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Seeking ways to maximize the social and economic returns of their place-based impact investments, foundations, CDFIs, private investors, and others are turning to collaboration.
For a decade, Knight Foundation has been intentional about identifying high quality, diversely-owned asset managers when investing its endowment. In response to frequent questions from a variety of stakeholders into the performance of the charitable sector regarding this issue — the questions arising from the general lack of data — Knight Foundation asked Global Economics Group to assess the representation of diverse asset managers among foundations.
Through a series of interviews, roundtables, and a short survey, Philanthropy Network and Urbane Development gathered input from key stakeholders in the Philadelphia region who are involved (or want to be involved) in impact investing in order to better understand their priorities, needs, and challenges and to identify key opportunities to facilitate further impact investments in the region.