by Debra Schwartz Managing Director, MacArthur Foundation
Often, the most compelling impact investments are made, not found.
I have used that phrase over the years to describe how foundations and other impact-focused investors use “catalytic capital” to support social and environmental progress. These patient, flexible, “catalytic” investments are able to take on more risk and/or accept a lower return than commercial capital in order to finance gains that would not otherwise be possible.
by Teri Lovelace, President, LOCUS Impact Investing
Place-based impact investing is sparking community development projects that create more just, equitable local economies, and build prosperous, vibrant communities. Place-focused foundations, like community foundations and family foundations are exploring ways to complement their traditional grant-making with local investments that can catalyze positive community change.
by Annie McShiras, Investment Associate, Self-Help Federal Credit Union
Impact investing has emerged as a major force in philanthropy. Last year the Global Impact Investing Network conducted a survey showing that the estimated value of the impact investing sector doubled between 2017 and 2018, increasing from $114 Billion to $228 Billion in assets under management. The rise of impact investing signals a shift from a “do-no-harm” approach to a demand for investments that actively produce measurable positive social and environmental outcomes.
Wells Fargo continued its commitment to communities by increasing philanthropy and supporting affordable housing, small business, education, sustainability, and local issues.
Wells Fargo increased its philanthropic impact in 2018 by donating $444 million to nearly 11,000 nonprofits that help communities and people in need, surpassing its $400 million goal. The company has been committed to local communities throughout its 167-year history and has increased its philanthropy 25 times over the past 28 years.
Héctor L Ayala-Del-Río recently received an unexpected thank you card: It was from a local high school science teacher, explaining that she was having a challenging time in her classroom, but how a recent event that Ayala-Del-Río and his team organized made all the difference. She had attended an Amgen Biotech Experience (ABE) teacher appreciation event at the Caguas Science Center, and the act of being recognized “made her feel that everything was worth it and that she should keep going,” says Ayala-Del-Río of the University of Puerto Rico-Humacao.