Religious Investors Put Their Faith in Impact Funds


credit: USACE on Flickr

The Church of England's $10 billion endowment will soon be putting its money where its mouth is.

The church announced in January that it would set aside $100 million to compensate for its role in slavery, the Financial Times reports.

The church's chief investment officer, Tom Joy, says some of that money will be invested in impact investment funds, which aim to achieve social impact rather than maximizing financial returns.

"When I'm talking about the impact-first investments we've made already, what we're really focusing on with that is how we can be catalytic, providing the sort of vital seed capital to impact-focused managers," Joy says.

The Church of England's investment in impact investment funds will be part of a $5 billion global pool of "faith-aligned" impact investment capital, according to a report by the Oxford Faith-Aligned Impact Finance (Oxfaif) project.

The majority of that $5 billion is held by sovereign-backed Islamic finance funds, while another $1 billion is held by private funds devoted to Islamic capital, as well as $300 billion is held by Hinduism, Sikhism, and other Dharmic faiths.

Christian faith-based impact investors hold $260 billion, while their Jewish counterparts hold $16 billion.

Joy says the Church

Read the Entire Article


Selected Grant News Headlines

A customized collection of grant news from foundations and the federal government from around the Web.

Awief Victoria'S Secret Growth Accelerator 2024 for Nigerian Women Entrepreneurs

Victoria's Secret is teaming up with the African Women's Initiative for Entrepreneurship (AWIEF) to create a seven-month accelerator program for Nigerian women entrepreneurs, the BBC reports. The...more

Schroders Expands Impact Investing Lineup with New Sdg-Focused Global Equity Fund

"There is no compromise needed on performance." That's what global investment manager Schroders is banking on with its new Schroder International Selection Fund, which aims to generate strong...more

Africa Women Innovation and Entrepreneurship Forum (Awief) and Victoria'S Secret ...

Victoria's Secret is putting its money where its mouth is in Nigeria. The company has teamed up with the Africa Women Innovation and Entrepreneurship Forum to offer a seven-month accelerator...more

Partner Insight: Global Social Bonds Can Offer More Impact

One of the world's biggest asset managers has launched a new fund that aims to invest in some of the world's poorest countries, the Guardian reports. Called the CT Global Social Bond Fund, it's...more

Veris Wealth Partners Named Finalist for Four 2024 Family Wealth Report Awards

"We're working to push the boundaries of how wealth management can do good in the world, and we're honored to be recognized for making an impact in the industry." Such is the pronouncement of...more

"Impact Investing Is Becoming Increasingly Important"

When Matt Christensen moved to Europe from the US 25 years ago, he hoped to build the business of the US financial portal Motley Fool in Germany. But the dot-com crash changed everything for the...more

3 Myths About Franchising That You Need to Stop Believing

"There's no such thing as a semi-absentee owner." That's what Stephen Bialek and Tariq Farid, who have decades of experience working with consumer and franchise brands, tell Entrepreneur in a...more

Radical Sustainability Experimentation in Tourism Highlights Challenges, Opportunities

"We asked ourselves, what might a trip look like today that could potentially be the future as a whole, across every single trip that we run? We set this veryambitious target: How low can we go...more

Author Megan Mayhew-Bergman on Honoring Complexity in Your Work

Megan Mayhew-Bergman's first book, Birds of a Lesser Paradise, is "pretty squarely environmental," but the author says she didn't realize how much she wanted to focus her writing on the natural...more

Lake George'S $10M State Grant May Focus on Housing, Historic Heritage.

The upstate New York town of Lake George has been given $10 million from the state to spend on "high-impact" community improvement projects, including housing, reports the Post-Star. The town and...more



Social Entrepreneurship
Spotlight



Black Country Social Enterprises Bag SEWM Awards


Social enterprise triumvirate from the Black Country were recognized as the main winners at the Social Enterprise West Midlands (SEWM)-backed event.




Social Sector Jobs

  Education Jobs
  Fundraising & Development Jobs
  Program Director Jobs
  Social Work Jobs
  Foundation Related Jobs


Federal Government Grant and Assistance Programs


Special Education_Preschool Grants | Christopher Columbus Awards | Court Appointed Special Advocates | Advancing System Improvements to Support Targets for Healthy People 2010 | Scientific Research Combating Weapons of Mass Destruction | Food Aid Nutrition Enhancement Program | HIV Prevention Programs for Women | Lake Mead/Las Vegas Wash Program | | Site Style by YAML | Grants.gov | Grants | Grants News | Sitemap | Privacy Policy

Edited by: Michael Saunders

© 2008-2024 Copyright Michael Saunders