Posted Date: Mon, 02/02/2015 - 16:00
Economic development is at the center of the Maine Community Foundation’s strategic priorities. We believe greater access to lower cost capital will allow entrepreneurs and innovators from both the nonprofit and for-profit world to grow enterprises and expand projects that build off our natural assets, revitalize our downtowns, and strengthen our economy.
Posted Date: Wed, 01/28/2015 - 16:39
Last week more than 200 foundation leaders, policymakers, academics, entrepreneurs, and experts came together at George Washington University (GWU) for an invitation-only gathering to advance the development of what many call the “fourth sector”—for-benefit organizations that primarily pursue social or environmental aims, while raising a substantial proportion of their revenue through earned income or commercial activities. The Federal Reserve Board, the University’s Trachtenberg School of Public Policy, the Urban Institute, and The B Team convened the event.
Posted Date: Tue, 01/20/2015 - 16:13
Last week, the Milstein Commission, a national initiative co-chaired by Steve Case and Carly Fiorina, released a report, Can Startups Save the American Dream? The report highlighted over how the past quarter-century, startups and small businesses accounted for 65% of net job creation, yet today, job creation among startups is at its lowest point since 1980.
Posted Date: Thu, 08/07/2014 - 11:00
Here’s proof you don’t need an endowment to have a significant and disruptive impact on your region’s philanthropic landscape.
Posted Date: Wed, 07/02/2014 - 14:32
Many community foundations are recognizing that impact investing can be a powerful tool in our philanthropic toolbox. Mission investments are investments made by foundations to further their philanthropic goals. Since 2009, the Seattle Foundation has committed $4 million of its unrestricted endowment assets to extend access to capital and expand economic opportunities for low income communities in our county.
Posted Date: Mon, 06/30/2014 - 13:44
At the White House this week, foundation executives, including the Council’s President and CEO Vikki Spruill, met with senior Administration officials for a roundtable on the future of impact investing. A complement to charitable giving and foundation grantmaking, impact investing offers a powerful opportunity to provide cash, loans, or equity capital to an organization, fund, or company that intends to generate measurable social or environmental impacts, alongside financial returns.
Lending a Hand: Southwest Initiative Foundation taps unique micro-financing program to help local entrepreneurs and businesses
Posted Date: Thu, 06/26/2014 - 16:28
Jenni Harris had driven by the Southwest Initiative Foundation thousands of times on her way to work, yet she never really knew what the organization did.
Posted Date: Fri, 06/13/2014 - 11:55
As a foundation whose roots trace back more than 80 years, reflection on the past is a key part of our process for moving forward. Are we staying true to the values and the intent of our late founder, Will Keith Kellogg, as we steward the resources he left to improve the lives of children and families? And can we employ new approaches to using those resources to maximize our impact on those he cared about most?
Posted Date: Thu, 06/05/2014 - 13:57
At the Council on Foundations’ (COF) 2010 conference in Denver, we were inspired by Rockefeller Foundation President Judith Rodin to intensify our efforts to engage individual donors in impact investing as co-investors. A timely Rockefeller grant helped not only The Greater Cincinnati Foundation (GCF), but also dozens of other community foundations through a webinar series co-hosted with the Council on Foundations. The series explained how we assessed the feasibility of donor engagement, and how we structured our program to incorporate both discretionary and donor advised assets.
Oxford University Said Business School Offers Inaugural Impact Investing Event Following Skoll World Forum
Posted Date: Fri, 03/08/2013 - 10:49
Over the past several years, no strategy for change has captured the imagination of philanthropy more than impact investing. In the United States and even more so in emerging markets, people and institutions with financial means are deploying those resources in new and sometimes innovative ways. Right or wrong, some of the newer players are convinced that donations alone are not the solution to our world’s challenges. Indeed, some have considered structuring new entities that leapfrog over more traditional philanthropic strategies. Even tried and true grantmaking, the backbone of American philanthropy for more than a century, has gotten the cold shoulder from some of these new players.