Andrew Milner’s piece ‘What happens to the rest of it? How foundations make investments’ does a very good job of identifying how foundations evolve their thinking about how they can change the world for the better.
At Veris Wealth Partners, we’ve been working with foundations over the past 10 years and during that time, we’ve seen a profound shift in their approach and practice.
Initially, many foundations with a social mission were focused on screening out companies that had a negative impact on individuals, society or the environment. They declined to invest in fossil fuels, cigarette companies, prisons or other companies perceived to have a detrimental effect on the planet.
Those with such holdings divested, and in the process, made a very strong statement.