"To meet the challenges of our time, foundations must deploy resources across the full spectrum of capital, including grants, catalytic capital, and endowment investments that align with mission and values," says John Palfrey, president of the John D.
MacArthur Foundation, in announcing his new role as chair of the US Impact Investing Alliance.
The Alliance, a not-for-profit dedicated to "building the impact investing ecosystem," aims to put " measurable social, economic, and environmental impact at the center of every investment decision," per a press release.
Palfrey will take over for Darren Walker, president of the Ford Foundation, who has led the Alliance since its founding in 2016.
"The impact investing movement is reshaping our economy and working to deliver a more just and equitable society," Walker says.
"The Ford Foundation and our peers have been able to participate in this essential work precisely because of organizations like the Alliance, and I am excited to continue working with my colleagues around the world to deepen this movement further."
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Tom’s, the social enterprise popular for its shoes, has released a pair of shoes and a pair of shades to benefit Make It Right, a nonprofit founded by Brad Pitt in 2007 that builds affordable, green homes, buildings and communities for underserved and low-income populations.