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Cash Is King: An Overlooked Way for Foundations to Multiply the Impact of their Investments
The top 1,000 U.S. foundations alone have over $31 billion in cash deposits – and according to Catherine Berman at CNote, that money could be used to amplify their impact. She argues that foundations could drive massive change – and advance their missions – by moving these funds out of traditional accounts and into community development financial institutions and credit unions.
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Press Release: Five Foundations Commit $1.7+ Billion to Nonprofit Organizations in Wake of Pandemic
The Doris Duke Charitable Foundation, Ford Foundation, W.K. Kellogg Foundation, the John D. & Catherine T. MacArthur Foundation, and the Andrew W. Mellon Foundation announced a joint commitment to increase their payouts to nonprofit organizations with more than $1.7 billion within the next three years to help stabilize and sustain a nonprofit sector facing devastating economic effects due to the global pandemic and the epidemic of social injustice.
- Categories
- Coronavirus, Finance
- Region
- North America
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Why the George Floyd Protests Won’t Change the World – Unless They Change White People
The George Floyd protests have sparked calls for solidarity – from the business sector and individuals and governments around the world. But NextBillion editor James Militzer argues that it’s easy to issue a supportive statement or make a modest CSR commitment to diversity – but it’s a lot harder for those with power and money to make the sacrifices necessary for lasting change.
- Categories
- Entrepreneurship, NextBillion Originals
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It’s That Time Again – Here’s Your Official SOCAP19 Conference Preview
October is in full swing, and that means it’s time for SOCAP – the 12th annual gathering of investors, entrepreneurs and others helping to drive mission-focused business. It all happens next week, when SOCAP19 will host over 500 speakers and hold more than 150 breakout sessions at the Fort Mason Center for Arts & Culture in San Francisco. Team NextBillion will be there too - here's what to expect.
- Categories
- Entrepreneurship, Investing
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You Can Now Invest in a ‘Racial Justice’ Index Fund
The new “Racial Justice” criteria joins more than a dozen other causes promoted by OpenInvest’s indexing technology—which allows investors to prioritize values including gender equality, LGBTQIA+ rights, and ethical supply chains and also combat issues like fossil fuels, deforestation, and greenhouse gas emissions, among others.
- Categories
- Investing
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Viewpoint: Shut Up, Ask Questions and Embrace the Struggle: Jed Emerson’s Plea to Impact Investors
Jed Emerson has never been afraid to tell it like it is. Now, after 30-odd years of exploring impact and purpose-driven capital – and eight books later – he believes the field has become ‘lazy’, offering superficial answers to humanity’s most difficult questions as we skip straight to the ‘how’ of tactics and strategy.
- Categories
- Investing
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Less Golf, More Gender Equity: A Q&A with Impact Investor Morgan Simon
From filing shareholder resolutions as a teen to founding multiple impact investing funds and penning a successful book, Morgan Simon has spent nearly two decades combining finance and social justice in diverse and innovative ways. NextBillion caught up with her to discuss her distinctive career – and how her role within the sector has been shaped by her gender – in this interview, part of our special series 'By Women, For Women.'
- Categories
- Investing, NextBillion Originals
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Viewpoint: Are B Corps An Elite Charade For Changing The World?
Giridharadas’ thesis is a compelling critique of what he calls “MarketWorld”—a set of beliefs that have overtaken our culture with the idea that “if you really want to change the world, you must rely on the techniques, resources, and personnel of capitalism,” ignoring the possibility that capitalism itself, as it is largely practiced today, might be at least one cause of the problems we are seeking to solve.
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