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  • Association of Small Foundations supports the More for Mission Campaign

    June 29, 2009

    Lisa Hagerman, Monday, June 29th, 2009

    In May 2008 the Association of Small Foundations (ASF) Board of Directors adopted a resolution in support of the More for Mission Campaign (at the time referred to as the 2% Campaign). The resolution encouraged small foundations to look into the campaign and decide if joining the campaign makes sense for their organization. The Triple EEE Foundation (ASF member and member of the More for Mission Leadership Committee) has similarly adopted a Board Resolution in which it seeks, “as an integral part of its own mission, to do what it can to increase the awareness of and use of mission investing by foundations throughout the country.”

    Floyd Keene, President of the Triple EEE Foundation of Deerfield IL, is a strong proponent of mission investing. As of June 2009 the foundation’s assets are currently 100% mission invested. Amidst the downturn in the economy the foundation’s mission investments outperformed conventional investments. At year-end 2008 its portfolio was up 1.20% for the year compared to 35-40% decreases in market averages.
     

    posted 12:50PM 06/29/2009 by Lisa Hagerman

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