Philanthropic Investing

MIT Innovation Initiative

Article

This pair of practice briefs from the MIT Innovation Initiative is intended to serve as a guide for investors, philanthropists, institutions, and entrepreneurs interested in using charitable capital to support early-stage, science-based innovation in for-profit enterprises. Charitable capital can be granted and/or invested into market-based solutions from several different philanthropic structures. One brief covers options available to those utilizing a private foundation to support innovation, while its companion brief covers options for those interested to use a Donor Advised Fund.

CLS

Clarifying IRS’s View
on Climate Change..

Article

Mitigating climate change is going to require unlocking new sources of finance to fund the innovative technologies that will take us to a low – emissions future.

new_vision

A New Vision for Funding Science

Article

The gap between the lab and the field — between the work of scientific discovery and the achievement of social impact — has grown wider during the late 20th and early 21st centuries. So has the gap between philanthropic funding for university-based research and venture capital funding for the commercialization of products and services. But the emerging practice of philanthropic investment holds the potential to close this dual gap.

program_related

Program-related Investments 101

Short Video

The Impact Finance Center, a partnership between the University of Denver and the Sustainable Endowments Institute, compiled a 3-minute video that summarizes the function and potential of program-related investments as a tool for private, corporate and community foundations.

program_related_investments

PRIs: Rules for Private Foundations

Short Course

The legal staff at the David and Lucile Packard Foundation, Bill & Melinda Gates Foundation, William and Flora Hewlett Foundation, and Gordon and Betty Moore Foundation joined together to develop a comprehensive training program for making program-related investments – freely accessible to all private foundations.

makingMarkets

Making Markets Work for the Poor

Article

In early 2016, ImpactAlpha worked closely with the Gates Foundation to dissect its program-related investments. The SSIR published their findings in a series of articles linked here.

Climate Finance

arpae

ARPA-E UNIVERSITY: CHARITABLE INVESTMENT FOR ENERGY INNOVATION 101

Short Video

This webinar explores a new, potential source of capital for energy technology innovation: charitable investments. Although charitable investments in energy technology companies are still in their infancy, this webinar examines program-related investments (PRIs) and other charitable financing tools that could help support early-stage energy technology entrepreneurs.

impact_investing

Impact Investing in the Energy Sector

White Paper

PRIME, Stanford’s Steyer-Taylor Center for Energy Policy & Finance, and the Mission Investors Exchange joined forces to describe the current landscape of investors and support organizations across the energy innovation and deployment pipeline. This paper describes the disjointed nature of energy impact investing in 2014 and how the federal government might catalyze increased and more coordinated investment activity.

monkPaper

Energizing the US Resource Innovation Ecosystem

White Paper

In 2015, PRIME, Stanford’s Steyer-Taylor Center for Energy Policy & Finance, and Stanford’s Global Projects Center joined forces to propose an independent and aligned intermediary that would help long-term institutional investors identify the most promising companies and projects for global greenhouse gas reduction at scale.

navigate_risk

Navigating Climate Risk

White Paper

Ceres’ primer for family offices that are interested in finance-first investing with awareness that climate change will influence market dynamics over the coming years.

unexplored_role

Philanthropy’s (Unexplored) Role in the Fight Against Climate Change

Op-Ed

By 2014, most philanthropists weren’t empowered to address the vast capital gap for early-stage energy innovation, nor given the tools they needed to use program-related investments as an important tool in their grantmaking toolbox to fill this gap.

marshaling_investors

Marshaling Investors for Clean Energy

Op-Ed

By investing in clean energy, impact investors can become a powerful force for fighting climate change.