The Ford Foundation in the US has said that it’s committing up to $1 billion from its $12 billion endowment over the next 10 years to mission-related investing (MRI). I really like what their President has said about MRI
“We are making this commitment because we believe MRIs have the potential to become the next great innovation for advancing social good,” said Darren Walker, president of the Ford Foundation. “We need to expand our imaginations and our tools if we want to tackle the large-scale problems facing the world today. We can’t neglect the tremendous power of markets, including the capital markets, to contribute—and with today’s announcement, we are putting a significant amount of our money where our mission is.”
I’m so confident that social enterprise, purposeful business and mission-related investing will be responsible for the next great wave of social good.