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This Foundation Announces Move to 100% Mission-Aligned Impact Investing

Mission Investors Exchange Mar 15, 2018
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This Foundation Announces Move to 100% Mission-Aligned Impact Investing-giving compass
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The Nathan Cummings Foundation announced that they will align 100 percent of their nearly half-billion-dollar endowment with their mission in order to increase impact investing.  The Nathan Cummings Foundation is focused on creating a more just, vibrant, sustainable and democratic society and finding solutions to the two most challenging problems of our time – the climate crisis and growing inequality – and is one of the largest foundations to commit 100 percent.

“Our decision reflects our values and our aspirations, our assessment of the market, and the opportunity for NCF to both join and leverage a chorus of philanthropic and private sector investors changing the landscape for investing and the business model of philanthropy,” said NCF President Sharon Alpert.

American foundations collectively have trillions in assets but often only use the legally required 5 percent on their missions through grantmaking. This move asks the question of what is possible if foundations begin using the other 95 percent. “Our Board agreed according to our values, that the social and economic issues at stake within our democracy demand bold responses from our philanthropy,” said Nathan Cummings Foundation Board Chair Ruth Cummings.

The Foundation has already started looking at all of its investments to assess their alignment and develop a pipeline of aligned investment strategies across all asset classes and will provide an update at the end of 2018 to support other foundations that plan to leverage their endowments to increase impact.

“If you are investing for the long-term, you should consider the impact your investment decisions have on the future of society and the environment,” said Raul Pomares of Sonen Capital. “We believe that companies who effectively manage both the emerging risks and opportunities associated with environmental and social issues ultimately will outperform their peers.”

Read the full article about impact investing at Mission Investors Exchange. 

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Since you are interested in Impact Investing, have you read these selections from Giving Compass related to impact giving and Impact Investing?

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    Impact Investors Are Part of the Global Response to COVID-19

    Giving Compass' Take: • Impact investors are starting to come to the forefront in providing relief for those struggling with COVID-19 in three phases: response, recovery, and resilience.  • What gaps can impact investors fill that government aid isn't reaching?  • Here are three ways for impact investors to respond to the crisis.  Across the impact investing community, COVID-19 is prompting a global response that those of us in the impact investing community have been proud to witness. Impact investors are doing what they do best: leveraging the power of finance to address the world's biggest challenges. It is already becoming clear that the ripple effects of the pandemic intersect with many of the goals impact investors have focused on for years: broadening access to affordable health care and housing, creating quality jobs, and building more sustainable agriculture and energy systems. Among the hundreds of member organizations in the Global Impact Investing Network, tangible actions aimed at changing the course of the pandemic are unfolding. At the GIIN, we see those actions falling into three primary phases: a response phase, with a focus on immediate health and financial needs; a recovery phase, with a focus on rebuilding and tackling the social and economic impacts of the pandemic; and a resilience phase, with a focus on long-term systems change. In many cases, impact investors are adjusting financing terms for existing investees as a first and immediate response. By making debt repayment terms more forgiving, impact investors are ensuring that social and environmental enterprises can continue to provide critical services — even as many struggle to overcome virus-related cash crunches. Many impact investors also are offering bridge loans to their investees. Such loans are meant to help businesses cover expenses like payroll, rents, and other operational costs until emergency government aid arrives or consumer demand revives. Read the full article about impact investors by Giselle Leung at PhilanTopic.


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