$1 Billion Committed to Mission–Related Investments
Impact investing—funding that supports efforts that both improve the social good and deliver a reasonable ROI—just got a big boost from the Ford Foundation. In the largest commitment of its kind by a private foundation, Ford is committing $1 billion from its $12 billion endowment over the next 10 years to mission-related investing. The new initiative will focus initially on affordable housing in the US and financial services in emerging markets, areas where the Foundation has prior experience. A little history: beginning in 1968, Ford made program-related investments that “catalyzed” social impact. That legacy of success has encouraged it to take this next big step: making mission-related investments directly from its endowment. The goal is a more inclusive economy, a promise that efforts such as Ford’s propose to make a reality.
John Howell, Editorial Director
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