The ‘Evaluating Risk and Return for Community Impact Investments’ projects seeks to engage one masters level student intern for one semester to work with the partners in designing a new evaluation tool or framework for the risk and return of community impact investments. The intern will gain an understanding of the investment policies and risk tools in place at the partnering organizations and will research how other organizations are evaluating the risk and return on impact investments. With this research, best practices will be summarized and an evaluation tool will be created. Vancity Community Foundation and Vancity Credit Union will benefit from this project, as they would like a more systematized evaluation tool for their own community impact investments.