SPECIAL REPORT
May 31, 2017

Investing for Good

Heidi Yanulis for Catholic Relief Services
JUMPING IN: Catholic Relief Services made its first impact investment late last year, a $500,000 loan to Lafaza, a company in Madagascar that buys vanilla at fair prices from local farmers.

The Ford Foundation’s plan to earmark $1 billion for investments that promote its equity mission is shining the spotlight on investments that seek both financial and social returns. In this special report, we examine the role nonprofits and foundations play in the burgeoning field and look at how impact investing affects giving.

Article
May 31, 2017

More Foundations and Charities See Impact Investing as Key to Social Change

Commercial giants like Goldman Sachs and BlackRock are the big players in a burgeoning field, but philanthropic institutions increasingly view their investments as tools to tackle the world's toughest problems.

Article
May 31, 2017

Will the Rise of Impact Investing Leave Less for Gifts and Grants?

Some donors say the strategy is changing how they give in powerful ways; others doubt that it can displace traditional philanthropy, especially with causes like feeding the hungry.

Article
May 31, 2017

Nonprofits Innovate to Build Market for Mission Investing

Charities and foundations are tackling gaps in impact investing’s infrastructure to help fulfill the field's promise of social and environmental change.

Article
May 31, 2017

Impact-Investing Pioneers Take Stock and Adjust Course

For more than a decade, the Heron and Northwest Area foundations have invested their endowments with the goal of spurring social good. They’re drawing on lessons learned to tweak their approaches.

Article
May 31, 2017

Inside the Ford Foundation’s Billion-Dollar Gamble

Fifteen years after putting money from its program budget into Tesla as part of its environmental and economic-development strategy, the foundation is staking a hefty chunk of its endowment on similarly mission-focused investments.

Article
May 15, 2017

2 New Marketplaces Bring Impact Investors and Products Together

The services aim to expand mission investing by helping funds and enterprises raise capital faster and more efficiently.

Article
April 10, 2017

Community-Development Nonprofit Set to Issue $100 Million in Bonds

The Local Initiatives Support Corporation says the offering will allow it to tap into impact-investment dollars and be more flexible in its work.

Article
April 05, 2017

Ford Foundation Makes $1 Billion Pledge for Mission Investments

By promising a big chunk of its $12 billion endowment to businesses that reduce inequality, the nation’s second-wealthiest grant maker could spur peers to increase their impact investing.

Article
February 06, 2017

Surdna Foundation Commits $100 Million to Impact Investments

The New York family philanthropy also issued a report aimed at helping other foundations that want their portfolios to mesh with their missions.

Article
May 12, 2016

Foundation CEOs Struggle to Boost Mission Investing

The pressure for strong financial returns continues to overshadow efforts to do good by reallocating portfolios.

Article
September 18, 2015

New IRS Rule Likely to Make Impact Investing Easier

The agency offers guidance to grant makers just days before Kresge announces it will commit 10 percent of assets to social investing.

Article
May 19, 2013

Heron Fund Takes Radical Path on Investing

As the fund moves its $274-million endowment into impact investments, its most controversial approach is its shift way from a strict asset-allocation plan.