Funders Launch Donor Collaborative to Scale Impact Investing

Funders Launch Donor Collaborative to Scale Impact Investing

A group of foundations and family offices has announced the launch of a first-of-its-kind donor collaborative aimed at scaling the field of impact investing.

With $12.5 million in initial funding, the Tipping Point Fund will make strategic grants in support of the creation and development of critical infrastructure needed to ensure the integrity and continued growth of the impact investing market. Inaugural supporters of the fund include the Blue Haven Initiative, Rockefeller Brothers Fund, Omidyar Network, and the Packard, Ford, MacArthur, Surdna, Rockefeller, and Visa foundations.

Based on an analysis by industry leaders convened by the U.S. Impact Investing Alliance, TPF has identified two areas for field building that have received limited financial support to date: public engagement and policy designed to encourage more investors to enter the market; and data, metrics, and measurement that can provide greater clarity to market actors and ensure high standards of accountability. The first recipients of TPF grants will be announced in 2020.

"Anyone looking to engage in impact investing benefits from the ecosystem of support and engagement that has built up around this movement," said Surdna Foundation president Don Chen, "and so it's our responsibility to help nurture and maintain that ecosystem."

"Impact investing has experienced remarkable growth over the past decade, but further scale requires continued investment in public goods that provide a foundation for all market players," said Omidyar Network CEO Mike Kubzansky. "The Tipping Point Fund is uniquely positioned to do just that, and will work with a wide range of stakeholders to protect the fidelity of the industry, ensuring that we collectively keep impact front and center."

"Launching the Tipping Point Fund to Help Scale the Impact Investing Field." Tipping Point Fund Press Release 12/05/2019.