Our latest report, Impact Investing 2.0: The Way Forward – Insight from 12 Outstanding Funds, has become an amazing resource for individuals and organizations that are involved with, or wish to be involved with, the world of impact investing.
The newest case studies that have been released as part of this report focus on two foundations that are pioneers in the field of philanthropic impact investing: RSF Social Finance and the WK Kellogg Foundation.
The WK Kellogg Foundation (WKKF) case study focuses on the Mission Driven Investments that the foundation uses to make impact investments. Rather than investing through an intermediary fund, the Kellogg Foundation has made 6 direct investments in for-profit US companies, achieving 2 successful exits thus far, and helping over 50,000 underserved children. The Kellogg Foundation has long believed in “learning by doing”, a practice that has resulted in numerous best practices and industry growth.
The case study on RSF Social Finance focuses on RSF’s Social Enterprise Finance Program. This $75 million program provides working capital and loans to US and Canada-based social enterprises whose work focuses on food and agriculture, education, the arts and ecological stewardship. Through its “combined donor, lending and field-building activities, RSF is able to articulate a vision for social enterprise support that is holistic and comprehensive”.