Philanthropy’s Little Secret: An Article on Foundations and Impact Investing
According to the Foundation Center, about 86,000 charitable foundations hold more than $890 billion in assets. In 2015, they gave out a total of $62.8 billion, averaging 7 percent across the industry.
This article, published in Yes! Magazine, discusses the shift in the philanthropic sector toward impact investing. Surfacing examples from MIE members Heron Foundation, the Bill and Melinda Gates Foundation, and Ford Foundation, the article higlights how foundations are looking closely at their missions, and ensuring that their investments are closely aligned with those missions. The article also discusses the role of Mission Investors Exchange in supporting the field of impact investing by providing foundations with the tools, resources and network to grow their impact investing practices.
See below for a link to the full article.