Giving Compass’ Take:
• The Caterpillar Foundation is one example of how foundations are going beyond writing a check. Instead, they’re forming partnerships and eyeing a return on investments.
• What can we expect to see from impact investing in the next decade?
In February, Caterpillar Foundation President Michele L. Sullivan stood atop a hill in Rwanda, nearly 8,000 miles from the comfort of her serene office in Peoria, Illinois. She had come to Rwanda’s Rulindo district to inspect a water-supply-boosting pipeline system that ran 2,000 feet up the hill to send residents clean water. She listened to stories of women whose children were now finally able to go to school instead of collecting water. And when Sullivan heard water gurgling through the pipeline, she was all smiles, knowing the foundation’s money had been put to good use.
Philanthropy used to be, ‘Here’s our check, we know you’ll do good, and away you go.’ But in today’s world, we’re not only going to give you a check, we want to know what you’re doing with it, and how many people will be impacted.
Founded in 1952 as the charitable arm of the global maker of construction and mining equipment Caterpillar Inc., the Caterpillar Foundation has always been interested in giving back to society. While the company focuses on building strong economies through traditional infrastructure—roads, bridges, and access to energy, for example—the Caterpillar Foundation helps build strong communities by bolstering human infrastructure, like basic human needs and access to education.
Read the full article on impact investing at The Atlantic.
Learning and benchmarking are key steps towards becoming an impact giver. If you are interested in giving with impact on Inspiring Stories take a look at these selections from Giving Compass.
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If you are ready to take action and invest in causes for Impact Investing, check out these Giving Funds, Charitable Organizations and Projects related to Impact Investing.