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Just desserts - Sara Lee foundation to invest all assets into social change
by Lee Mannion
Thomson Reuters Foundation Translate This Article
16 March 2018
On 16 March 2018 Thomson Reuters Foundation reported:
The charity founded by the previous owner of frozen dessert-maker Sara Lee in the United States said it would invest its entire $440-million asset pool in ways that drive social change. The New York-based Nathan Cummings Foundation (NCF), which in 2016 agreed grants of $23 million, said its decision would make it 'one of the largest foundations to commit 100 percent' to so-called impact investing.
Global Good News service views this news as a sign of rising positivity in the field of business, documenting the growth of life-supporting, evolutionary trends.
Impact investing takes into account financial returns as well as the effect such investments have on people's lives. ...
NCF's move follows last year's decision by the Ford Foundation -- the country's second-largest grantmaking foundation with $12.4 billion in assets -- to commit up to $1 billion to impact investing over a decade.
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