Philanthropy’s New Passing Gear: Mission-Related Investing

This comprehensive report provides a policy framework and implementation guide for foundation trustees who are interested in mission investing, both program-related and mission-related (endowment) investing. The guide begins with “Setting the Ground Rules,” focusing on foundation mission and values, and goes on to provide case studies of three foundations as they made decisions about implementing a mission investing program. Laying out a conceptual groundwork for expanding the philanthropic investment toolbox to attend to “risk, return and impact,” it covers such concrete tools and topics as active ownership strategies, at- and below-market investing, finding investment opportunities, direct versus intermediary investing, due diligence, risk management, portfolio management, and defining impact.