Minnesota, Wisconsin, Michigan, Pennsylvania, New Jersey, and Ohio) to improve recruiting and retention, provide further training for caregivers, and accelerate growth through new facilities and acquisitions, ensuring better care for the communities they serve.

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.

Ecosystem Integrity Fund
Ecosystem Integrity Fund was founded in 2011.
Ecosystem Integrity Fund is a cleantech venture capital firm targeting sustainable solutions addressing key threats to “ecosystem integrity”. They invest in early-stage companies focused on renewable energy, energy efficiency, food and agriculture, transportation, green chemistry, waste reduction, and climate resilience.
As of 2023, they have installed 2,062 MW of solar power, avoided 619M metric tons CO2 emissions, and reduced waste by 5.4 million pounds.
Ecosystem Integrity Fund is a cleantech venture capital firm targeting sustainable solutions addressing key threats to “ecosystem integrity”. They invest in early-stage companies focused on renewable energy, energy efficiency, food and agriculture, transportation, green chemistry, waste reduction, and climate resilience.
As of 2023, they have installed 2,062 MW of solar power, avoided 619M metric tons CO2 emissions, and reduced waste by 5.4 million pounds.

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.

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.