A coalition of major impact investors seeking to build out the field made its first round of grants, funding initiatives that focus on public policy and increasing the flow of private capital to urgent social problems.
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. 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 philanthropies, issued 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.
Omidyar Network: Funding the Rails on Which We Ride: Why We Invested in Impact Investing’s Tipping Point Fund
Inside Philanthropy: As Impact Investing Reaches a Tipping Point, a Fund to Scale the Market with Integrity
Mission Investors Exchange: The Tipping Point Fund on Impact Investing Aims to Protect Integrity in Impact Investing
A group of foundations has launched a fund meant to safeguard the “impact” in impact investing as the practice grows and more traditional investment firms enter the market.