Traditionally, philanthropy and investing have been thought of as two separate disciplines, one promoting social change, the other financial gain. That’s changing fast with the rise of impact investing.
Originally used by large national foundations such as Ford and Rockefeller, impact investments aim to produce a financial return and social benefit. This strategy has caught on with a wide range of investors, including large-scale financial institutions, pension funds, private wealth managers, and commercial banks. In the last five years, The Minneapolis Foundation has taken a leading role in making this powerful tool available to individuals and families with Donor Advised Funds. We are building on that success with InvestMPLS.
What is InvestMPLS?
InvestMPLS is a $10 million revolving loan pool with a fixed interest rate paid to participating investors. The Minneapolis Foundation has invested the first $5 million into this pool and is inviting a cohort of charitable investors to join the pool.