June 2019 | Field News and Resources
This page features this month's highlights, announcements, and general news related to advancements in the impact investing field.
- Mission Investors Exchange has partnered with Urban Institute to produce a set of three practitioner briefs on place-based impact investing collaborations. The briefs offer an understanding of the roles of foundations and other actors in place-based impact investing efforts, and collaborative models in nurturing the development and expansion of this work.
- This article spotlights Community Foundation of Louisville's Impact Capital fund, a $3.9 million fund created in 2014 that has to date deployed impact investments worth $2.6 million in community development and affordable housing projects in Louisville.
- Barron's Penta highlights Annie E. Casey Foundation's place-based impact investing efforts in Baltimore, Benefit Chicago's ecosystem design and impact investing products, and quotes MIE's Senior Vice President, Melanie Audette.
- ImpactAlpha features the three place-based impact investing practitioner briefs recently released by Mission Investors Exchange and Urban Institute, and goes on to summarize examples of collaborative efforts in Chicago, New York, Michigan, and Baltimore that are detailed in the briefs.
- In an open letter, the Presidents' Council on Impact Investing, a philanthropic leadership group facilitated by the U.S. Impact Investing Alliance calls on policymakers, investors, fund managers and philanthropists to work together to ensure communities have a voice in how investments in Opportunity Zones are implemented.
- A new report from Cornerstone Capital Management makes the case for the thematic fusion of gender, sexual orientation and gender identity, discussing how investors can consider investing for lesbian, gay, bisexual, transgender, queer and intersex (LGBTQI) equity alongside gender equity.
- The Global Impact Investing Network released its 2019 Annual Impact Investor Survey, which provides in-depth analysis of market activity, trends, and challenges faced by organizations engaged in impact investing.
- Arlington Community Foundation has received $3 million from Amazon to support affordable housing options for low-income individuals and families in Arlington and its surrounding areas. Arlington Community Foundation is the lead local partner in a national initiative called the Shared Prosperity Partnership – a collaboration among the Kresge Foundation, Urban Institute, Brookings Institution, and Living Cities which aims to strengthen and accelerate existing local efforts to generate inclusive growth for people of all races, ethnicities, and incomes.
- Read about how the Green New Deal is influencing how philanthropy is designing and funding environmental sustainability and economic equity. From impact investments to advocacy to community based collaboratives, this Fast Company article features the work of several MIE members.
- ImpactAlpha highlights Kellogg Foundation's commitment to racial inclusion by intentionally backing fund managers and entrepreneurs of color, and seeking investments that systematically reduce bias in the financial system and broader society.
- Pensions & Investments features Ron D. Cordes of the Cordes Foundation and Ellen Dorsey of Wallace Global Fund as they make the case that foundations should be leading the field in designing and implementing mission-related investment strategies.