A group of family offices and foundations has announced plans to provide $12.5m in funding to participants in the financial services industry who are looking to build new impact investing initiatives.
Public advocacy and a shared system for measurement are critical to building a solid infrastructure for impact investing. But they haven’t received a lot of love from a lot of large funders.
A group of nine private and corporate foundations and family offices have pooled $12.5 million in a fund to draw more interest in impact investing and to ensure that investments made with the public good in mind truly make a difference.
