Recently, we attended the annual Council on Foundations Family Philanthropy Conference, where our Managing Director of Strategic Initiatives, Jenn Pryce, led a 101-style workshop on impact investing. ?The diverse audience included foundation trustees, wealth managers, financial and philanthropic advisors, and impact investing practitioners. Throughout the conference, we were delighted by the sense of excitement about impact investing, but even more pleased to see the desire for action to move our field forward. As a group we examined the biggest barriers to growth and maturity for impact investing. We recognized the need for a more formal infrastructure and greater accessibility of impact investing products through traditional investment distribution channels. We also heard stories from leaders in the industry like Charly Kleissner, whose KL Felicitas Foundation is striving to allocate 100% of its endowment to impact investment vehicles. Interestingly, KL Felicitas Foundation has consistently outperformed its peers who have not incorporated any kind of social impact lens (see below).
This conference provided a bridge for the traditional financial and philanthropic communities to better understand their relationship to one another. As impact investing continues to grow, opportunities abound for advisors to work across the investment spectrum to achieve returns and impact simultaneously. At Calvert Foundation, we?re in the midst of laying the groundwork for new targeted investment initiatives like WIN-WIN. This will require collaboration between our partners in the investment and philanthropic communities, and ultimately provide new value for clients in both communities. We look forward to building dynamic partnerships in order to realize this vision for a more mature impact investing ecosystem.
Source: http://www.calvertfoundation.org/blog/2013/02/01/bridge-building-in-impact-investing/
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