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2003 Foundation Workshop
How Foundations Can Use Their Assets to Support Their Mission
A Peer Learning Workshop
October 31st - November 1, 2003
The Charles Hotel
Cambridge, MA
The IC Foundation convened a workshop for community development grantmakers to explore strategies for utilizing their investment assets to further their philanthropic mission.
The COMMUNITY INVESTING workshop covered topics ranging from strategic and institutional challenges of mission-related investing to specific case studies of various types of community investments, including community development venture capital funds and their portfolio companies, housing, micro-credit and brownfields redevelopment. Over one and a half days, attendees not only heard from some of the nation’s leading community investing practitioners, philanthropists and advisors, but worked in small group sessions to share perspectives and learn from their peers.
The workshop program was led by Woody Tasch and Jed Emerson:
Woody Tasch is Chairman of Investors’ Circle. From 1992-1997 he was Treasurer of the Jessie Smith Noyes Foundation, where he led efforts to design an investment policy around an integrated approach to asset management and grantmaking. He was the founding Chairman of the Community Development Venture Capital Alliance. He is an experienced venture capital investor, and has served on the Boards of a number of early stage companies and non-profit organizations.
Jed Emerson is Senior Fellow at the William and Flora Hewlett Foundation and Senior Fellow at the David and Lucille Packard Foundation. He is former President of the Roberts Enterprise Development Fund, where he pioneered strategies for using the disciplines of investment management to help a portfolio of community-based ngos build their capacity. Jed is widely recognized as one of the nation’s leading thinkers on measuring social return on investment and on creating a unified investment theory for foundations. For over a decade, Woody and Jed have played leadership roles in the emerging efforts of foundations and investors to integrate asset management and philanthropic purpose.
Sponsors: The workshop was hosted by the Investors’ Circle Foundation, an affiliate of the Investors' Circle, in collaboration with:Neighborhood Funders Group
Calvert Social Investment Foundation
Northwest Area Foundation
Rudolf Steiner Foundation
JPMorganChase
October 31, 2003
Day
One of the workshop will focus on the “what” of community investing:
What asset allocation guidelines can be used by a foundation interested
in pursuing mission-related investing? What types of community
investments are available? The community investment field will be
mapped out in plenary session, following which participants will pursue
specific areas of interest in facilitated peer workgroups.
November 1
Day
Two of the workshop will focus on the “hows” of community investing:
What is the decision and planning process for implementing
mission-related investing? How do you measure its success? How do PRIs
fit into the overall investment process?
The COMMUNITY INVESTING workshop faculty also included:
- Shari Berenbach, Executive Director, Calvert Social Investment Foundation
- Rob Bowers, Managing Director, Cambridge Associates
- Elyse Cherry, CEO, Boston Community Capital
- John DeVillars, Managing Partner, BlueWave Strategies
- Penelope Douglas, President, Pacific Community Ventures
- Mark Finser, President, Rudolf Steiner Foundation
- John Ganzi, University of North Carolina Business School
- Joel Getzendanner, Director of Philanthropic Services, Helixx Group
- Elliot Green, Partner, Loeb and Loeb
Alan Hershkowitz, Senior Scientist, Natural Resources Defense Council - Gloria Lee, Vice President, JPMorganChase Community Development Group
- Tom Miller, former Director of Program Related Investments, Ford Foundation and current Project Director at the Low Income Housing Fund
- Michael Rauenhorst, family foundation trustee
- Nick Smith, Chairman, Community Development Venture Capital Alliance and Chair of the Finance Committee at Northwest Area Foundation