Newsletter Title
Innovate Leverage GrowJune 2011
In This Issue
Job Opportunities
PRI Associate, The David and Lucile Packard Foundation
Join the Network

Greetings!   

   

Community foundations have lots of options in crafting impact Marc RandDebbie Rooneyinvestment strategies. As part of our current webinar series, Debbie Rooney described the Vermont Community Foundation's  experience over ten years with local impact investing, including cash deposits, bonds, loans and venture capital targeted within Vermont. Marc Rand discussed Marin Community Foundation loan programs for nonprofit organizations. Vermont makes extensive use of intermediaries. Marin makes loans directly and engages donors as impact investors. Each community foundation's investing program is different, but all have the flexibility to use these tools. Click here to register for the remainder of the series or email us to access the recording. For more examples of community foundation investments go to: Equity Advancing Equity.

Peter Berliner

Managing Director

IntheNewsIn the News

Jessie Ball duPont Fund Allocates $10 Million for PRIs 

In this article, the Fund shares its path to creating a PRI program and the details of its first PRI, a $2 million loan to the Florida Community Loan Fund.
The Trust gave a combined $1 million ($200K as a grant and $800K as a PRI) to the Clark County Food Bank in Oregon.
UpcomingNetworkEventsUpcoming Network Events

As part of our ongoing efforts to provide programs and services for community foundations, we are pleased to offer a new four-part webinar series that began June 15 focused on helping community foundations establish or expand their impact investing programs. The next session is on July 13; register today! The webinars are available to members as a no-cost member benefit; non-members pay a modest fee. 


PRI Institute
November 9 - 11

The Robert Wood Johnson Foundation

Princeton, NJ

 

Registration is now open for the next PRI Institute, an intensive training designed for foundation staff and trustees who are interested in developing or refining their PRI program. Space is limited to 30 participants - register now!

 

Save the Date: 2012 PRI Makers Network National Conference

May 8 - 10, 2012

Seattle Waterfront Marriott Hotel

 

Mark your calendars for our 2012 National Conference, chaired by Christine Looney of the Ford Foundation and Karen Haque of the Billl & Melinda Gates Foundation. Registration information will be available soon. We hope that you will join us in Seattle!

ArticleofInterestArticles of Interest

The Case for Mission Investing 

David Wood

In the June 1 issue of Philanthropy Journal, David Wood, director of the Initiative for Responsible Investment at Harvard University's Hauser Center for Nonprofit Organizations and the More for Mission campaign, explains the growth and appeal of mission investing among foundation investors. 

 

ImpactAssets Launches the ImpactAssets 50
ImpactAssets, a newly formed nonprofit financial services company, has released a list of 50 fund managers representing $8.9 billion in assets that are investing in such areas as microfinance, community development, fair trade and other sectors. ImpactAssets 50 is a searchable database that can be used by all types of investors to align their financial objectives with their mission and values. ImpactAssets was incubated by the Calvert Foundation and launched as an independent organization in late 2009. Community Investment Partners, a subsidiary of Calvert Foundation, supplies ongoing administrative services to ImpactAssets.


NewattheNetworkNew at the Network

Welcome New Members!

 

Please join us in welcoming the following new foundation members:

 

The Community Foundation for Greater Atlanta connects donors, nonprofits and community leaders to strengthen the Atlanta region through philanthropy. 

   

The Community Foundation of Lorain County provides simple, powerful ways for people to give back in this Ohio community. Their funding areas include the arts, children and families, community and economic development, education and health.

 

The Burton D. Morgan Foundation of Hudson, OH helps strengthen the free enterprise system by investing in organizations and institutions that foster the entrepreneurial spirit.

 

The Community Foundation for Southeast Michigan promotes and facilitates community philanthropy in seven counties by providing tools and resources that make giving to one's community easier, flexible and effective.

 

And our newest affiliate members:  

 

Community Investment Support Fund promotes economic development and facilitates investment to support community revitalization, the nonprofit sector and underserved markets in Southeast Michigan through increasing access to the New Markets Tax Credit program. 
 

Media Development Loan Fund of New York City is a mission-driven investment fund supporting independent news outlets in countries with a history of media oppression.  

 

Get Involved in the Network

The Network is currently seeking a few members who would be interested in joining its Membership or Training Committees. If you are interested in getting more involved in the Network by serving as a volunteer on either of these committees, please let us know. We welcome your participation!

UpcomingeventsofinterestEvent of Interest
List Bullet

Sustainable Agriculture & Food Systems Funders Ninth Annual Forum: Creativity at the River's Edge: Funding Change in Food and Farming Systems

June 21 - 24

Minneapolis, MN

As we move further into the 21st century, the philanthropic community needs to grapple with a crucial question: how will we act to protect and enhance healthy food and farming while meeting the challenges of our economic, social, and environmental systems? This is a funders-only forum.
Peter Berliner, Managing Director