Impact Investing Eyed by More Community Foundations, Study Finds
As community foundations pay more attention to underlying structural causes of poverty, a small but growing number of them are experimenting with investing in social enterprises to meet their mission, Forbes writes. The article cites recent research by the Democracy Collaborative, a Takoma Park, Md.-based nonprofit that promotes community-development strategies.
The group studied 30 foundations that focus on impact investing and economic development and identified key strategies like working with community-development financial institutions, creating loan funds to capitalize social enterprises, or investing directly in such ventures. A $34.6-million community foundation in Wisconsin recently pledged to commit its assets to impact investments.