Foundation and Endowment Money Management:
Cambridge Associates has partnered with The F.B. Heron Foundation, Annie E. Casey Foundation and The Meyer Memorial Trust Foundation to develop a mission-related investing research initiative. Cambridge defines mission-related investments (MRI) broadly to include socially responsible investments, negative screening, climate change strategies, clean tech, microfinance and other possibilities, said CEO Sandra Urie.
I'm glad to see this note on mission based investing and its reference particularly to socially responsible investing (SRI).
I think it is terribly important that philanthropic organizations match their investments to their mission! For instance, I find Bill Gates example of not doing this absolutely bewildering. My thought is that he doesn't want to do it because it might have an impact on Microsoft being more carefully scrutinized as to where its products end-up!
I've been following socially responsible investing for about forty years, and some of your readers might be interested to visit my website which covers the latest global socially responsible investing news. It's at www.investingforthesoul.com
Best wishes, Ron Robins
Posted by: Ron | February 02, 2008 at 10:22 AM
Thanks, Ron. Blogged your site and added you to our Resource list.
Posted by: phil | February 02, 2008 at 10:55 AM