Industry-leading service added 108 recommended investments in 2018, enabling donor advisors to be highly engaged impact investors with their philanthropic dollars.
Bethesda, MD April 16, 2019 – ImpactAssets, a nonprofit financial services firm that increases the flow of capital into investments delivering financial, social and environmental returns, today released 2018 figures showing clients sourced and recommended a record 108 Custom Investments totaling $17.34 million in private mission-driven businesses, impact funds and nonprofit organizations.
“We saw a dramatic jump in Custom Investments activity in 2018 and that trend is accelerating through the first quarter of 2019,” said ImpactAssets co-founder and CEO Tim Freundlich. “We’re thrilled that our donor advisors are leading the charge to create innovative opportunities that put philanthropic capital to work to fund the most creative, cutting-edge solutions to the biggest issues facing society.”
“As recognition increases around the importance of providing risk-tolerant catalytic capital to early-stage impact investments, we see our donor advisors stepping up,” said Eric Meissner, Director, Custom Investments and Business Analytics. “These private debt and equity investments are bridging the funding gap for entrepreneurs who are bringing new social and environmental innovations across sectors to the marketplace.”
Recent innovative impact investing transactions, and the donor advisors who recommended them, include:
“We started ImpactAssets because we believed that investment capital in philanthropic endowments—and particularly donor advised funds—needed to move rapidly and fully to impact investing, rather than parked in the stock market doing neutral to negative on the impact scale,” said Freundlich. “Custom Investments epitomize that vision by leveraging our passionate, dynamic donor advisor community to help us find and fund positive impact investments.”
ImpactAssets is a nonprofit financial services firm that increases the flow of capital into investments delivering financial, social and environmental returns. ImpactAssets’ donor-advised fund (“The Giving Fund”), impact investment notes, and field-building initiatives enable philanthropists, other asset owners and their wealth advisors to advance social or environmental change through investment
About The Giving Fund, the ImpactAssets Donor Advised Fund:
The Giving Fund is an innovative donor advised fund that empowers donors to increase the impact of their giving by combining it with strategic sustainable and responsible investing to build a sophisticated philanthropic endowment. Donors recommend how The Giving Fund’s assets are invested across a range of leading impact investment options including community investment, turn-key portfolios, private debt and equity funds and custom investments. The Giving Fund currently has more than $500 million in assets in roughly 1,200 donor advised funds, working with 350 wealth advisors across 60 financial services firms.