By Devin Thorpe

A team of young social entrepreneurs has created an impact investing fund associated with Columbia University called 118 Capital that will operate as a nonprofit. The founders all have recent degrees from Columbia.

118 Capital will invest in the U.S. and Latin America, focusing on serving underprivileged groups there. The fund will engage students in the process, providing an excellent educational experience for them while providing low cost labor for the fund. The team is fundraising presently on the crowdfunding site Razoo, where the tally shows just over $50,000 donated.