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"No matter how hard we work, until we get our capital aligned, we're not going to fix the problems," Cory Donovan, executive director of ImpactPHL, tells Technical.ly.
That's why the nonprofit in Philadelphia is holding its annual Total Impact Summit on May 1-2, where more than 85 speakers from impact investing, foundation, social finance, and venture capital will discuss how to use capital to create positive change.
"Do you know where your 401K is being invested? Most people don't, but where your investments go mattersa lot," Donovan says.
"For example, you can give time and money to causes that fight the gender wage gap and say you support equal pay for women," he explains.
"But if you're investing in companies that don't pay women as much as they pay men, then you're inadvertently helping perpetuate the problem."
Impact investing is a more advanced version of " values-aligned investing," in which assets are invested in ways that align with one's values.
For example, Triple Bottom Brewing, a social enterprise based in Philadelphia, might be investing in racial justice, Donovan says.
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
Foundation: Silicon Valley Community Foundation, California Endowment
In 2024, Los Angeles will host the Mission Investors Exchange 2024 National Conference, an annual conference that brings together more than 750 philanthropy and impact investing leaders from across...more
Foundation: California Community Foundation, California Endowment
Ava DuVernay financed her latest film with money from the Giving Pledgean initiative of the California Endowment, the largest US foundation to commit its entire $4 billion portfolio to social and...more
Foundation: Marguerite Casey Foundation, Marguerite Casey Foundation, Rockefeller Philanthropy Advisors, Skoll Foundation, Target Foundation, Ford Foundation, Philadelphia Foundation, Rockefeller Foundation
"The US creative economy was most recently valued at over $1 trillion by the National Endowment for the Arts," per a press release, "even before considering film, fashion, video games, beauty, food,...more
"Having a purposeful job actually does transform someone's life," says Edwin Walsh, who runs a social enterprise in Australia called Assembled Threads. "You actually are moving someone from...more
Foundation: Community Foundation of Southern Indiana
"When you see the kids interacting and them building communitythat's what it is," says Camp Quality Kentuckiana executive director Eddie Bobbitt. "It's bigger than fishing and pie fights." The...more
Foundation: Hawaii Community Foundation
If you're in your 60s or older and looking for adult day care in Maui, you're in luck. The nonprofit Maui Adult Day Care Centers lost its West Maui Center in the Lahaina fire last August, but...more
A Missouri State University student has won an Emmy for his behind-the-scenes look at a Springfield zoo, the Springfield News-Leader reports. Jon Mabee taught film and television students to film...more
When Bill Bone was hit by a car while riding his bike in Florida last year, he didn't know it at the time, but the accident would prove to be the final nail in his coffin. His wrongful death suit...more
"We are committed to being an industry leader in creating a culture where every individual is valued, respected, and can fully contribute their best selves." So says Hillary Wirtz, the senior...more
Foundation: Rockefeller Foundation
John Kerry has a new gig, and it's not as high-profile as his old one, but he's still making headlines for it. The former secretary of state announced Tuesday that he'll serve as honorary chair...more
Social Entrepreneurship
Spotlight
Social Enterprise Pushes Continuity of Care and Home Births
The Neighbourhood Midwives, the brainchild of Annie Francis of Hampshire, offers midwifery services geared for the continuity of care to women and their families.
