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Coalition Of High-Profile Donors Finance Impact Investing Infrastructure
Foundation: MacArthur Foundation, Ford Foundation, Rockefeller Foundation
Nine foundations and family offices recently announced the launch of the Tipping Point Fund (TPF).
The Tipping Point Fund aims to boost field-building efforts in impact investing and maintain both the growth and integrity of the impact investing market.
This donor collaborative has $12.5 million in initial funding. The inaugural funders include such heavyweights as Ford Foundation, Omidyar Network, the Rockefeller Foundation and the MacArthur Foundation. The U.S. Impact Investing Alliance will manage operations.
The Fund has two focus areas: public engagement and policy and data, metrics and measurement.
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Social Entrepreneurship
Spotlight
This Social Innovation Helps Prevent Bed Sores in Wheelchair Users
Co-founders William Mann and David Mravyan devised the Sensimat during a mandatory project for their MBA at the Richard Ivey School of Business in Canada. Sensimat is a device that helps manage and assess pressure among wheelchair users.