With the rhetoric around impact investing reaching new heights, foundations and
nonprofits would do well to keep the following in mind: Similar to grants, or different forms of non-grantmaking support, impact investing is but one tool in the social impact toolbox.
Just as there are ineffective grants and poorly chosen traditional investments, there are poorly conceived and executed impact investments. On the other hand, when they are planned strategically and executed competently, impact investments can have enormous value and deliver a scale of social impact that may be difficult to achieve, or sustain, with other tools. Continue reading