The Philanthropy Outlook 2016 & 2017

This edition of The Philanthropy Outlook projects giving for the years 2016 and 2017 in relationship to the year 2015. Throughout this report, we offer detail on those economic factors that will have the most significant influence on giving for these years, as well as other information that provides context for these trends.

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Essentials of Impact Investing: A Guide for Small-staffed Foundations

Seeking to increase their philanthropic impact, many engaged foundations are turning to impact investing. The reason is clear: The field and practice of impact investing have matured—structures are in place, best practices have emerged, and opportunities have multiplied—enabling more foundations to use this powerful tool.

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Eyes on the Horizon: The Impact Investor Survey

Eyes on the Horizon, the 2015 edition of the GIIN and J.P. Morgan annual impact investor survey, reveals a growing global market, with impact investments being made across all geographies and a range of sectors. In its fifth year, the survey continues to provide detailed insight into a number of key market variables such as the types of investors, the number and size of investments made and targeted, as well as reported risk and use of loss protection.

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Private Capital, Public Good

This report, Private Capital, Public Good: How Smart Federal Policy Can Galvanize Impact Investing – and Why It’s Urgent (June 2014), by the US National Advisory Board on Impact Investing (NAB) provides a framework for federal policy action in support of impact investing. Simply put, impact investing generates measurable, beneficial social or environmental impacts alongside financial returns.

Simply put, impact investing generates measurable, beneficial social or environmental impacts alongside financial returns. The proposals in this report—some near-term and concrete, others longer-term and more ambitious—have the power to unlock dramatic economic activity and immense positive impact. Ultimately, they may serve as a catalyst to help change the way investors think about long-term risks and returns.

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Program-Related Investments Gaining Traction, Study Finds

Report examines recent trends, challenges and opportunities for PRIs

Program-related investments (PRIs) are gaining attention from foundations for their potential to meet charitable purposes while generating financial returns, but their use remains limited, a new study by the Indiana University Lilly Family School of Philanthropy finds. Leveraging the Power of Foundations – An Analysis of Program-Related Investing, which was sponsored by Mission Throttle, analyzes key trends in foundations’ use of program-related investing. The report examines funders’ motivations and strategies for making PRIs and identifies potential obstacles and opportunities for expanded use of PRIs to advance charitable goals.

Among the study’s key findings:

  • Housing, community development and education were the program areas that received both the highest total dollar amounts
  • More than half of all PRIs were loans
  • Peer networks play an important role in supporting and educating foundations in the use of PRIs

“Our research shows that there is significant interest in and potential for program-related investments to help foundations advance their charitable goals, and many foundations that utilize PRIs report that they frequently produce successful results,” said Una Osili, director of research for the Indiana University Lilly Family School of Philanthropy. “There was notable growth in PRI use in the past decade compared to the previous decade, but to date they are being used by a relatively small fraction of all foundations.”

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Impact Capital Measurement: Approaches to Measuring the Social Impact of Program-Related Investments

The Robert Wood Johnson Foundation, November 2011

Report describes five different foundations’ approaches to measuring the social impact of PRIs. In addition, it reviews three other approaches to measuring the social impact of other impact investments that may be relevant to foundations.

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The Future of Philanthropy: Hybrid Social Ventures

Report studies the L3C as a new paradigm for the execution of solutions to social problems.

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Navigating the New World of Social Impact Investing: An Opportunity and Challenge for Foundations

Nathan F. Harris, Drew P. Murphy & John C. Burkhardt, Ph.D, January 2011

Report examines the recent philanthropic innovation of mission-related investments (MRIs) and specifically low-profit limited liability companies (L3Cs).

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