Giving Compass' Take:

• Rockefeller Philanthropy Advisors provides a guide for those starting out in the impact investing field based on three stages: Prepare, build and refine.

• Even those who are well-acquainted with impact investing could use a refresher on developing a sound strategy. Are we still aligning our portfolios with our values?

• Here's more on philanthropy’s unique role in impact investing.

To help donors create thoughtful, effective impact investing strategies, Rockefeller Philanthropy Advisors has refreshed its existing primer, Impact Investing: An Introduction, and released a new guide as part of their Philanthropy Roadmap series. The new guide, Impact Investing: Strategy and Action, lays out three practical stages to create and implement your specific investment approach:

Prepare. Before you embark on your investing journey, keep these big five considerations top of mind: why, what, how, when, and who. Why are you interested in impact investing? What kind of change do you want to create? How will you assess progress?

Build. Adding two key variables — desired level of engagement and risk tolerance — provides the groundwork to make your first investment.

Refine. As you move forward with your first investment, remember that your strategies are not set in stone. With experience comes invaluable lessons to refine your strategy.

Read the full article about at impact investment strategy at Rockefeller Philanthropy Advisors.