Penelope Douglas has spent her career at the intersections of social investment, community investment, and artist-led social impact. For the last 10 years, she has focused on artist- led systems change in communities through CultureBanq, an enterprise she co- founded. In this work, as in her prior career, Penelope translates vision into highly innovative community- led initiatives. Reimagining investment for more productive and equitable impact on community wellbeing is at the heart of her work.
CultureBanq and its sister initiative culture therapy have seeded several place based artist- led and designed experiments in the last 24 months in urban and rural neighborhoods.
She has also advised national organizations, including One Nation One Project, The Lewis Prize for Music, and The Guild of Future Architects.
From 2020-2022 she was the Chief of Strategy for Yerba Buena Center for the Arts, where she guided a multifaceted approach encompassing artist centered investment, art and community partnerships, philanthropy, technology, and measurement of impact. Among many initiatives she guided were the Artist-Led Giving Circle, fiscally sponsored by YBCA, and the first in the country Guaranteed Income Pilot for artists.
Throughout her career Penelope has performed executive roles and established networks across banking, community development finance, social enterprise, impact investing, and arts and culture. She served as the co-founder and CEO of Pacific Community Ventures, a community investment organization (CDFI) investing in and advising small businesses to create good jobs in low-income communities. She was a senior executive and Chair of the largest impact investing conference, SOCAP.
Penelope’s work is rooted in her passion for communities to build the best models for themselves, the power of cross-sector collaboration, and the opportunity for new models of investment in communities.
Penelope has served as a board member of numerous businesses and nonprofit organizations. She served as a Director and headed the Governance Committee for New Resource Bank (acquired by Amalgamated Bank), and as a director of the Opportunity Finance Network. Currently, she serves on the board of Aeris. Penelope graduated from Smith College. She is an artist.
Penelope Douglas will be speaking on the panel, Building Power in Place: Investing in Artist-Led System