Mission-Related Investing
Impact Investing: A Quebec Perspective
- Speaker biographies
- Presentation: Impact Investing, Don Walcot
- Presentation: Where are the MRI opportunities for foundations? Nancy Neamtan
- Presentation: Mission-Related Investing for Foundations: The Legal Considerations, was used as a companion guide to the presentation by Maître François Morin, Borden Ladner Gervais
Canadian Resources
• Revised in a new edition, this guide by lawyers Laird Hunter, Susan Manwaring and Margaret Mason describes the legal considerations and regulations that foundations should take into account as they move forward in mission investing. The 2012 edition of this guide has been revised for Quebec by François Morin of Borden Ladner Gervais to add references to the Quebec Civil Code provisions regarding investments by charities.
• Mission-Related Investing for Foundations: The Legal Considerations, November 2010, by Laird Hunter, Susan Manwaring and Margaret Mason. A guide to the legal considerations that foundations should take into account as they move forward in mission-related investing. It will be of interest to foundation boards of directors and investment committees as they consider possible options for increasing their activity in this area. The guide was co-sponsored by Philanthropic Foundations Canada and Community Foundations of Canada.
• The State of Community/Mission Investment of Canadian Foundations, April 2010, by Coro Strandberg. Research sponsored by Community Foundations of Canada and Philanthropic Foundations Canada into the status of community/mission investing on the part of Canadian foundations. This paper addresses the “community/mission investment” (C/MI) component of responsible investing – a process whereby foundations directly invest some of their assets in community, or social/environmental enterprises consistent with their mission.
• Mobilizing Private Capital for Public Good, 2010, The Canadian Task Force on Social Finance. Sets out seven key actions that Canada needs to undertake, in parallel, to mobilize new sources of capital, create an enabling tax and regulatory environment, and build a pipeline of investment-ready social enterprises. Explains the roles of financial institutions, investors, philanthropists and governments in this process.
• Foundations and Socially Responsible Investing, May 2007, Hilary Pearson at the SIO conference in Montreal.
• An Overview of Impact Investing, November 2010, Phillips Hager North. Summarizes the global evolution of impact investing as well as Canadian developments.
• Investing in Change: Mission-Based Investing for Foundations, Endowments, and NGOs, December 2003, CCIC, Michael Jantzi Research Associates. This 72-page handbook is a primer intended to provide information for foundations and for non-profit organizations alike on using invested assets to achieve a mission or philanthropic goal.
US Resources
• Solutions for Impact Investors: From Strategy to Implementation, 2009, Rockefeller Philanthropy Advisors. A follow up to the early 2008 publication, Philanthropy’s New Passing Gear: Mission-Related Investing. This second guide aims to “increase the rigor with which investors interested in social and environmental impacts frame their investment decisions and demonstrate the integration of impact investing across asset classes.”
• Program-Related Investing, 2006, Grantcraft. A detailed guide to program-related investing that includes definitions and explanations of terms, skills for getting started, case studies, and lessons learned.
• The Power of Strategic Mission Investing, Fall 2007, by Mark R. Kramer & Sarah E. Cooch, Stanford Social Innovation Review.
Links
For more information on social investing, visit the following websites:
