I read this quote about four years ago, close to the time I joined the Board of Directors of the Greater Tacoma Community Foundation. Having been a member of the GTCF Vibrant Community Grants committee before then, I had first-hand experience how challenging many giving decisions are.The mission of the GTCF is noble and much good work has been done to benefit our community. But it is not always easy to determine exactly how much to give or how to best put charitable dollars to work.
When Arch Bishop Desmond Tutu visited Tacoma, he spoke to the crowd about Ubuntu. He said that it was the idea that “my humanity is caught up, is inextricably bound up, in yours.” I can’t think of another institution in our community that better personifies the belief in Ubuntu than the Greater Tacoma Community Foundation.
With this article we complete our five-part series on impact investing. The previous articles offered an overview of impact investing, outlined the Greater Tacoma Community Foundation’s interests in the space, and introduced you to our partners, the National Development Council and Craft3. I hope this series has sparked your interest in the subject and our activities. Now, at the start of 2016, I’d like to share our vision for the year ahead.
The time has come! I have shared with you my understanding of impact investing, and why it is important for the Greater Tacoma Community Foundation to explore this new investment tool. Now I want to dig into the commitments we have already made. We are proud that they illustrate the diversity of ways we can make our community even stronger. This post will focus on our first investment, with the National Development Council.
You’ve probably already heard that at GTCF we have a big mission: to build a vibrant, compassionate, and engaged Pierce County. To achieve this goal, we look to partner with individuals, families, community leaders, nonprofit organizations, businesses, and anyone else who is interested in joining us. And, just as we are looking for more people to engage, we are also looking for the most effective tools to do our work.
Double bottom line investing. Triple bottom line investing. Socially responsible investing. Mission-related investing. Impact investing. There are more terms than we can list to describe all the opportunities today to invest for good. Impact investing is shaking up both philanthropic and traditional finance circles, having captured the attention of investors of all stripes: private and > Continue Reading