Spotlight on Investors: Rockefeller Foundation
22-Jul-2019 10:58:05 AM
The Rockefeller Foundation was founded in 1913 by John D. Rockefeller. Its mission is to promote humanity's well-being by building collaborative relationships to solve global challenges related to health, food, power, and economic mobility. As of December 31, 2016, the Rockefeller Foundation managed an endowment of US$ 4 billion.
The Rockefeller Foundation has been a pioneer in Impact Investing, a term that was coined at the foundation's Bellagio Center in 2007. Their program-related investment portfolio was launched in the 1990s, investing in the first micro-finance debt funds. They have been leveraging their grant-making to build the field of impact investing field – developing networks, measurements and standards like the Global Impact Investing Network (GIIN), B-Lab and GIIRS. In 2019, the Foundation announced the creation of a new entity: Rockefeller Foundation Impact Investment Management to mobilize like-minded investors to scale up finance vehicles the UN Sustainable Development Goals funding gap.