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“Societal shift” around philanthropists using endowment for positive impact
Philanthropists’ interest in incorportating impact investing, both in grantmaking and their endowment, is growing, according to two philanthropic support organisations.
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Impact Europe and Philea (Philanthropy Europe Association) have released new guidance for philanthropists looking to diversify. They say they’ve had incresing interest from philanthropic organisations wanting to know more about how best to invest for impact with both grantmaking and endownment.
The organisations’ new joint report Philanthropic Organisations Using the Entire Toolbox for More Impact also talks of a “wider societal shift” in expectations for endowments investing to create more than financial returns (ie, social and / or environemental returns).
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