{"id":24248,"date":"2019-03-04T14:41:09","date_gmt":"2019-03-04T19:41:09","guid":{"rendered":"https:\/\/test.greenmoney.com\/2025\/?p=24248"},"modified":"2020-07-31T15:17:51","modified_gmt":"2020-07-31T19:17:51","slug":"foundations-moving-to-greater-mission-alignment","status":"publish","type":"post","link":"https:\/\/test.greenmoney.com\/2025\/foundations-moving-to-greater-mission-alignment\/","title":{"rendered":"Foundations Moving to Greater Mission Alignment"},"content":{"rendered":"
>> Back to March 2019<\/a><\/div>\n

The list of foundations beginning to move their endowment assets to align to their values and mission keeps expanding. As the universe of investable impact investing product grows and diversifies across asset classes, it is a natural progression for the asset allocation of foundations\u2019 endowment to reflect their core values. This congruence of the investment allocation with the programmatic focus areas is an interesting trend to watch out for and the early findings will bolster the \u201cno trade-off for impact\u201d school of thought.<\/p>\n

Edward Mother Earth Foundation<\/strong> (EMEF) is a $35 million family foundation dedicated to climate change disruption, whose endowment previously held traditional investments in fossil fuels, which inherently conflicted with EMEF\u2019s core mission. In 2014, they applied rigorous ESG screens and divested from fossil-fuel investments, ultimately reducing their portfolio\u2019s carbon emissions. The publicly traded portion of EMEF\u2019s portfolio has delivered 5% annualized returns, falling in line with constituent benchmarks. More information here.<\/a><\/strong><\/p>\n

The Russell Family Foundation<\/strong> (TRFF) began strategically leveraging their endowment to pilot mission-aligned investments in 2004. With over a decade of experience, TRFF developed a spectrum of impact approaches for asset allocation ranging from negative screens (Level 1) to catalytic ESG investments (Level 5). As of June 2018, TRFF has dedicated over $100 million or around 74% of their endowment to mission-aligned investments and has out performed their blended benchmark by 2.7% on an annualized basis.<\/p>\n

<\/p>\n