Karma: Creating an impact investing policy agenda

Impact investors have yet to reach universal agreement on measurement standards, but in the U.S. there is increasing recognition that the policy infrastructure for incentivizing responsible investments needs an update. This is especially true after a damning report on the use of Opportunity Zone legislation to enrich developers at the expense of local minority-owned businesses, despite efforts from impact investors to steer things in a more equitable direction. The Tipping Point Fund on Impact Investing, a $14 million donor collaborative led by the U.S. Impact Investing Alliance and funded by well-known philanthropiesissued grants to eight organizations to come up with the right mix of policy proposals — including tax breaks, fiduciary standards, and funding for CDFIs — to pursue, regardless of who wins in November.