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.

The collaboration is called the Tipping Point Fund on Impact Investing. The contributors are the Ford, MacArthur, Packard, Rockefeller, Surdna, and Visa foundations; the Omidyar Network; the Rockefeller Brothers Fund, and Blue Haven Initiative, a family office co-founded by Liesel Pritzker Simmons and her husband Ian Simmons, which manages impact-investing portfolios.

The fund will support policy changes designed to encourage new investors interested in helping the environment or to provide social benefits through their investments. It will also support efforts to collect and standardize how impact investments are measured.