By changing the way their pension and endowment funds are invested, universities could pass on the financial benefits to students, while contributing to positive outcomes for society. Africa, which could reap significant rewards from such an approach, is lagging behind many other
Impact investing, with its promise of both financial returns and measurable social benefits, is one of the hottest trends in philanthropy. But as more legacy foundations look to harness the "other 95 percent" of their capital to their mission, and as newer business-minded donors flood into the field, plenty of questions remain about where and how impact investing is likely to be most useful or effective.
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