Read The Philanthropist Journal’s feature here.
An excerpt from the article:
Inspirit Foundation, only eight years old, now has 100% of its $40 million in impact investing and is beating traditional financial benchmarks while aligning with its mission of addressing discrimination based on race, ethnicity, or religion.
Jory Cohen, the foundation’s director of finance and impact investment, became interested in impact investing after reading Banker to the Poor, the autobiography of Nobel Peace Prize winner Muhammad Yunus, which his mother had given him as a birthday present before he entered London’s Ivey Business School.
“I approached my studies through that lens. It was eye-opening for me,” he says.
Inspirit’s investment portfolio is based on companies that earn the majority of their revenues in line with the United Nations Sustainable Development Goals. “We have found that not only are we not sacrificing financial returns, we are beating benchmarks. It has been true in the long-term and the short-term,” Cohen says.
Read the full article here.