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December 01, 2015
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Foundations Are Cautious on Impact Investing

J. Emilio Flores/The New York Times/Redux

SEEING THE LIGHT? - F.B. Heron, one of the few foundations aggressively moving into impact investments, backs Solar City and other renewable-energy companies through a venture-capital firm.

Impact investing is all the rage — on Wall Street. Foundations, it seems, haven’t yet fully bought into the idea.

The term is a marketer’s dream — "impact investing" has caught on in a way that terms like "socially responsible investing...

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