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Investing with Impact: foundations in Southern California explore mission investing strategies

Lisa Hagerman, Thursday, February 19th, 2009

A workshop on mission investing was held in the Los Angeles office of the Federal Reserve Bank of San Francisco. The event was a collaborative effort, sponsored by Wall Street Without Walls, the Milken Institute, the Federal Reserve Bank of San Francisco, Bay Area Council, Southern California Grantmakers, Association of Small Foundations, Rockefeller Philanthropy Advisors, AltruShare Securities, and Impact Community Capital!

The event brought together foundations from Southern California interested in mission investing—with the discussion on both below-market investments and market-rate investments across the asset classes of fixed income, private equity (venture capital), and equity real estate. The luncheon discussion included presentations from Leadership Committee member, Kate Starr of the F.B. Heron Foundation along with another institutional investor (public pension fund) and proponent of targeted investing—Sean Harrigan of the Los Angeles Fire & Police Commission. The virtues of mission investing were highlighted throughout the day emphasizing the importance of mission investing as an overall investment strategy for foundations. Presentations are available on the Wall Street Without Walls website.
 

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