Social and Behavioral Sciences Commons^™

Impact Investing: A 21st Century Tool To Attract And Retain Donors, Amy L. Cheney, Kathryn E. Merchant, Robert Killins Jr.

The Foundation Review

· A familiar private foundation tool is being used by the Greater Cincinnati Foundation as a way to engage donor advisors to make a positive difference in the community.

· While due diligence and risk management of the financial return for these investments is crucial, the social return to be achieved is the primary consideration.

· Donors can achieve a modest financial return, which is recycled into their donor-advised fund, by investing locally in projects that make a significant difference.

· Initial donor interest in participating in impact investing has been strong and provided valuable insight into program design.

· …