Conventional wisdom has it that money is either charity or an investment; there is no in between.
Impact investing has changed that. And foundations now endorse the model.
The Council on Foundations in a memo six months ago endorsed impact investing. This is a big deal because it puts impact investing in the sights of more than 1,700 foundations representing some $300 billion. In November, Forbes profiled the Omidyar Network, a foundation begun by eBay pioneer Pierre Omidyar and his wife Pam, that has embraced impact investing. And Parade magazine in December put Howard Buffett on its cover. Buffett’s venture philanthropy model spans post-conflict countries and hunger in America.