Impact Investing Grows More Common as a Tool for Grant Makers to Do Good

Impact Investing Grows More Common as a Tool for Grant Makers to Do Good 1

The Kellogg Foundation is putting endowment dollars to work for its mission with a $5.8-million investment in Revolution Foods, a company that sells healthy school lunches.

The number of foundations making investments that seek both financial and social returns is growing significantly as grant makers look for ways to do more good with fewer resources.

Still smarting from hits to their endowments, some grant makers are attracted to the prospect of making low-interest loans to nonprofits. Not only do they earn a little money with each loan, but they get the money back to give to another nonprofit cause. Other foundations see mission-related investments as