To encourage more funders to place their assets in mission-related investments, Community Foundations of Canada has launched an online toolkit for socially-responsible investing.
The site, part of the organization's Responsible Investing Pilot Project, features primers on mission-related investment, an overview of trends and research, information on fiduciary issues, and a list of consultants and asset managers with experience in the field.
The ultimate goal of the overall pilot project is to increase the percentage of their assets that community foundations place in socially-responsible investment.
"The market turmoil of the past year has underscored the importance of finding the most effective ways to use foundation assets," Monica Patten, president and CEO of Community Foundations of Canada, says in a statement.
"Many long-term investors - including foundations - are also reexamining their investment beliefs and philosophies to take into account environmental, social and governance factors," she says.
Canada's community foundations together hold more than $2.4 billion in assets and awarded grants last year totaling $169 million.
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