Foundations Urged to Seek Social Returns on Investments

Making the Case for 'Impact Investing’ as a Tool for Charities 1

Jed Emerson (left) and Antony Bugg-Levine say young people are increasingly embracing the notion that profit and solving social problems can go hand-in-hand.

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close Making the Case for 'Impact Investing’ as a Tool for Charities 1

Jed Emerson (left) and Antony Bugg-Levine say young people are increasingly embracing the notion that profit and solving social problems can go hand-in-hand.

The sharp distinction between money that is invested for a financial return and charitable gifts to help solve social problems is anachronistic, argue the authors of a new book, Impact Investing: Transforming How We Make Money While Making a Difference.

In an interview, Antony Bugg-Levine, who has been appointed as the new leader of the Nonprofit Finance Fund, which offers consulting services and loans to charities, and Jed Emerson, executive vice president of