Impact Investing Can Help Foundations Avoid Obsolescence

March 18, 2015

By Steven Godeke and William Burckart, published in The Chronicle of Philanthropy.

John D. Rockefeller would never have considered abandoning the oil business. But that is exactly what some of his heirs did last fall. The Rockefeller Brothers Fund, a family foundation with $860 million in assets and a long history of supporting environmental causes, announced it would divest itself of all fossil-fuel investments. [Read More]

William Burckart (william@williamburckart.com) advises on impact strategy development and measurement. He is the author of “Serving Client Demand for Impact Investing: A Hands-on Guide for Financial Advisors and Senior Management,” published by the Money Management Institute and is a member of the Global Advisory Council of Cornerstone Capital Group.

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