| Goods |
Our impact investment exploration also saw us
investing in two social impact bonds (SIBs). Both SIBs
provided access to programs (health & education)
intended to improve the circumstances of social
service beneficiaries. Although the CDF participated in
these investments, it was not without some concerns
and questions about the nature of a “pay for success”
social service model. As a result, during this past
year we supported The Invisible Heart documentary
because we saw the benefit of examining the pros and
cons of SIBs with regard to the CDF, and for any other
foundation considering this type of investment. For
more information on The Invisible Heart check out
www.theinvisibleheart.ca
In November 2017, the CDF released a report entitled
Impactful Investment: Capital as a Force for Good:
Moving from Theory to Practice, written by Jason
Dudek, Chair of the CDF’s Investment Committee.
In it, he writes,
Engaging with our capital, and fully
understanding its power, is a matter of
ethical integrity for foundations and
endowments. For those seeking to make
positive change through the proceeds of
capital, it is vital we cultivate a deep
understanding of how it is actively
shaping our increasingly globalized
and financialized world. |