Elizabeth and Kevin Phillips found themselves on the leading edge of a seismic shift in giving when the young couple assumed leadership of Kevin’s family foundation. The choices they’ve made offer insights into how “generation impact” thinks.
Generational change is having a growing impact on family philanthropy, with younger board members stepping up to put their own stamp on institutions. The Nathan Cummings Foundation is one place where this dynamic is playing out.
More community foundations are getting behind impact investing, often with housing on the agenda. Recently, the Foundation for the Carolinas has attracted major corporate backing with a fund designed to boost affordable housing in the region.
As impact investing gains steam, a broader array of foundations are exploring how this strategy can advance their missions. Health legacy funders are the latest to get in on the action, including the Atlanta-based Healthcare Georgia Foundation.
The 2017 tax law created more than 8,700 zones around the U.S. with the goal of attracting new investment to poor areas. Now, funders like Mastercard and Rockefeller are stepping up to help communities get capital flowing.
Along with prominent community funders like the Cleveland Foundation and the San Francisco Foundation, the Arizona Community Foundation is emerging as a national impact investing leader. Here’s how ACF approaches nonprofit loans.
News keeps coming of community foundations expanding their use of impact investing, as they look to get more leverage on capital-intensive challenges like housing. The Cleveland Foundation is the latest institution to make a big new move in this space.