"If you can both make smart investment decisions and support a cause you value at the same time, that seems a no-brainer."
So says Laura Ewbank, an attorney and assistant general counsel at Microsoft, of her decision to invest 100% of her Giving Account into Fidelity Charitable's impact investing pools in 2021.
Ewbank, who says she's "trying to be more sophisticated in how I invest," was spurred to do so after learning about impact investing from a financial advisor, per a press release.
Fidelity Charitable, an independent nonprofit and the nation's largest grantmaker, says its assets allocated to impact investments rose from $2 billion in 2020 to $3 billion in 2021�a 67% increase, per Fortune.
The trend isn't limited to impact investing, which Fidelity Charitable defines as "using one's investment choices to help achieve social benefits while also generating financial returns."
Two-thirds of Millennials (61%) say impact investing has greater potential than traditional forms of philanthropy to create long-term positive change, and 62% believe it has greater potential than traditional forms of philanthropy to create long-term positive change, per the press release.
Fidelity Charitable also found that 41% of current participants plan to increase their amount of impact investing, and almost none expect to decrease their giving. Read the Entire Article
A customized collection of grant news from foundations and the federal government from around the Web.
Dr. Rajiv Shah, the Administrator of the U.S. Agency for International Development (USAID) leads the U.S. government’s efforts to end extreme poverty. He chose to participate in the impact investing conference at the Vatican and met with Pope Francis directly to address world poverty, the future of impact investing, and promotion of resilient, vibrant democratic societies worldwide.