.png?width=200&height=78&name=CH%20Diligence%20(thicker%20line-white).png "CH Diligence (thicker line-white)")
Spotlight on Investors: Heron Foundation
15-Jul-2019 10:56:24 AM
The F.B. Heron Foundation was founded in 1992 by an anonymous benefactor to support people and communities help themselves out of poverty. Since 1996, Heron has been developing a mission-related investment strategy to leverage their resources in order to increase their impact on low-income communities. By 2012, all of the Heron's assets were invested in Mission-related investments and grant-making. As at December 31, 2017, Heron had $ 308 million of assets under management.
The investment and grants portfolio are managed by the same investment committee. All of their activities rest on four strategic pillars: Community Systems, Net Contribution, Properly Capitalizing Enterprises, and Conscious Portfolio Construction. Investments must touch at least one of the aforementioned strategic pillars. Additionally, each for-profit investment measures, evaluates, and monitors the aggregate effect of an organization on human, financial, civic and natural capital. This methodology was utilized to create the U.S. Community Investing Index (Bloomberg Ticker: CMTYIDX), an index of publicly traded companies contributing positively to the communities in which they operate.
