The Sundance Family Foundation (an MCF member) is on a journey toward impact investing. Since 2009, the small foundation has worked to incorporate socially responsible investments — investments that consider financial returns and social good — into their investment program. They’ve done so in stages and have learned a lot along the way.
MCF hopes other foundations considering similar investment strategies will learn from Sundance’s work. Outlined below is a very basic summary of the steps the foundation has taken since 2009.
Check Giving Forum (online and in your mailbox now) for a more complete article and follow online links to an even more detailed case study of the Sundance Family Foundation’s journey.
Step 1: Purchase a low risk program-related investment focused on community redevelopment after Hurricane Katrina
Step 2: Purchase a certificate of deposit from Sunrise Banks, a community development financial institution and an MCF member
Step 3: Find an investment firm willing to help establish socially responsible investment objectives
Step 4: Work with the firm to systematically identify and clarify investment goals and preferences
Step 5: Meet with the firm regularly to discuss opportunities, ensure shared understanding and increase investment in multiple types of socially responsible investment vehicles
Will you follow Sundance’s Lead?
Socially responsible investing is becoming more main stream and practical. Foundations like the Sundance Family Foundation are leading the way with its investments. Will your organization follow suit?
Learn more at the Mission Investor’s Exchange National Conference in the Twin Cities, May 13-15.
- Susan Stehling, MCF communications associate