Foundations and Family Offices Create a Fund to Support Impact Investing
Thursday, December 5, 2019
By Abby Schultz
Key investors and philanthropic supporters of impact investing have joined forces to announce a new grant-making vehicle intended to strengthen the integrity of investing practices for social and environmental good, and to scale the movement to reach a broader array of investors.
The Tipping Point Fund was founded with $12.5 million in grant funding provided by nine inaugural donors, seven of which incubated the idea with assistance from the U.S. Impact Investing Alliance, an awareness-raising group of investors and impact investing networks. The founding donors also include Ian Simmons and Liesel Pritzer Simmons ’ family office, Blue Haven Initiative, and a corporate member, the Visa Foundation.
Photo courtesy of Sudipto Sarkar.
Source: Barron's (link opens in a new window)