February 22, 2007
Philanthropy Experts Debate Merits of Socially Responsible Investments
Foundations may hamper their charitable efforts if they invest only in companies that say they are socially responsible, said a scholar last week during a debate on whether grant makers should align their investments with their missions.
Jon Entine, an adjunct fellow at the American Enterprise Institute, in Washington, argued that efforts to promote such investments were based on "slippery and superficial" data and could result in poor financial returns, thereby reducing the pool of
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