Archive for the ‘Impact Investing’ Category

Sustainability Focus, Extraordinary Performance

On Reaching New Milestones Humming the iconic bars to Pomp & Circumstance, the McKnight investment team celebrated the “graduation” of its first impact investment. On October 2, an early market-rate mission-related investment — Generation’s Global Equity Fund — “graduated” from the experimental impact portfolio to the main $2.2 billion endowment. Increasing our original $25 million […]

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How Can Foundations Influence Investors? Just Ask!

  Question: How does a comparatively small foundation get fund managers with $1.5 trillion dollars to stand up and be counted on climate change? Answer: Ask them.

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Let’s Embrace Our Philanthropic Fiduciary Duty

  Below is president Kate Wolford’s essay, “Let’s Embrace Our Philanthropic Fiduciary Duty,” originally published in the “Center for Effective Philanthropy’s report CEO Reflections on the Future of Foundation Philanthropy.” The Future of Foundation Philanthropy highlights “promising practices” in philanthropy, such as providing long-term general operating support, offering greater transparency, and learning from grantees. Agreed. […]

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Scrubbing Coal, Supporting Communities

  As of Feb. 1, 2016, the McKnight Foundation’s $188 million bond portfolio is coal-free. It’s a move we made to further align our investments with our grantmaking goals of building a low-carbon economy. And as this economy-wide transformation advances, coal debt is likely to become increasingly unattractive to long-term investors. The process was relatively […]

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Right Tools, Right Time: The Rise of Impact Investing

McKnight’s vice president of finance and compliance Rick Scott was recently interviewed by Goldman Sachs Asset Management’s (GSAM) Perspectives magazine about the Foundation’s impact investing program. An abridged version is reprinted here with permission; the full interview is available at GSAM online. Q&A with Rick Scott, Vice President of Finance and Compliance   GSAM: How has your thinking about […]

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