With stakes in Anthropic, impact investors seek a seat at the AI table. Last month, Ford Foundation committed $5 million, Omidyar Network $1.5 million and the Nathan Cummings Foundation $1 million to purchase just under 250,000 shares of Anthropic, a major rival to OpenAI in the development of artificial intelligence. Omidyar Network’s Mike Kubzansky says he called a contact at Anthropic and asked, “‘Would it be helpful to have somebody who is there for the returns, but also for the impact considerations?’” The combined $7.5 million investment from the three impact investors is dwarfed by the $4 billion Amazon paid for its stake in Anthropic and the $2.5 billion Google invested (Microsoft is a major investor in OpenAI). “I should say we’re clear on how much influence we get,” Kubzansky tells ImpactAlpha. “We’re under no illusions.” But he says Anthropic’s corporate governance protections and its commitment to “constitutional AI” made it attractive to foundations keen to invest in responsible tech innovation. “The hope is to be in conversation with Anthropic and help them to live into their commitments.”
Upstart Co-Lab raises $15 million to invest in an inclusive creative economy. The nonprofit impact investor raised a mix of mission and program-related investments and recoverable grants from 14 investors including the Andy Warhol Foundation for the Visual Arts, the Ford, Marguerite Casey and Skoll foundations, the Souls Grown Deep Foundation, the Toledo Museum of Art, and Halloran Trust. The fundraise represents a first close on Upstart Co-Lab’s fund for entrepreneurs and fund managers bringing arts, culture and sustainable livelihoods to women, low-income communities and communities of color. “Creative industries like fashion, food and film employ people, build wealth in communities, and share stories and traditions that foster critical connections,” said Upstart’s Laura Callanan. Investments in the US’s $1 trillion creative economy, she added, “contribute to the kind of economic prosperity that democracy depends upon.”
Greening down payment assistance to create better homes and better mortgages. Scaling the $27 billion in Greenhouse Gas Reduction Funds requires large, established financial markets. Transforming down payment assistance is the key to greening the single-family mortgage market, argues James McIntyre of Inclusive Prosperity Capital, a nonprofit clean energy financing service that has been awarded funds from the GGRF. State and local housing finance agencies, or HFAs, have used down-payment assistance to accelerate homeownership among low and moderate-income families and first-time homebuyers, weaving programs into their bonds and mortgage-backed securities. “Many HFAs already use a wide variety of state and local resources to fund their down-payment assistance programs. Why not GGRF money leveraged with private capital?” suggests McIntyre in a guest post on ImpactAlpha. Making homes more efficient could be a boon to housing affordability and mortgage loan performance: Higher efficiency homes are associated with lower mortgage-default rates.
Don’t miss these upcoming ImpactAlpha partner events:
In New Orleans, the city’s housing finance agency has become a “green bank” to underwrite community solar, water treatment projects, and resilience hubs. …
Private equity fund managers looking for value-creation opportunities are increasingly finding their way to impact themes like climate-resilient and sustainable agriculture, employee engagement …
ImpactAlpha, January 19 – Impact investors have for years debated the need for embedded structures to incentivize impact outcomes for impact fund managers. …
ImpactAlpha, Dec. 15 – The $4 trillion muni market is so big that small movements in the pricing of bonds can mean shifts of …
ImpactAlpha, November 17 – That women are more adversely affected by climate change is well established (in impact and development circles at any …
This week’s Agents of Impact Call continued a tradition started nearly a decade ago by Fran Seegull of the US Impact Investing Alliance …
ImpactAlpha, Sept. 29 – It’s the age-old struggle: labor vs capital, workers vs. owners. But what happens when employees get a stake in the …
ImpactAlpha, August 25 – A growing ecosystem of Native-led entrepreneurs, lenders, financial intermediaries and nonprofits are driving Indian Country’s emerging economy. “It’s kind …
ImpactAlpha, July 28 – Most historically Black colleges and universities were formed during the Reconstruction era. In the more than a century since, Spelman, …
ImpactAlpha, Jun. 22 – Even as some politicians ramp up anti-ESG rhetoric, asset owners and allocators are signaling an appetite for investment strategies …
ImpactAlpha, Mar. 31 – The search for a universal metric to guide investments in racial justice and equitable wealth-building was…aspirational. “We are still a …
ImpactAlpha. Feb. 24 – “A labor market where workers have more opportunities and have more power and have more leverage is a good …
🎧 This Week in Impact. Host Brian Walsh takes up ImpactAlpha’s top stories with editor David Bank. Up this week: federal funds to …
The era of cake-ism (as in having it and eating it, too) has come to an inglorious end. “I think we’re in an …
Host Brian Walsh dives into ImpactAlpha’s top stories, with commentary from editor David Bank. Up this week: Tracking the players building the US’s …
ImpactAlpha podcasts are back! We’re pleased to share our revamped interview show, Agents of Impact, hosted by David Bank and Sherrell Dorsey, founder …
Impact(ed) is part of the ImpactAlpha Podcast Network, a set of shows hosted and produced by leading voices in impact and sustainable investing, …
On This Week in Impact, Brian Walsh dives into some of ImpactAlpha’s top stories, with commentary from editor David Bank. This week: the …
Venture capital invested nearly $500 billion in 2022. By investing into startups seeking transformational scale, successful venture-backed companies have the potential to change …
ImpactAlpha, Dec. 29 – “Net zero is not going to get us anywhere,” Ariane Mahler of Veridien Global Investors told David Bank of ImpactAlpha …
ImpactAlpha, Dec. 22 – Diverse innovators building for all customers in large industries like digital health, fintech and the future of work have been …
The numbers tell the story: overall attendance at COP28 is up threefold from last year – and the number of fossil fuel lobbyists …
Private foundations collectively control more than a trillion dollars of capital invested across a variety of traditional asset classes. A small portion of …
ImpactAlpha’s Amy Cortese speaks with Full Cycle’s Stephan Nicoleau at the start of COP 28 to hear what he’s expecting – and hoping …
In the realm of AI discourse, much attention is directed towards fostering responsible development of the technology itself (e.g. Is it free from …
Developing an investment strategy that meets our fiduciary requirements as resource stewards, embodies our racial justice values, and prioritizes the communities we serve …
(Editor’s note: In this conclusion to ImpactAlpha’s four-part Macro Impact series, contributing editor Rob Brown parses the economic signals for public and private …
Editor’s note: This guest post is sponsored by Impact Ventures by J&J Foundation, which supports ImpactAlpha’s Investing in Health coverage. In partnership with …
Editor’s Note: This article is part of a partnership between ImpactAlpha and Mission Investors Exchange (MIE) to present new ideas and perspectives in …
The way housing is financed and constructed in the United States has experienced little change in decades, leading to skyrocketing costs, barriers to …
“One million lives touched.” “800 jobs created.” “50,000 acres of land restored.” Capital allocators often see these types of punchy headlines in the …
Impact Frontier’s Impact Reporting Norms target a leverage point in the impact investing system: impact reporting. They promise to provide greater clarity and …
Ashish Kumar is a long-time climate investor and a market / ecosystem builder. He is a strategic advisor to Mati Carbon. This month, …
In one of Puerto Rico’s poorest neighborhoods, you can find what economists might call a “green shoot.” The plan for Oasis, a six-acre, …
Development finance institutions like to style themselves as the original impact investors. It was Lord Reith, the first chairman of the UK’s development …
To achieve stated climate goals, the U.S. government is embarking on what should be the largest coordination of private and public capital aimed …
The winner of a contest to sharpen the impact lens of students through deal sourcing and diligence was a team from London Business …
ImpactAlpha, January 26 – Ines Schiller got the idea for seaweed tampons while training in South Africa to be a marine environment guide. …
ImpactAlpha, Dec. 23 – Bold leaders. Taking action. Driving impact. That’s the tagline we’ve used for the dozens of Agents of Impact we profiled …
This article originally appeared on Inside Climate News, a nonprofit, independent news organization that covers climate, energy and the environment. It is republished …
Sustainable development? “More of the same.” Forest carbon credits? “Outside-imposed extraction.” Impact investing? “Are we really going far enough? Or are we just …
ImpactAlpha, September 8 — In 15 years in impact investing, Christopher Bentley noticed “a lot of for-profit companies focused on the criminal justice …
ImpactAlpha, August 18 – Monica Brand Engel’s advice to impact investors is this: Imperfect execution is ok. “Authentic impact is about accepting imperfection …
ImpactAlpha, Aug. 11 – Samuel Yeboah isn’t discouraged by the economic storm battering his home country of Ghana and many other emerging economies. “As …
Many investors look at promising new climate solutions and say, ‘Great, come back to me when you have traction.’ Azolla Ventures is more …
ImpactAlpha, June 30 – The first thing that Katherine Stodulka does when you meet her is suggest you meet someone else. Then she’ll …
ImpactAlpha, May 26 – A decade ago, investors pushed back against the loan products Jessica Espinoza was designing for female business owners as …
ImpactAlpha, May 12 – Nigeria-born climate entrepreneur and “professional nomad” Aina Abiodun is bullish on place-based climate innovation. “There is nothing more urgent than …
With stakes in Anthropic, impact investors seek a seat at the AI table. Last month, Ford Foundation committed $5 million, Omidyar Network $1.5 million and the Nathan Cummings Foundation $1 million to purchase just under 250,000 shares of Anthropic, a major rival to OpenAI in the development of artificial intelligence. Omidyar Network’s Mike Kubzansky says he called a contact at Anthropic and asked, “‘Would it be helpful to have somebody who is there for the returns, but also for the impact considerations?’” The combined $7.5 million investment from the three impact investors is dwarfed by the $4 billion Amazon paid for its stake in Anthropic and the $2.5 billion Google invested (Microsoft is a major investor in OpenAI). “I should say we’re clear on how much influence we get,” Kubzansky tells ImpactAlpha. “We’re under no illusions.” But he says Anthropic’s corporate governance protections and its commitment to “constitutional AI” made it attractive to foundations keen to invest in responsible tech innovation. “The hope is to be in conversation with Anthropic and help them to live into their commitments.”
Upstart Co-Lab raises $15 million to invest in an inclusive creative economy. The nonprofit impact investor raised a mix of mission and program-related investments and recoverable grants from 14 investors including the Andy Warhol Foundation for the Visual Arts, the Ford, Marguerite Casey and Skoll foundations, the Souls Grown Deep Foundation, the Toledo Museum of Art, and Halloran Trust. The fundraise represents a first close on Upstart Co-Lab’s fund for entrepreneurs and fund managers bringing arts, culture and sustainable livelihoods to women, low-income communities and communities of color. “Creative industries like fashion, food and film employ people, build wealth in communities, and share stories and traditions that foster critical connections,” said Upstart’s Laura Callanan. Investments in the US’s $1 trillion creative economy, she added, “contribute to the kind of economic prosperity that democracy depends upon.”
Greening down payment assistance to create better homes and better mortgages. Scaling the $27 billion in Greenhouse Gas Reduction Funds requires large, established financial markets. Transforming down payment assistance is the key to greening the single-family mortgage market, argues James McIntyre of Inclusive Prosperity Capital, a nonprofit clean energy financing service that has been awarded funds from the GGRF. State and local housing finance agencies, or HFAs, have used down-payment assistance to accelerate homeownership among low and moderate-income families and first-time homebuyers, weaving programs into their bonds and mortgage-backed securities. “Many HFAs already use a wide variety of state and local resources to fund their down-payment assistance programs. Why not GGRF money leveraged with private capital?” suggests McIntyre in a guest post on ImpactAlpha. Making homes more efficient could be a boon to housing affordability and mortgage loan performance: Higher efficiency homes are associated with lower mortgage-default rates.
Don’t miss these upcoming ImpactAlpha partner events:
In New Orleans, the city’s housing finance agency has become a “green bank” to underwrite community solar, water treatment projects, and resilience hubs. …
Private equity fund managers looking for value-creation opportunities are increasingly finding their way to impact themes like climate-resilient and sustainable agriculture, employee engagement …
ImpactAlpha, January 19 – Impact investors have for years debated the need for embedded structures to incentivize impact outcomes for impact fund managers. …
ImpactAlpha, Dec. 15 – The $4 trillion muni market is so big that small movements in the pricing of bonds can mean shifts of …
ImpactAlpha, November 17 – That women are more adversely affected by climate change is well established (in impact and development circles at any …
This week’s Agents of Impact Call continued a tradition started nearly a decade ago by Fran Seegull of the US Impact Investing Alliance …
ImpactAlpha, Sept. 29 – It’s the age-old struggle: labor vs capital, workers vs. owners. But what happens when employees get a stake in the …
ImpactAlpha, August 25 – A growing ecosystem of Native-led entrepreneurs, lenders, financial intermediaries and nonprofits are driving Indian Country’s emerging economy. “It’s kind …
ImpactAlpha, July 28 – Most historically Black colleges and universities were formed during the Reconstruction era. In the more than a century since, Spelman, …
ImpactAlpha, Jun. 22 – Even as some politicians ramp up anti-ESG rhetoric, asset owners and allocators are signaling an appetite for investment strategies …
ImpactAlpha, Mar. 31 – The search for a universal metric to guide investments in racial justice and equitable wealth-building was…aspirational. “We are still a …
ImpactAlpha. Feb. 24 – “A labor market where workers have more opportunities and have more power and have more leverage is a good …
🎧 This Week in Impact. Host Brian Walsh takes up ImpactAlpha’s top stories with editor David Bank. Up this week: federal funds to …
The era of cake-ism (as in having it and eating it, too) has come to an inglorious end. “I think we’re in an …
Host Brian Walsh dives into ImpactAlpha’s top stories, with commentary from editor David Bank. Up this week: Tracking the players building the US’s …
ImpactAlpha podcasts are back! We’re pleased to share our revamped interview show, Agents of Impact, hosted by David Bank and Sherrell Dorsey, founder …
Impact(ed) is part of the ImpactAlpha Podcast Network, a set of shows hosted and produced by leading voices in impact and sustainable investing, …
On This Week in Impact, Brian Walsh dives into some of ImpactAlpha’s top stories, with commentary from editor David Bank. This week: the …
Venture capital invested nearly $500 billion in 2022. By investing into startups seeking transformational scale, successful venture-backed companies have the potential to change …
ImpactAlpha, Dec. 29 – “Net zero is not going to get us anywhere,” Ariane Mahler of Veridien Global Investors told David Bank of ImpactAlpha …
ImpactAlpha, Dec. 22 – Diverse innovators building for all customers in large industries like digital health, fintech and the future of work have been …
The numbers tell the story: overall attendance at COP28 is up threefold from last year – and the number of fossil fuel lobbyists …
Private foundations collectively control more than a trillion dollars of capital invested across a variety of traditional asset classes. A small portion of …
ImpactAlpha’s Amy Cortese speaks with Full Cycle’s Stephan Nicoleau at the start of COP 28 to hear what he’s expecting – and hoping …
In the realm of AI discourse, much attention is directed towards fostering responsible development of the technology itself (e.g. Is it free from …
Developing an investment strategy that meets our fiduciary requirements as resource stewards, embodies our racial justice values, and prioritizes the communities we serve …
(Editor’s note: In this conclusion to ImpactAlpha’s four-part Macro Impact series, contributing editor Rob Brown parses the economic signals for public and private …
Editor’s note: This guest post is sponsored by Impact Ventures by J&J Foundation, which supports ImpactAlpha’s Investing in Health coverage. In partnership with …
Editor’s Note: This article is part of a partnership between ImpactAlpha and Mission Investors Exchange (MIE) to present new ideas and perspectives in …
The way housing is financed and constructed in the United States has experienced little change in decades, leading to skyrocketing costs, barriers to …
“One million lives touched.” “800 jobs created.” “50,000 acres of land restored.” Capital allocators often see these types of punchy headlines in the …
Impact Frontier’s Impact Reporting Norms target a leverage point in the impact investing system: impact reporting. They promise to provide greater clarity and …
Ashish Kumar is a long-time climate investor and a market / ecosystem builder. He is a strategic advisor to Mati Carbon. This month, …
In one of Puerto Rico’s poorest neighborhoods, you can find what economists might call a “green shoot.” The plan for Oasis, a six-acre, …
Development finance institutions like to style themselves as the original impact investors. It was Lord Reith, the first chairman of the UK’s development …
To achieve stated climate goals, the U.S. government is embarking on what should be the largest coordination of private and public capital aimed …
The winner of a contest to sharpen the impact lens of students through deal sourcing and diligence was a team from London Business …
ImpactAlpha, January 26 – Ines Schiller got the idea for seaweed tampons while training in South Africa to be a marine environment guide. …
ImpactAlpha, Dec. 23 – Bold leaders. Taking action. Driving impact. That’s the tagline we’ve used for the dozens of Agents of Impact we profiled …
This article originally appeared on Inside Climate News, a nonprofit, independent news organization that covers climate, energy and the environment. It is republished …
Sustainable development? “More of the same.” Forest carbon credits? “Outside-imposed extraction.” Impact investing? “Are we really going far enough? Or are we just …
ImpactAlpha, September 8 — In 15 years in impact investing, Christopher Bentley noticed “a lot of for-profit companies focused on the criminal justice …
ImpactAlpha, August 18 – Monica Brand Engel’s advice to impact investors is this: Imperfect execution is ok. “Authentic impact is about accepting imperfection …
ImpactAlpha, Aug. 11 – Samuel Yeboah isn’t discouraged by the economic storm battering his home country of Ghana and many other emerging economies. “As …
Many investors look at promising new climate solutions and say, ‘Great, come back to me when you have traction.’ Azolla Ventures is more …
ImpactAlpha, June 30 – The first thing that Katherine Stodulka does when you meet her is suggest you meet someone else. Then she’ll …
ImpactAlpha, May 26 – A decade ago, investors pushed back against the loan products Jessica Espinoza was designing for female business owners as …
ImpactAlpha, May 12 – Nigeria-born climate entrepreneur and “professional nomad” Aina Abiodun is bullish on place-based climate innovation. “There is nothing more urgent than …
Climate Finance The French government raised $7.5 billion, more than double its planned $3.2 billion, on a 2039 bond to fund energy efficiency, …