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.
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- Fund manager: Cambridge Associates
- Asset allocation: 80/20 equity/fixed income
- Expense ratio: 0.77%
- Inception date: April 1, 2024
- Time horizon: 7 or more years
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:
Ecosystem Integrity Fund
Ecosystem Integrity Fund
Ecosystem Integrity Fund (EIF) is a venture capital firm investing in companies which create practical solutions for environmental sustainability. The fund focuses on businesses addressing major challenges like climate change, resource efficiency, and ecosystem health, supporting innovations in clean energy, transportation, and sustainable products. EIF works closely with its portfolio companies to help them scale, aiming for both strong financial returns and measurable positive impact on the environment.
A clear example of EIF’s impact is its investment in ZeroAvia, a company developing hydrogen fuel cell technology for airplanes. ZeroAvia retrofits existing aircraft with engines powered by hydrogen, replacing traditional jet fuel and enabling zero-emission flight. The company has formed partnerships with major airlines—including United, Alaska, and British Airways—and leading manufacturers like Amazon and Mitsubishi Aircraft. By making air travel cleaner, ZeroAvia helps reduce carbon emissions and supports the shift to a low-carbon economy. EIF’s early investment in ZeroAvia reflects its strategy of backing scalable, systems-level solutions to environmental challenges, and the fund continues to support the company’s growth through follow-on investments.
A clear example of EIF’s impact is its investment in ZeroAvia, a company developing hydrogen fuel cell technology for airplanes. ZeroAvia retrofits existing aircraft with engines powered by hydrogen, replacing traditional jet fuel and enabling zero-emission flight. The company has formed partnerships with major airlines—including United, Alaska, and British Airways—and leading manufacturers like Amazon and Mitsubishi Aircraft. By making air travel cleaner, ZeroAvia helps reduce carbon emissions and supports the shift to a low-carbon economy. EIF’s early investment in ZeroAvia reflects its strategy of backing scalable, systems-level solutions to environmental challenges, and the fund continues to support the company’s growth through follow-on investments.
Community:
Rethink Impact Ventures
Rethink Impact Ventures
Rethink Impact Ventures is a venture capital firm investing in early-stage companies addressing pressing social challenges while generating competitive financial returns. The fund focuses on technology-enabled businesses across healthcare, education, economic empowerment and environmental sustainability, supporting underrepresented founders who bring new solutions to underserved markets and communities.
A clear example of Rethink Impact’s work is its investments in two digital care platforms: Bold and Wellthy. Bold is designed to help older adults improve strength, balance and mobility through evidence-based programs delivered in partnership with healthcare providers. These programs have led to fewer fall-related hospitalizations and increased physical activity among patients. Wellthy provides care coordination services for individuals managing caregiving responsibilities, helping families navigate complex healthcare systems and access needed support. Together, these investments show how Rethink Impact supports solutions to deliver meaningful health and quality-of-life benefits for individuals and families.
A clear example of Rethink Impact’s work is its investments in two digital care platforms: Bold and Wellthy. Bold is designed to help older adults improve strength, balance and mobility through evidence-based programs delivered in partnership with healthcare providers. These programs have led to fewer fall-related hospitalizations and increased physical activity among patients. Wellthy provides care coordination services for individuals managing caregiving responsibilities, helping families navigate complex healthcare systems and access needed support. Together, these investments show how Rethink Impact supports solutions to deliver meaningful health and quality-of-life benefits for individuals and families.
Healthcare:
1315 Capital
1315 Capital
1315 Capital invests in growth equity healthcare companies developing practical products improving patient care and healthcare delivery. The fund focuses on businesses with proven solutions addressing real-world needs across pharmaceutical products and outsourcing, medtech, and health and wellness. By backing companies with established traction, 1315 Capital supports innovation able to scale and deliver meaningful benefits to patients, providers and healthcare systems while pursuing strong financial returns.
A clear example of 1315 Capital’s impact is its investment in Nu-Tek Biosciences, which uses technology, helping make drug development more sustainable and efficient. Another portfolio company, Biocoat, develops specialized coatings for medical devices that reduce friction and improve performance in tools such as catheters and guidewires. Together, these investments demonstrate how 1315 supports healthcare solutions that enhance safety, efficiency and outcomes in everyday clinical settings.
A clear example of 1315 Capital’s impact is its investment in Nu-Tek Biosciences, which uses technology, helping make drug development more sustainable and efficient. Another portfolio company, Biocoat, develops specialized coatings for medical devices that reduce friction and improve performance in tools such as catheters and guidewires. Together, these investments demonstrate how 1315 supports healthcare solutions that enhance safety, efficiency and outcomes in everyday clinical settings.
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.
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.
Performance results will include Thrivent Charitable administrative fees and may differ from the results of the underlying fund.