專欄基金會

Impact investing for good and market returns

The mighty $12bn Ford Foundation announced last week that it has recruited Roy Swan, a senior Morgan Stanley banker, to run a portion of its investments. No surprise there, you might think: philanthropy is now such a multibillion-dollar “business” in the US, that foundations need plenty of financial savvy.

But this recruitment has a twist: Mr Swan is not only being tasked with producing market returns, but “social” returns, too. More specifically, the Ford Foundation recently earmarked $1bn for “mission” or “impact” investing, or investments that are supposed to promote social change and old-fashioned profits.

That is because the Ford trustees no longer think that charity is “just” about handing out cash for worthy causes; it is also about aggressively trying to harness capitalism and capital markets to promote change. Or as Darren Walker, the foundation head, recently told a Financial Times conference: “It’s not just 5 per cent of your money you give away that matters. What you do with the other 95 per cent is almost more important.”

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吉蓮•邰蒂

吉蓮•邰蒂(Gillian Tett)擔任英國《金融時報》的助理主編,負責全球金融市場的報導。2009年3月,她榮獲英國出版業年度記者。她1993年加入FT,曾經被派往前蘇聯和歐洲地區工作。1997年,她擔任FT東京分社社長。2003年,她回到倫敦,成爲Lex專欄的副主編。邰蒂在劍橋大學獲得社會人文學博士學位。她會講法語、俄語、日語和波斯語。

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