Impact. That’s what every grantmaker seeks. But mention equity and diversity to the philanthropic community and often the conversation turns to the struggle of making outcomes match ideals. Work done in vulnerable and distressed communities often falls short of intended outcomes or doesn’t translate into lasting impact. Because the needs and perspectives of low-income communities, often comprised of people of color, have been systematically disregarded in decisionmaking about growth and development, the Funders’ Network developed the PLACES Fellowship. The PLACES Fellowship develops tools and provides resources to help funders understand and eliminate the disproportionate impact of these decisions.