MRI/Social Investments
Plan doubled the size of its social impact investment fund to $400 million from $200 million at its launch in 2018.
The nonprofit hired two firms as partner outsourced cios following an invitation-only RFP process last year.
The endowment made $30 million in initial investments from its $300 million social bond, which was issued in early 2021.
A working group of consultants has submitted a letter expressing reservations about a new rule from the Securities & Exchange Commission requiring climate disclosures for public companies.
The university has added two commitments as part of its initiative to invest 5% of its portfolio in impact investments, while reducing the carbon footprint of its portfolio over the last two years.
The associate will help in all facets of portfolio oversight as the foundation is looking to add capacity to help maximize its endowment and program-related investments and manage a complex, larger, more mission-aligned portfolio.
Plans’ incumbent socially responsible manager Boston Trust Walden is invited to rebid.
Kernaghan is senior director of investments at the Chicago Community Trust, leading its impact investments program of donor-advised funds. She took the time to answer 5 questions with FIN News.
First director of impact investment strategy will lead and direct the fund’s endowment after it updated its investment strategy to align the management of the portfolio with its mission and values, including racial, social and economic justice.
The $100 million commitment will address educational, social and economic disparities caused by its “extensive entanglements with slavery.”
