| Job Opportunities | | Program Officer, Health Innovation Fund, California Healthcare Foundation |
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Greetings!
Assessing social impact is challenging for foundations whether they are making grants, PRIs, or market-rate mission investments. We do know that effective evaluation begins with the articulation of clear, agreed on outcomes. Ideally, the outcome measures can be consistently applied across grant or investment portfolios so that the cost benefit of various investments can be compared. The Impact Investment and Reporting Standards (IRIS) are being developed to provide a common reporting language. A recent case study describing the KL Felicitas Foundation's use of IRIS illuminates how it can be valuable to philanthropic investors. Peter Berliner
Managing Director |
 In the News |
Lemelson Foundation Provides No-Interest PRI to Root Capital The Lemelson Foundation is providing a $500,000 no-interest PRI in addition to a three-year $600,000 grant to Root Capital, a nonprofit social investment fund that lends capital to farmer-owned cooperatives in Latin America, Africa, and Asia.
Omidyar Network Makes $2M PRI to the Media Development Loan Fund
The Omidyar Network announced nearly $5M in contributions, including this $2M PRI, as part of the expansion of its Government Transparency initiative. The expanded initiative supports journalism in the developing world, including investigative and citizen journalism organizations that provide citizens with access to credible information in order to increase citizen engagement and participation in civil affairs. |
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Upcoming Network Events |
As part of the PRI Makers Network's ongoing efforts to provide programs and services for community foundations, we are pleased to offer a new four-part webinar series beginning June 15 focused on helping community foundations establish or expand their impact investing programs. The webinars are available to members as a no-cost member benefit. Non-members pay a modest fee.
Regional Membership Meeting
The Latest in Mission Investing 
June 2 New York, NY Join the PRI Makers Network and Philanthropy New York for a discussion with local and regional foundations making program-related and market rate, mission-driven investments. Participants will discuss recent investments, trends, and the evolution of the field. |
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Resources of Interest |
Webinar Archive on Social Impact Bonds Available 
On May 9, 2011, PRI Makers Network and More for Mission co-sponsored a webinar on social impact bonds (SIBs) featuring Emily Bolton, director of Social Finance Ltd.(U.K.) and Tracy Palandjian, CEO of Social Finance Inc.(U.S.). Click on the above link to access the recording.
A Technical Guide to Developing Social Impact Bonds
This guide outlines the steps required to assess the feasibility of SIB. Starting with the identification of a social issue where an SIB might be applicable, the guide examines each factor that must be considered if an SIB is to be effective. The guide is written to assist those developing SIBs to reach a stage where it would be possible to establish a contract between a public sector commissioner and investors.
Grantmakers in Health Publishes Guide to Impact Investing
GIH, in partnership with GPS Capital Partners, prepared this new guide for health funders. The guide explains how impact investing can enhance a foundation's work, the steps to begin planning and implementing an effective program, and the spectrum of investing options. Lisa Richter, GPS principal, is the report's author. |
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New at the Network |
Welcome New Members!
Please join us in welcoming the following new foundation members:
Robert W. Deutsch Foundation of Baltimore is a private foundation funding regionally in a range of program areas.
The Massena Foundation of Seattle is a private foundation funding regionally in the areas of economic development and social justice.
Mozilla Foundation of Mountain View, CA is a public foundation promoting openness, innovation and opportunity on the web.
M.J. Murdock Charitable Trust of Vancouver, WA is a private foundation focused on strengthening and enriching the educational and cultural environment of the Pacific Northwest.
Toledo Community Foundation assists donors in making effective choices that match their philanthropic interests while creating a better community in the Toledo, Ohio region.
And our newest affiliate members:
harp-weaver LLC of Philadelphia is a philanthropic advisory firm that assists individuals and families with their charitable contributions.
Mission Throttle of Southfield, MI is a new L3C (low-profit limited liability company) working on a national level to create business tools to accelerate philanthropy.
National Development Council, located in New York City, is the oldest national nonprofit community and economic development organization in the US. It focuses on increasing the flow of capital for investment, jobs and community development to underserved urban and rural areas. |
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Events of Interest | |
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Social Investment Forum 2011 Conference
Wednesday, June 8 - 10
Washington, DC
This conference offers a chance to network with leaders of sustainable and socially responsible investing and will address such topics as private equity and alternative investments, evolving interpretations of fiduciary duty, investor strategies for climate change solutions, and foundation approaches to sustainable investing. |
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2011 Impact Investing Summit
June 13
Chicago, IL
The MacArthur Foundation invites you to the Impact Investing Summit (iiSummit) which aims to mobilize the power of private capital in the Midwest for social and financial return. Impact investing is an emerging asset class that is gaining increased recognition from institutional investors, high net worth individuals, and private foundations. In this nascent industry, learn about the range of options around financial returns, type and location of investment, and potential that exits. |
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Social Impact Exchange's 2011 Conference on Scaling Impact
June 15 - 16
New York, NY
PRI Makers Network members receive a 50% discount on registration for this conference, which will explore ways to support the growth of high-impact nonprofits. Social Impact Exchange is dedicated to creating a growth capital marketplace to fund the expansion of proven, high-performing nonprofits.
Featured Session of Interest:
Impact Investing and the Social Impact Bond
June 16
A panel of experts will describe recent efforts to establish SIBs in the U.S. and debate the potential impact and challenges of implementing SIBs. They will explore potential SIB offerings in different fields - including education, recidivism, foster care, housing and health - and present actual SIB project co-investment opportunities.
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