Where’s the Community Accountability in Impact Investing? | Non Profit News For Nonprofit Organizations | Nonprofit Quarterly

Where’s the Community Accountability in Impact Investing? | Non Profit News For Nonprofit Organizations | Nonprofit Quarterly: "The concept of impact investment, which has the explicit purpose of supporting economic and community development, is receiving a growing amount of attention from an increasingly diverse set of financial players. This emerging trend is one of the most exciting, and at the same time potentially problematic, trends I’ve seen over the last decade. As with any new field, impact investing raises consequential questions and issues, with the answers and intended results remaining up for grabs.

Let’s consider the following questions to start:"



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In Chicago: Impact Investing for the People, Not Just the Privileged - Inside Philanthropy - Inside Philanthropy

In Chicago: Impact Investing for the People, Not Just the Privileged - Inside Philanthropy - Inside Philanthropy: "Who said that big legacy foundations can't do cool stuff?

While conventional wisdom holds that it's do-gooders from the tech world who are disrupting yesterday's philanthropic models, making traditional grantmaking look quaint, you'll also find some legacy foundations operating on the new frontiers of philanthropy. Indeed, some of these funders were exploring different ways to deploy capital to improve society long before the recent social investing craze got underway. "



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The State Of Impact Investing: Is It A Houseboat Or Is It Brunch? - Forbes

The State Of Impact Investing: Is It A Houseboat Or Is It Brunch? - Forbes: "ince first getting engaged in the impact investing movement several years ago, I’ve participated in hundreds of dialogues ranging from one-on-one conversations, to college and business school classes, to large, institutional and conference gatherings in the thousands. From these experiences, two moments stand out in my mind with clarity, and both gave me pause. The first, at a conference of high net worth and philanthropically-minded individuals, I heard a humorous but cynical comment from a celebrated venture capitalist—it went something like this: “Impact investing is like a houseboat; it’s not a good house and it’s not a good boat.” Ouch… Do we ever have our work cut out for us if we are going to broaden this tent, I thought."



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New IRS Rule Likely to Make Impact Investing Easier - The Chronicle of Philanthropy

New IRS Rule Likely to Make Impact Investing Easier - The Chronicle of Philanthropy: "The Internal Revenue Service took a major step this week to calm grant makers’ fears about taking risks with impact investments, giving them a green light to commit more of their assets to investments that further their missions.

The news came just a few days before the Kresge Foundation’s Thursday announcement that it would put 10 percent of its endowment, or $350-million, into impact investing by 2020, one of the largest such commitments by a wealthy grant maker."



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Impact Investing as a Tool for Change

Impact Investing's Newest Champion -- the Millennial | Emily Yu

Impact Investing's Newest Champion -- the Millennial | Emily Yu: "When you think about Millennials, those born between 1979 and 1990, what comes to mind? Perhaps someone in their late 20s still living at home with their parents? How about the recent graduate who just completed their third master's degree? What about someone who has figured out how to use their money to create both financial and social return? Am I getting warm yet? I'm guessing that the savvy young investor was not your first pick..."



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Omidyar Network Pairs Grants With Investments To Solve Problems

Omidyar Network Pairs Grants With Investments To Solve Problems: "Omidyar Network, founded by Pierre Omidyar, founder of eBay, and his wife Pam, is a driving force in the movement toward impact investing, using investments to drive social impact.

Amy Klement, a partner at Omidyar Network or ON, explains the way she thinks about driving change, “Many ultra-high net worth individuals want to use the wealth they’ve acquired to make a social impact. Yet when creating a legacy, the power of markets often gets left out of their philanthropy.”"



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All investing is impact investing | Planned Giving Design Center

All investing is impact investing | Planned Giving Design Center: "Author Bruce DeBoskey highlights the changing attitude toward the investment of social capital that aligns it more with philanthropic mission and purpose."



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Community Foundations Embrace Impact Investing

Community Foundations Embrace Impact Investing: "A small, but growing, number of community foundations are starting to embrace impact investing in a big way.

That’s one of the conclusions of  A New Anchor Mission for a New Century, a report recently produced by Takoma Park, Md-based Democracy Collaborative. The authors studied 30 foundations  focused on  two areas, which sometimes overlap–impact investing and economic development."



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Nonprofit Impact Investing Assets Up 77% in 2014, Report Says - Government - The Chronicle of Philanthropy- Connecting the nonprofit world with news, jobs, and ideas

Nonprofit Impact Investing Assets Up 77% in 2014, Report Says - Government - The Chronicle of Philanthropy- Connecting the nonprofit world with news, jobs, and ideas: "Nonprofit organizations saw the assets they manage that are committed to social-impact investments increase 77 percent in 2014 compared with their 2012 level, according to a new report.

Foundations, pensions, educational endowments, and religious groups managed $4.04-trillion in such investments at the beginning of this year, according to a study released Wednesday.

Over all, assets managed with "su"



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Steve and Jean Case Tout ‘Impact Investments’ Instead of Giving Money Away - News - The Chronicle of Philanthropy- Connecting the nonprofit world with news, jobs, and ideas

Steve and Jean Case Tout ‘Impact Investments’ Instead of Giving Money Away - News - The Chronicle of Philanthropy- Connecting the nonprofit world with news, jobs, and ideas: "After a White House meeting in June, the couple committed $50-million to "impact investments," which they will make personally or through the Case Foundation, which Ms. Case runs. They joined more than 20 other foundations and financial firms that announced they would make a total of $1.5-billion in impact investments."



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