MaRS’ SVX platform and Tides Canada have released a joint report on a new financial instrument in the philanthropic sector—the impact donor advised fund.
Donor advised funds are used by donors to facilitate targeted grantmaking without starting a private foundation. Most of these assets are invested primarily to achieve a return that can support ongoing grantmaking, and are often managed in a way that’s relatively agnostic about creating a positive social or environmental impact with the investment itself. In the case of an impact DAF, a foundation or DAF manager actively places the donated assets into one or a set of investments that also meets a pre-established impact criteria. There are a number of leading foundations and organizations that are directing their DAF capital towards impact investments, from investing in affordable housing and community loan funds to investing in local, sustainable food enterprises.
[download url=”https://learn.marsdd.com/wp-content/uploads/2016/05/2016_Impact_Donor_Advised_Funds.pdf” type=”pdf”]Impact Donor Advised Funds: A Scan[/download]