Dealflow | January 26, 2017

Impact-first foundations are expanding their investment strategies

The team at


A new series in Stanford Social Innovation Review highlights the impact investment strategies of major U.S. foundations.

Carol Larson writes the Packard Foundation is “moving upstream” to help launch more climate-action financing vehicles, such as the US-India Clean Energy Finance initiative, and helping financing matchmakers like Sunfunder establish a track record.

Rip Rapson explains Kresge Foundation’s commitment of $350 million — 10 percent of its endowment — to investments like Detroit Home Mortgage, which is reviving neighborhoods by helping homebuyers get loans.

“When innovative foundations assume more risk so that other investors can assume less, they increase the capacity for impact,” writes Matt Onek of Mission Investors Exchange.

For more on foundation impact investing see ImpactAlpha’s coverage in Full Stack Capital.

Photo credit: Sunfunder