The board and staff of the Mary Reynolds Babcock Foundation are pleased to announce Julius E. Kimbrough Jr. will serve as the Foundation’s first impact investment officer.
Kimbrough comes to MRBF from Stonehenge Capital, where he managed the federal New Markets Tax Credit program and helped source other economic development finance opportunities. Before joining Stonehenge, Kimbrough served as executive director of a community land trust, pioneering affordable residential and commercial real estate solutions across New Orleans. He also headed Liberty Bank and Trust Company’s community development unit, which helped families finance affordable homes, and provided capital to small businesses and agencies nationally. Kimbrough also has served as a foundation program officer, urban planner, economic analyst and investment banker.
“I am super excited to serve as the Mary Reynolds Babcock Foundation’s first impact investment officer. Given their faith in me, together we will explore the intersection of American democracy and economic opportunity to leverage more equitable and bountiful outcomes on behalf of all Southerners, especially Black and brown families and communities seeking to overcome underinvestment.”
The creation of this position is the latest step in MRBF’s evolution in investing in ways that advance its mission, vision and values. Since 2014, MRBF has implemented environmental, social and governance best practices across its portfolio. In 2020, the Foundation embarked on a process to center racial equity in every aspect of its work, including investment strategies. Kimbrough will work with the Foundation’s investment committee, board and staff colleagues to continue to reimagine, develop and drive innovative strategies to use capital and markets to build power and advance racial justice across the South.
Kimbrough holds a degree in history from Hampton University and master’s degrees in both business administration and public policy from the University of Chicago.