Philanthropy’s Next Stage Imperative: Meaningfully Moving Foundation Assets for the Common Good
Originally published in Grantmakers for Effective Organizations , December 3, 2021
"It is time to commit the entirety of foundation capital asset holdings to social purpose investments that on their face seek to maximize earnings on the basis of solving our most pressing human and ecological challenges."
The vast majority of the assets foundations hold aren't devoted to solving the complex challenges our world faces. Instead, they're invested in the stock market - often in the very corporations perpetuating the problems foundations are trying to address. In this piece on the blog of Grantmakers for Effective Organizations, our board chair Henry A. J. Ramos urges foundations to divest from corporations and invest in communities and people.