Momentum is picking up for investments that can produce a financial return while improving social conditions, as pressure persists on traditional funding sources and the ranks of social entrepreneurs increase.
Rising interest in so-called impact investing has many foundations either already making investments or considering them as an extension of their traditional philanthropy or grant-making.
Foundations “are motivated to extract the highest possible value from the resources at their disposal. It’s a moral issue, and it’s a question of efficacy,” Rip Rapson, president of the Troy-based Kresge Foundation, wrote in an email.
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