April 14, 2015
Until recently, I’ve used impact investing terms interchangeably (and sometimes incorrectly, as it turns out). I’ve seen others do the same, so I decided I’d share this glossary of terms that I recently came across.
Impact Investment: Broad name for investments made to generate measurable positive social or environmental impacts and financial returns. Impact investments are also known as double-bottom-line or blended-value investments.
- Program-related Investment (PRI): A type of impact investment made primarily for charitable purposes rather than for financial gain. PRIs are defined by the federal tax code and typically count toward a foundation’s minimum payout requirement.
- Mission-related Investment (MRI): An impact investment intended to generate both financial and social returns in direct alignment with a foundation’s mission. MRIs do not count toward a foundation’s minimum payout requirement.
- Social-impact Investment (SI): An impact investment intended to generate both financial and social returns not directly aligned with a foundation’s mission. SIs do not count toward a foundation’s minimum payout requirement.
- Environmental, Social and Governance Investments (ESG): An impact investment intended to generate both financial and social returns without harm to people or the environment. ESGs are also known as socially-responsible investments and do not count toward a foundation’s minimum payout requirement.
Building a Thriving Ecosystem for Mission Investing in Minnesota
Many Minnesota grantmakers are interested in the double bottom line, but how can we harness both the interest of those new to the strategy and experienced impact investors to create a vibrant ecosystem where this approach can truly take root and blossom?
Join us at this free mission investing network meeting at MCF on Wed., April 22, 8-10 a.m., to hear from Jeffrey Ochs, executive director of Gopher Angels, on how to build a thriving local community for mission investing. By the end of the meeting, the network aims to have identified concrete ways the mission investing network can support the development of a robust social impact investing environment in Minnesota.
Hope to see you there!
– Susan Stehling, communications associate
April 7, 2015
The Young Nonprofit Professionals Network of the Twin Cities (YNPN-TC) and Emerging Practitioners in Philanthropy (EPIP) Minnesota are partnering to once again offer a unique, no-cost cohort experience that brings together young nonprofit and foundation professionals for shared learning. This opportunity is perfect for young people ready to explore the big career questions while participating in skill swapping and network weaving.
Emerging leaders in the philanthropic and nonprofit sectors who are looking for a “community of practice” to establish a peer support system should apply. The groups seek a diverse mix of twenty-four 20- and 30-somethings. Applicants must be a member of either organization.
What will the program include?
- Monthly two-hour evening sessions
- The option to attend exciting community events each month with other participants
- Mentoring circles for small group connections and support
- The opportunity to help design and facilitate a monthly session based on your interests
- Selected readings, personal challenges, and reflective exercises between sessions
Benefits to participants
- Expand your network among local nonprofit and philanthropic professionals.
- Practice useful habits of reflection to address questions about your life, leadership and career.
- Build facilitation, presentation and collaboration skills by sharing around a topic of your choice.
- Conduct a career refresh or re-charge in a supportive and accountable environment.
Read about the experience of last year’s cohort in the Summer 2014 issue of Giving Forum.
Applications are due April 30. To learn more, nominate your colleagues, or apply, visit YNPN-TC’s website for details.
April 6, 2015
Holly C. Sampson, president of the Duluth Superior Community Foundation, knows first hand the power of the 350 endowment funds held at the foundation.
They fund projects that benefit education, human services, the economy, the environment and other projects that improve the quality of life in northeastern Minnesota and beyond.
See what Sampson has to say about how she believes Endow Minnesota legislation, introduced in the Minnesota House (HF1530) and Senate (SF1399 and SF1400), can encourage private giving for public good and keep transferred wealth in our state.
Here’s her commentary from Sunday’s Duluth News Tribune.
– Susan Stehling, communications associate
March 30, 2015
The Humphrey School of Public Affairs has opened applications for the 2015-2016 Policy Fellows program, one of the country’s most respected leadership programs for emerging and mid-career professionals.
Fellows will connect with a cohort of 35 people across the work and political spectrum who will broaden each others’ perspectives and expand their networks as they engage in a high-level professional experience. They gain practical skills and experiences to take their career and civic work to the next level.
The Policy Fellows meet once per month between September and June to explore fundamental aspects of leadership, and travel to Washington, D.C. for a multi-day trip with prominent elected officials and national public affairs leaders. Fellows represent business, nonprofit, and public sectors across the state of Minnesota.
Applications are due June 1, 2015, with candidates notified of their status by mid-July. Scholarships are available; those specifically for nonprofit sector participants are made possible by generous gifts from the George Family Foundation and the Jay and Rose Phillips Family Foundation of Minnesota. Applicants from Greater Minnesota are encouraged to apply, and are eligible for lodging assistance.
Learn more on the Humphrey School’s website. Good luck to those applying!
March 26, 2015
JoAnn Stormer, president of Rochester Area Foundation, knows first hand the importance of affordable housing to the city of Rochester.
The foundation’s First Homes initiative has provided access to housing for more than 1,000 households since 2001.
See what else she has to say about how she believes Endow Minnesota legislation, introduced in the Minnesota House (HF1530) and Senate (SF1399 and SF1400), encourages private giving for public good.
Her commentary in today’s Rochester Post-Bulletin does a good job of explaining what a community foundation is, how community foundations are uniquely involved in community betterment, the current generational transfer of wealth and how Endow Minnesota aims to capture some of that money and put it to work in communities throughout our state.
– Susan Stehling, communications associate
March 17, 2015
MCF President Trista Harris has been awarded a 2015 Bush Fellowship!
Bush Fellows receive up to $100,000 over 12-24 months to pursue learning experiences that help them develop leadership skills. Trista will use her fellowship to advance her work examining how the tools of futurism can be used to strengthen the field of philanthropy.
Trista will continue to serve full-time as MCF President, and she will leverage the insights she will gain from her Bush Fellowship to better serve the field.
Trista joins 22 others awarded a fellowship this year. Get an introduction to the whole cohort in this short video put together by the Bush Foundation:
Learn more on Bush’s website, and learn a bit more about the work Trista will be doing in this Pioneer Press article.
Big congratulations to Trista and to all of the 2015 Bush Fellows!
March 3, 2015
MCF member Headwaters Foundation for Justice is looking for 25 individuals to join its first-ever Giving Project, taking place in summer 2015.
The Giving Project is an innovative new model for community building, leadership development and funding social change.
It will bring together a multiracial, cross-class group of people who are passionate about social change and interested in building their skills in fundraising, grantmaking and community building.
The Giving Project requires a commitment to attend eight meetings over six months. The basic structure is:
- A cross-class, multiracial group of volunteers commits to the entire process.
- Through workshops and trainings, the group develops a shared understanding of race, class and power within society.
- Each person makes a meaningful financial gift — whatever that means for you.
- Headwaters staff will train you in grassroots fundraising and provide lots of hands-on support as you raise money from your friends, family and community.
Anyone is welcome to apply who wants to:
- Learn how to fundraise, make grants and build community
- Make a difference on issues of injustice in Minnesota
- Engage in dialogue on race and class and their impact on social change work.
The deadline to apply is April 6. Interviews will start May 2, with selected participants notified in June.
Head over to the Headwaters website for more details and to access the application. And please help spread the word!