Thursday, May 3, 2018

Nathan Cummings Foundation All-In on Impact Investing

NCFThe Nathan Cummings Foundation recently announced that it will move 100 percent of its nearly half-billion dollar endowment into investments that align with its stated mission, which is:

The Nathan Cummings Foundation is rooted in the Jewish tradition and committed to democratic values and social justice, including fairness, diversity, and community. We seek to build a socially and economically just society that values nature and protects the ecological balance for future generations; promotes humane health care; and fosters arts and culture that enriches communities.

The Foundation's approach to grantmaking embodies some basic themes in all of its programs:

  • concern for the poor, disadvantaged, and underserved;
  • respect for diversity;
  • promotion of understanding across cultures;
  • and empowerment of communities in need.

This move expands upon the Foundation's previous, more limited impact investing, and shareholder activism. The Foundation plans to provide an update on this effort by the end of 2018.

Lloyd Mayer

http://lawprofessors.typepad.com/nonprofit/2018/05/nathan-cumming-foundation-all-in-for-impact-investing.html

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