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.
Posted Date: Wed, 03/06/2013 - 19:00
This is post is part of an ongoing impact investing series onRE: Philanthropy. In recent years, I have championed the potential of impact investing to unlock new forms and sources of capital for the social sector. But financial capital is just one piece of the puzzle. Through my work at the Rockefeller Foundation and more recently at Nonprofit Finance Fund (NFF), I have come to see that no single organization, idea, or type of capital is a cure-all for social issues.
Posted Date: Wed, 03/06/2013 - 18:55
This is the first post in an ongoing impact investing series on RE: Philanthropy. The new vision for the Council on Foundations, as President and CEO Vikki Spruill outlined in her blog post “Relevance + Network + Speed = Impact,” describes exactly how and why the Council is poised to support foundations interested in impact investing.
Posted Date: Wed, 03/06/2013 - 16:26
Despite having a steady job, a mom in South Carolina, who hopes to help her daughter go to college, cannot afford to pay rent in the city in which she works. A promising entrepreneur in Wisconsin has a great idea to improve his community but cannot get the loan needed to get his business off the ground. All over the country and globe, individuals aspire to live a comfortable life and contribute to their families and communities. Many circumstances contribute to the financial barriers that keep these individuals from achieving their dreams.
Posted Date: Wed, 03/06/2013 - 16:03
I first started working in the community foundation field more than 15 years ago. It goes without saying that I’m a big fan. I believe in this democratic model of philanthropy where the collective power of many creates powerful change. I’m also a fan because most community foundations understand that our work is constantly changing and adjusting to new needs. We cannot stand still. Indeed, the model of community foundation 15 years ago was vastly different than the one I see across the country now. The difference is the greater clarity about our leadership, and about our place-based expertise and connection. Community Foundation Week makes me reflect on that leadership.