How foundations can reimagine a proven philanthropic tool to more effectively address today’s social and environmental challenges.
Mission investments are a proven tool that enables us to seize time-sensitive opportunities and grow promising innovations in ways we could not with grants alone. These investments help attract new sources of private capital to the issues we care about and recycle resources to make more dollars available over the long-term. Since our first mission investment in 1980, the Packard Foundation has made more than 250 investments totaling $750 million, dedicating up to $180 million of our endowment at a given time.
This article was originally published on the Stanford Social Innovation Review’s website as a part of their series, Mission Possible: How Foundations Are Shaping the Future of Impact Investing. The full article can be viewed here.