As a second generation family member, former entrepreneur, and the professional head of our family’s philanthropic umbrella, I oversee both our established portfolio of grants as well as our growing portfolio of impact investments. We have had enough success with our impact investments that I can identify three factors that have contributed to their positive performance:
- We have limited our impact portfolio to mission-related investments (MRIs) that are carved-out of the corpus of one of our foundations;
- We have sought to achieve risk-adjusted market-rate returns; and
- We have tried to ensure the same or greater social impact than would have been achieved had the funds been paid out as straight grants.
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