Philanthropy can bring its whole self to work with an impact investing mindset that expands horizons beyond grantmaking alone. Imagine what more foundations could achieve—from community development, to racial equity, to climate change mitigation—by supplying loans, loan guarantees, and equity investments for social good.

The rapid growth of impact investing has brought new energy to the conversation about harnessing capital for social uplift. Impact investment has grown from a niche asset class to $715 billion of investments that seek both social impact and financial return in just over a decade.1