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"No matter how hard we work, until we get our capital aligned, we're not going to fix the problems," Cory Donovan, executive director of ImpactPHL, tells Technical.ly.
That's why the nonprofit in Philadelphia is holding its annual Total Impact Summit on May 1-2, where more than 85 speakers from impact investing, foundation, social finance, and venture capital will discuss how to use capital to create positive change.
"Do you know where your 401K is being invested? Most people don't, but where your investments go mattersa lot," Donovan says.
"For example, you can give time and money to causes that fight the gender wage gap and say you support equal pay for women," he explains.
"But if you're investing in companies that don't pay women as much as they pay men, then you're inadvertently helping perpetuate the problem."
Impact investing is a more advanced version of " values-aligned investing," in which assets are invested in ways that align with one's values.
For example, Triple Bottom Brewing, a social enterprise based in Philadelphia, might be investing in racial justice, Donovan says. Read the Entire Article
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
When Heidi Allison and her husband, Larry Rhoades, opened Nate's Place a year ago in Oxnard, Calif., they had one goal: to help at-risk teens and young adults stay on the right track with sobriety...more
Lisette Nieves was the first Puerto Rican woman and the first Brooklyn College grad to be a Rhodes scholar when she graduated from the college in 1992. Now she's the president of the Fund for the...more
"It is a night that shines a light on some of the best and brightest women in business." So reads a press release on the winners of the 2024 IMAGE PwC Businesswoman of the Year Awards in Ireland,...more
If you're an artist, journalist, activist, or other professional working in an area affected by organized crime, you may be in luck. The Globe and Mail is now accepting applications for its 2024...more
Rumors have been swirling that the Lakeland Cultural Arts Center in Florida is going under, but the organization's president says those rumors are "greatly exaggerated." In a statement released...more
Foundation: Parkersburg Area Community Foundation
A 24-hour online giving campaign in West Virginia raised more than $518,000 for 67 area nonprofits, WV News reports. "We had an extraordinary 24-hour here in the Mid-Ohio Valley," says Julie...more
A Missouri state trooper is being hailed as a hero after he rescued a woman from a burning car and saved her life, the Springfield News-Leader reports. Trooper Austin Royster, of the Missouri...more
Foundation: Parkersburg Area Community Foundation
A 24-hour online giving campaign in West Virginia raised more than $518,000 for 67 area nonprofits, WV News reports. "We had an extraordinary 24-hour here in the Mid-Ohio Valley," says Julie...more
The Norfolk Public Schools Board of Education is looking for a new member. The Omaha World-Herald reports the six-person board will meet Monday to select three finalists: Leonor Fuhrer, Soshia...more
It's that time of year again: time for parents to start thinking about summer camps for their kids. And if you live in New Jersey, you may be in luck: The Code Ninjas are now offering summer...more
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Gates Foundation
Johnson County Community Foundation
Ontario Trillium Foundation
Silicon Valley Community Foundation
Regional Access Project Foundation
Ford Motor Company Fund
Whitefish Community Foundation
Community Foundation of the Ozarks
Community Foundation for Southeast Michigan
Sierra Health Foundation
Social Entrepreneurship
Spotlight
3 Social Enterprises Earn Honors at Social Enterprise Award
Three social enterprises were recognized at the 2013 President’s Challenge Social Enterprise Award for their major contributions to society. SATA CommHealth and Bliss Restaurant landed Social Enterprise of the Year titles, while Bettr Barista Coffee Academy bagged the award for Social Enterprise Start-up of the Year.
