investing it’s the act of committing money or capital into an enterprise with
money or capital into an enterprise with
money or capital into an enterprise with the intention of earning a profit an
the intention of earning a profit an
the intention of earning a profit an additional profit or income
additional profit or income
additional profit or income now what if additional profit meant
now what if additional profit meant
now what if additional profit meant something more than a few percentage
something more than a few percentage
something more than a few percentage points of interest in your retirement
points of interest in your retirement
points of interest in your retirement account or your IRA or investment
account or your IRA or investment
account or your IRA or investment account
account
account what if additional profit also meant
what if additional profit also meant
what if additional profit also meant common good advanced like more housing
common good advanced like more housing
common good advanced like more housing built or more jobs created or more local
built or more jobs created or more local
built or more jobs created or more local food grown that’s the idea behind impact
food grown that’s the idea behind impact
food grown that’s the idea behind impact investing the intentional marriage of
investing the intentional marriage of
investing the intentional marriage of profit and values now this idea of
profit and values now this idea of
profit and values now this idea of investing with a marriage of profit and
investing with a marriage of profit and
investing with a marriage of profit and values is not new for several hundred
values is not new for several hundred
values is not new for several hundred years the Methodist Church has advised
years the Methodist Church has advised
years the Methodist Church has advised its followers not to invest in companies
its followers not to invest in companies
its followers not to invest in companies that are involved with weapons or
that are involved with weapons or
that are involved with weapons or alcohol or tobacco it’s probably the
alcohol or tobacco it’s probably the
alcohol or tobacco it’s probably the earliest form of investment screening
earliest form of investment screening
earliest form of investment screening now it’s many of you myself included
now it’s many of you myself included
now it’s many of you myself included probably went to college at a time and
probably went to college at a time and
probably went to college at a time and we were pressing our universities to
we were pressing our universities to
we were pressing our universities to divest from South Africa remember that
divest from South Africa remember that
divest from South Africa remember that well that was an early form of s RI or
well that was an early form of s RI or
well that was an early form of s RI or socially responsible investing we didn’t
socially responsible investing we didn’t
socially responsible investing we didn’t know it at the time but we were
know it at the time but we were
know it at the time but we were advocating for SR I taking something out
advocating for SR I taking something out
advocating for SR I taking something out of your investment portfolio that’s not
of your investment portfolio that’s not
of your investment portfolio that’s not aligned with your values now a more
aligned with your values now a more
aligned with your values now a more recent iteration of this is called ESG
recent iteration of this is called ESG
recent iteration of this is called ESG or environment social and governance use
or environment social and governance use
or environment social and governance use those criteria to actually favor
those criteria to actually favor
those criteria to actually favor companies that are taking good care of
companies that are taking good care of
companies that are taking good care of the environment taking care of their
the environment taking care of their
the environment taking care of their workers creating sustainable products
workers creating sustainable products
workers creating sustainable products and so on there are more and more people
and so on there are more and more people
and so on there are more and more people who are looking for this kind of
who are looking for this kind of
who are looking for this kind of investment option and the marketplace is
investment option and the marketplace is
investment option and the marketplace is responding so let me give you a sense of
responding so let me give you a sense of
responding so let me give you a sense of the scale there are about 200 trillion
the scale there are about 200 trillion
the scale there are about 200 trillion dollars of invested assets across the
dollars of invested assets across the
dollars of invested assets across the globe now last year about 4% of that a
globe now last year about 4% of that a
globe now last year about 4% of that a little more than eight trillion dollars
little more than eight trillion dollars
little more than eight trillion dollars went into sustainable or socially
went into sustainable or socially
went into sustainable or socially responsible investments in the US alone
responsible investments in the US alone
responsible investments in the US alone and earlier this year the global impact
and earlier this year the global impact
and earlier this year the global impact investing networks said that about a
investing networks said that about a
investing networks said that about a hundred and fifteen billion dollars were
hundred and fifteen billion dollars were
hundred and fifteen billion dollars were put into impact investments
put into impact investments
put into impact investments in 2016 so what’s so compelling about
in 2016 so what’s so compelling about
in 2016 so what’s so compelling about impact investing and why is it taking
impact investing and why is it taking
impact investing and why is it taking off
off
off well impact investing instead of
well impact investing instead of
well impact investing instead of screening out the bad things impact
screening out the bad things impact
screening out the bad things impact investing is screening in good things
investing is screening in good things
investing is screening in good things with impact investing you put your money
with impact investing you put your money
with impact investing you put your money deliberately into companies and funds
deliberately into companies and funds
deliberately into companies and funds and enterprises that are combining
and enterprises that are combining
and enterprises that are combining profit with good
profit with good
profit with good it’s a classic double bottom line
it’s a classic double bottom line
it’s a classic double bottom line financial benefit and environmental
financial benefit and environmental
financial benefit and environmental economic social and community benefit so
economic social and community benefit so
economic social and community benefit so you might wonder why a Community
you might wonder why a Community
you might wonder why a Community Foundation like ours is involved with
Foundation like ours is involved with
Foundation like ours is involved with impact investing so let me give a little
impact investing so let me give a little
impact investing so let me give a little primer on on foundations there are about
primer on on foundations there are about
primer on on foundations there are about 85,000 foundations in the country you
85,000 foundations in the country you
85,000 foundations in the country you probably know the big ones the Bill and
probably know the big ones the Bill and
probably know the big ones the Bill and Melinda Gates Foundation the Ford
Melinda Gates Foundation the Ford
Melinda Gates Foundation the Ford Foundation the Kauffman Foundation these
Foundation the Kauffman Foundation these
Foundation the Kauffman Foundation these are mostly private foundations
are mostly private foundations
are mostly private foundations most of them established by a wealthy
most of them established by a wealthy
most of them established by a wealthy individual family corporation and they
individual family corporation and they
individual family corporation and they usually are focusing on a single issue
usually are focusing on a single issue
usually are focusing on a single issue or a couple of issues like some kind of
or a couple of issues like some kind of
or a couple of issues like some kind of social change or poverty alleviation
social change or poverty alleviation
social change or poverty alleviation social entrepreneurship climate change
social entrepreneurship climate change
social entrepreneurship climate change etc among those eighty-five thousand
etc among those eighty-five thousand
etc among those eighty-five thousand they’re about eight hundred Community
they’re about eight hundred Community
they’re about eight hundred Community Foundation’s like ours and they’re a
Foundation’s like ours and they’re a
Foundation’s like ours and they’re a little bit different each Community
little bit different each Community
little bit different each Community Foundation is a public charity just like
Foundation is a public charity just like
Foundation is a public charity just like the animal shelter that you’d like down
the animal shelter that you’d like down
the animal shelter that you’d like down the street we take care of issues across
the street we take care of issues across
the street we take care of issues across the broad spectrum from the environment
the broad spectrum from the environment
the broad spectrum from the environment to the arts and we do that with gifts
to the arts and we do that with gifts
to the arts and we do that with gifts from lots and lots and lots of people in
from lots and lots and lots of people in
from lots and lots and lots of people in fact we’re the original crowdfunding
fact we’re the original crowdfunding
fact we’re the original crowdfunding platform it works like this lots of
platform it works like this lots of
platform it works like this lots of generous people make contributions to
generous people make contributions to
generous people make contributions to the charitable foundation or the
the charitable foundation or the
the charitable foundation or the Community Foundation they’re all those
Community Foundation they’re all those
Community Foundation they’re all those little gifts are turned into charitable
little gifts are turned into charitable
little gifts are turned into charitable funds and those funds are kind of like
funds and those funds are kind of like
funds and those funds are kind of like little mini private foundations that are
little mini private foundations that are
little mini private foundations that are operating under our fiscal umbrella we
operating under our fiscal umbrella we
operating under our fiscal umbrella we pool those assets we invest them we make
pool those assets we invest them we make
pool those assets we invest them we make the proceeds available each year for
the proceeds available each year for
the proceeds available each year for grants and scholarships I think of us as
grants and scholarships I think of us as
grants and scholarships I think of us as kind of a credit union for philanthropy
kind of a credit union for philanthropy
kind of a credit union for philanthropy now part of our mission at New Hampshire
now part of our mission at New Hampshire
now part of our mission at New Hampshire Charitable Foundation is to help meet
Charitable Foundation is to help meet
Charitable Foundation is to help meet New Hampshire’s needs in perpetuity it’s
New Hampshire’s needs in perpetuity it’s
New Hampshire’s needs in perpetuity it’s a long time so to do that we need to
a long time so to do that we need to
a long time so to do that we need to invest about 95% of our
invest about 95% of our
invest about 95% of our assets that for us generates about 40
assets that for us generates about 40
assets that for us generates about 40 million dollars of grants and
million dollars of grants and
million dollars of grants and scholarships that we can distribute each
scholarships that we can distribute each
scholarships that we can distribute each year so what about that other 95 percent
year so what about that other 95 percent
year so what about that other 95 percent what if there was some way that we could
what if there was some way that we could
what if there was some way that we could take a portion to that 95 percent and
take a portion to that 95 percent and
take a portion to that 95 percent and put it to work to do good today
put it to work to do good today
put it to work to do good today that’s what impact investing is all
that’s what impact investing is all
that’s what impact investing is all about New Hampshire terrible foundation
about New Hampshire terrible foundation
about New Hampshire terrible foundation is taking a portion of our endowment and
is taking a portion of our endowment and
is taking a portion of our endowment and investing it closer to home to help the
investing it closer to home to help the
investing it closer to home to help the people of New Hampshire today and earn
people of New Hampshire today and earn
people of New Hampshire today and earn the financial return so let me give you
the financial return so let me give you
the financial return so let me give you a couple examples of some of the impact
a couple examples of some of the impact
a couple examples of some of the impact investment investments that we’re doing
investment investments that we’re doing
investment investments that we’re doing that are part of our impact investment
that are part of our impact investment
that are part of our impact investment portfolio in New Hampshire right now
portfolio in New Hampshire right now
portfolio in New Hampshire right now alone through the New Hampshire
alone through the New Hampshire
alone through the New Hampshire community loan fund is helping the
community loan fund is helping the
community loan fund is helping the Brooke furred farm to save ten existing
Brooke furred farm to save ten existing
Brooke furred farm to save ten existing jobs create four new ones create a new
jobs create four new ones create a new
jobs create four new ones create a new retail operation and create a
retail operation and create a
retail operation and create a sustainably monitored Community
sustainably monitored Community
sustainably monitored Community Supported Agriculture program or CSA
Supported Agriculture program or CSA
Supported Agriculture program or CSA alone – the Nature Conservancy is
alone – the Nature Conservancy is
alone – the Nature Conservancy is helping that organization to preserve
helping that organization to preserve
helping that organization to preserve and restore depleted fisheries in the
and restore depleted fisheries in the
and restore depleted fisheries in the Gulf of Maine
Gulf of Maine
Gulf of Maine now TNC working with local fishermen in
now TNC working with local fishermen in
now TNC working with local fishermen in that program is going to try to improve
that program is going to try to improve
that program is going to try to improve the health of local waters improve the
the health of local waters improve the
the health of local waters improve the economic vitality of coastal communities
economic vitality of coastal communities
economic vitality of coastal communities where those fishermen live and generate
where those fishermen live and generate
where those fishermen live and generate a good supply of sustainably harvested
a good supply of sustainably harvested
a good supply of sustainably harvested local fish in the rural northern part of
local fish in the rural northern part of
local fish in the rural northern part of our state and investment in the
our state and investment in the
our state and investment in the Littleton food co-op is helping that
Littleton food co-op is helping that
Littleton food co-op is helping that local grocery to expand hire more
local grocery to expand hire more
local grocery to expand hire more workers at living wage jobs use less
workers at living wage jobs use less
workers at living wage jobs use less energy buy more goods from local vendors
energy buy more goods from local vendors
energy buy more goods from local vendors and make more good groceries available
and make more good groceries available
and make more good groceries available at affordable prices to the local
at affordable prices to the local
at affordable prices to the local community now together all of these
community now together all of these
community now together all of these investments and other ones in our
investments and other ones in our
investments and other ones in our portfolio are going to earn us a profit
portfolio are going to earn us a profit
portfolio are going to earn us a profit to expand our endowment to provide grant
to expand our endowment to provide grant
to expand our endowment to provide grant making for future generations in future
making for future generations in future
making for future generations in future years and to have an impact today for
years and to have an impact today for
years and to have an impact today for the people of New Hampshire now the
the people of New Hampshire now the
the people of New Hampshire now the Hampshire Charitable Foundation is not
Hampshire Charitable Foundation is not
Hampshire Charitable Foundation is not alone in this endeavor there are
alone in this endeavor there are
alone in this endeavor there are community foundations across the country
community foundations across the country
community foundations across the country that are taking up impact investing the
that are taking up impact investing the
that are taking up impact investing the San Francisco foundation is a robust
San Francisco foundation is a robust
San Francisco foundation is a robust nonprofit loan program
nonprofit loan program
nonprofit loan program the Greater Cincinnati foundation is
the Greater Cincinnati foundation is
the Greater Cincinnati foundation is investing in the high-tech sector in
investing in the high-tech sector in
investing in the high-tech sector in southeastern Ohio and just over in
southeastern Ohio and just over in
southeastern Ohio and just over in Wisconsin in central Wisconsin the
Wisconsin in central Wisconsin the
Wisconsin in central Wisconsin the encouraged Community Foundation is
encouraged Community Foundation is
encouraged Community Foundation is devoting its entire asset base thirty
devoting its entire asset base thirty
devoting its entire asset base thirty five million dollars to transform the
five million dollars to transform the
five million dollars to transform the regional economy after their biggest
regional economy after their biggest
regional economy after their biggest employer closed down several years ago
employer closed down several years ago
employer closed down several years ago so what can each one of you do you may
so what can each one of you do you may
so what can each one of you do you may not have a lot of money but how can you
not have a lot of money but how can you
not have a lot of money but how can you become an impact investor well first of
become an impact investor well first of
become an impact investor well first of all keep your money local according to
all keep your money local according to
all keep your money local according to researcher and author Michael Shuman
researcher and author Michael Shuman
researcher and author Michael Shuman every dollar that you spend in your town
every dollar that you spend in your town
every dollar that you spend in your town is going to generate two to three
is going to generate two to three
is going to generate two to three dollars of additional economic activity
dollars of additional economic activity
dollars of additional economic activity close to home that’s a great investment
close to home that’s a great investment
close to home that’s a great investment so let me give you three tangible ways
so let me give you three tangible ways
so let me give you three tangible ways that you can do that first spend money
that you can do that first spend money
that you can do that first spend money on Main Street that act alone is a great
on Main Street that act alone is a great
on Main Street that act alone is a great investment in your community number two
investment in your community number two
investment in your community number two put your money in a local bank the
put your money in a local bank the
put your money in a local bank the credit union that Community Bank down
credit union that Community Bank down
credit union that Community Bank down the corner they’re probably the ones
the corner they’re probably the ones
the corner they’re probably the ones that are providing financing to your
that are providing financing to your
that are providing financing to your neighbor who’s opening a new business
neighbor who’s opening a new business
neighbor who’s opening a new business just down the block your money in that
just down the block your money in that
just down the block your money in that local bank is probably what’s making
local bank is probably what’s making
local bank is probably what’s making that how that financing happen and third
that how that financing happen and third
that how that financing happen and third if you have an IRA an investment account
if you have an IRA an investment account
if you have an IRA an investment account talk to your adviser ask your advisor
talk to your adviser ask your advisor
talk to your adviser ask your advisor about socially responsible or
about socially responsible or
about socially responsible or sustainable investing merely asking the
sustainable investing merely asking the
sustainable investing merely asking the question is going to give you some more
question is going to give you some more
question is going to give you some more options one other thing just about
options one other thing just about
options one other thing just about everybody in this room has got a
everybody in this room has got a
everybody in this room has got a Community Foundation in your town talk
Community Foundation in your town talk
Community Foundation in your town talk to your community foundation ask them if
to your community foundation ask them if
to your community foundation ask them if they have an impact investing program a
they have an impact investing program a
they have an impact investing program a Community Foundation is an enduring
Community Foundation is an enduring
Community Foundation is an enduring source of permanent capital for a place
source of permanent capital for a place
source of permanent capital for a place an impact investing is yet another tool
an impact investing is yet another tool
an impact investing is yet another tool that they can use to advance their
that they can use to advance their
that they can use to advance their mission to support community impact
mission to support community impact
mission to support community impact investing it’s a great way to have your
investing it’s a great way to have your
investing it’s a great way to have your money actively do good for your wallet
money actively do good for your wallet
money actively do good for your wallet and for the world thank you
and for the world thank you
and for the world thank you [Applause]
[Applause]
[Applause] [Music]
”
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