No rules require foundations to invest their assets in a manner that is consistent with their missions, but a growing number of foundations of all sizes are considering social, environmental, or other nonfinancial factors when making investment decisions.
“The issue…is not whether private philanthropy has done well,” says Luther Ragin of the F.B. Heron Foundation, “but whether it can do better.”
Is your board ready to use its investments to serve its charitable goals?
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