April 19, 2007
Foundations Seek to Tie Investments to Their Charitable Missions
A growing number of foundations are making loans or investments to achieve their charitable goals, says a new report.
The report, which examined 92 philanthropies, says the number of funds involved in so-called mission-related investing doubled in the last 10 years, with 42 active in such investments in 1995 and 90 in 2005. The amount of assets designated for such efforts equaled $130-million two years ago, compared with $49-million a decade ago.
$2.3-Billion
In 2005
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