Business Commons^™

The Field-Building And Grantee Experimentation Role Of Foundations In Impact Investing As Illustrated By A Gender-Lens Investing Case Example, Courtney Bolinson, Laura Allan

The Foundation Review

This article argues for foundations to play two critical roles in the impact investing ecosystem: to commission and/or support research that helps build more equitable and socially just impact investing and to fund grantee-specific experimentation in areas of impact investing and social enterprise that are nascent or developing.

To illustrate what this can look like, this article presents action research conducted on gender-lens investing, describing in detail a 2019 Mastercard Foundation grant to Engineers Without Borders Canada. The project involved two main goals: testing and developing gender-lens investing tools and processes with seed-stage investees during pre- or post-investment phases and …

Leveraging Foundation Balance Sheets For Greater Impact: Piloting A Pooled Guarantee Program, Jane Reisman, Jim Baek, David Newsome, Christine Ryan

The Foundation Review

A guarantee instrument is a credit enhancement tool that can enable philanthropies to unlock millions or billions of dollars for societal impact. The Community Investment Guarantee Pool, created in 2019 by a collaboration of philanthropies and allied impact investors, or guarantors, is a novel initiative that uses guarantees to leverage the balance sheets of foundations and other institutional investors for enhancing the credit of intermediaries in the affordable housing, small-business, and climate markets. As the guarantees are unfunded, foundations continue to keep their endowment invested in the conventional market.

This article describes the Community Investment Guarantee Pool, details its theory …

Faith-Based Public Foundations: Identifying The Field And Assessing Its Impact, Allison K. Ralph, Brad R. Fulton, Samuel Allen

The Foundation Review

Charitable activity is a core tenet of most faith traditions, and many charitable organizations have a religious identity. However, little is known about the prevalence and scale of faith-based foundations, and how they differ from secular foundations.

This article identifies the field of public foundations, differentiates between faith-based and secular foundations, and compares their characteristics by analyzing Form 990 data. An analysis of these data estimates that 24% of all public charities operate as foundations and that 17% of public foundations are faith-based. These findings are used to generate first-ever estimates for the entire field of public foundations.

This analysis …

Grassroots Environmental Justice Work And Philanthropy: Challenges And Opportunities, Jennifer S. Ramirez, Ana I. Baptista, Molly Greenberg, Adrienne Perovich, Anna Yulsman, Antonio Lopez, Andrew Rosenberg

The Foundation Review

Across the United States, grassroots groups within the environmental justice movement are leading important work on the front lines of the climate crisis, especially in marginalized communities. Despite the importance of these organizations, the philanthropic sector has devoted the lion’s share of environmental funding to more mainstream nonprofits.

Building Equity and Alignment for Environmental Justice and the Tishman Environment and Design Center at The New School conducted a landscape assessment study of environmental funders and grassroots environmental justice organizations in the Gulf South and the Midwest. The study had four research aims: gain a greater understanding of environmental justice funding, …