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"No matter how hard we work, until we get our capital aligned, we're not going to fix the problems," Cory Donovan, executive director of ImpactPHL, tells Technical.ly.
That's why the nonprofit in Philadelphia is holding its annual Total Impact Summit on May 1-2, where more than 85 speakers from impact investing, foundation, social finance, and venture capital will discuss how to use capital to create positive change.
"Do you know where your 401K is being invested? Most people don't, but where your investments go mattersa lot," Donovan says.
"For example, you can give time and money to causes that fight the gender wage gap and say you support equal pay for women," he explains.
"But if you're investing in companies that don't pay women as much as they pay men, then you're inadvertently helping perpetuate the problem."
Impact investing is a more advanced version of " values-aligned investing," in which assets are invested in ways that align with one's values.
For example, Triple Bottom Brewing, a social enterprise based in Philadelphia, might be investing in racial justice, Donovan says.
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
People of color make up about 20% of Spokane County, Wash., but they own about 8% of the county's businesses, reports the Spokesman-Review. That's why the Spokane Workforce Council is...more
The New Brunswick Teachers Association is asking teachers and voters in the Canadian province to take a survey ahead of the next provincial election in September, the CBC reports. "We've seen a...more
The Oklahoma Arts Council has released its annual list of grant requests, and it's a doozy. This year's list includes a call for artists to "bring the arts to other statewide organizations," as...more
"I don't think many people know about our local ecosystems or recognize how important they are to keeping our beaches beautiful, keeping tourists here, and keeping our water as sparkling clean as it...more
A community college in Muskegon, Mich., is offering a full ride for any student willing to take a year of classes there, the Muskegon Chronicle reports. Muskegon Community College is offering a...more
When Collidescope.io co-founder and CEO Nick Lynch was looking for a new job last year, he came across an ad for a job that seemed like a no-brainer. "I am a software engineer," he wrote. "I...more
Foundation: Community Foundation of Sarasota County
There are nearly 750 nonprofit organizations in Sarasota, Manatee, Charlotte, and DeSoto counties in Florida, providing everything from health and youth services to education and the arts, per a new...more
When it comes to giving back to their communities, employees of companies are doing more than just putting money in their paychecksthey're giving their time and energy. In fact, more than 27...more
Foundation: Daniels Fund, Colorado Trust, Denver Foundation
The new CEO of the Prosperity Denver Fund says she's "thrilled to join the team at Prosperity Denver Fund, in service to the vision of Denver's taxpayers and their investment in the future of our...more
When the Providence Performing Arts Center was looking for a new artistic director earlier this year, it was looking for someone who would be willing to take on the role of artistic director of its...more
Civic Engagement News from...
Community Foundation of Sarasota County
Daniels Fund
Colorado Trust
Denver Foundation
Gulf Coast Community Foundation
Community Foundation of Greater Fort Wayne
Community Foundation for Southeast Michigan
El Paso Community Foundation
Fairfield County Community Foundation
Community Foundation of Western North Carolina
Social Entrepreneurship
Spotlight
Philanthropub: Not Your Typical Noshery
Restaurateurs Nick Vilelle and Raj Ratwani are owners of the CAUSE gastropub, which includes a fresh menu, lively atmosphere, graffiti-inspired artwork, and a hefty beer list.
