The Rockefeller Brothers Fund has announced plans to expand its efforts to promote mission-aligned investing as an option for foundations and other funders.
Already an active partner in Confluence Philanthropy, The ImPact, and Divest–Invest Philanthropy, RBF announced that it has joined the U.S. Impact Investing Alliance, which was founded last year by leaders from philanthropy, business, and finance to increase awareness of mission-aligned investing, foster deployment of and demand for impact capital across asset classes globally, and partner with policy makers and other stakeholders to build the impact investing ecosystem. RBF's president, Stephen Heintz, and vice president for finance and operations, Geraldine Watson, will serve on the alliance's Presidents' Council on Impact Investing, which includes the CEOs and senior staff of twenty of the largest U.S. foundations that are committed to practicing and promoting impact investing.
RBF also announced that it will partner with the Mission Investors Exchange, a network of two hundred foundations engaged in impact investing, as a member of its inaugural class of sustaining members. The eighteen sustaining members — leading foundations committed to helping boost the network's capacity to drive additional capital to mission-aligned investing — include the Ford, Gates, Heron, Kellogg, MacArthur, Rasmuson, Rockefeller, and Surdna foundations.