January 2020 | Field News & Resources
This page features this month's highlights, announcements, and general news related to advancements in the impact investing field.
The Kresge Foundation and ten other organizations have launched the Community Investment Guarantee Pool, a new tool for community development finance and the first of its kind in the U.S.
- The Kresge Foundation has committed $3.3 million to accelerate the market development of solar PV plus battery storage technologies in historically underserved communities.
- The Urban Institute has created a new tool in collaboration with the Bill and Melinda Gates Foundation and the Kresge Foundation to assess the potential social impacts of Opportunity Zone investments.
- Microsoft Philanthropies has committed an additional $250 million to affordable housing in Seattle, in the form of a line of credit to the Washington State Finance Commission. The organization has also deployed $55 million in investments and grants, funded by its original $500 million commitment, announced one year ago.
- Inside Philanthropy tackles the question of why so many large foundations have chosen not to follow in the footsteps of the Rockefeller Brothers Fund and divest from fossil fuels.
- Foundation investment strategies risk being perpetually out of sync with the real-world needs of investees. This Pioneer Post article explores how to get social investment back on track.
- Born2Invest looks at the role impact investors play in helping communities recover from natural disasters.
- Pioneer Post reports on what happens when a philanthropic foundation decides to offer “repayable grants” for the first time.
- All environmental, social and governance funds are not created equally, and some funds may not be so green. An Associated Press follows up on BlackRock’s announcement that it will put climate change at the center of its investment strategy.
- This Journal of Private Equity article by Joe Milam of AngelSpan reviews the research for Place-Based Impact Investing, identifying the current thought leaders, and describing some of the early efforts at mobilizing “legacy capital” into communities to support the growing but underfunded innovative companies.
- Just 2.9 percent of 401(k) plans have even a single fund dedicated to environmental, social and governance issues. This New York Times piece offers employees a guide to changing that.
- Mary Reynolds Babcock Foundation grantees make progress in the South on issues such as criminal justice reform, voting rights, immigrant protection and economic opportunity.
- Daniel Shaw and Isa Catto of the Catto Shaw Foundation share why they place their family foundation assets in socially responsible investment vehicles.
- The GIIN’s second global survey of the state of impact measurement and management digs into investors’ objectives and motivations, strategies for understanding and improving their impact, and processes for holding themselves and their investees accountable.
People Moves & News
If your organization has a personnel announcement to share, please email Rebecca Price at [email protected].
The David and Lucile Packard Foundation selected Nancy Lindborg as its new president and CEO. Lindborg formerly served as president and CEO of the U.S. Institute of Peace.
Sharon Alpert is stepping down as President and CEO of the Nathan Cummings Foundation.
- Mission Investors Exchange board member Robynn Steffen joined the founding leadership team of the Climate Leadership Initiative as Chief Operating Officer.
- Boston Foundation CEO Paul Grogan is stepping down, ending 19 years at the helm of New England’s largest community foundation.
- Margot Brandenburg joined the Ford Foundation as mission investments Senior Program Officer. She formerly served as managing director of the impact investing team at the Rockefeller Foundation.
- Tiedemann Advisors appointed Richard Woo, formerly CEO of The Russell Family Foundation, to its Impact Advisory Council.
- John Bernstein, formerly chief operating officer of the Ford Foundation, has been named Chief Financial Officer of Vulcan, where he will oversee the firm’s philanthropic activity.
- The Bainum Family Foundation has named David Daniels, its former Chief Operating Officer, as the new CEO and President of the organization.
Share jobs with the Mission Investors Exchange community here!
- MIE is seeking a Temporary Coordinator to support its program team in the development and implementation of MIE’s signature in-person and online peer-learning programs.
- New Venture Fund is a C3 Grantmaking Program Officer. Candidates must be creative problem-solvers we are energized by building a strong, effective grant-making program with visible results.
- Tipping Point Fund is seeing a Lead Program Officer to refine and execute their grantmaking strategy.
- The David and Lucile Packard Foundation are seeking an Investments Managing Director and Investment Analyst to join their investments team.