Charitable foundations want asset managers to start funding the data, measurement tools and frameworks that support the impact investment industry.

Eleven foundations and family offices, including Rockefeller, Ford and the Omidyar Network, recently granted a total of $3.3 million to impact data and measurement organisations via the Tipping Point Fund on Impact Investing, a grant-making organisation for the impact investment industry.

“It’s really the duty of the private sector who are using these tools to deploy money to help support it, ” said Fran Seegull, executive director of TPF. “We see these announcements coming quite often now of multi-billion dollar funds, fund assets gathering around ESG, climate and impact.”