As we gain more momentum in our drive for building our impact investing client base we are always on the lookout for good resources and article for our clients and staff to read. Here is an article by Alan Patricof written for Forbes a few weeks ago.
My favorite quote is:
“Impact investing–using private capital to seek positive societal outcomes along with attractive financial returns–is coming of age around the world as governments and philanthropic organizations realize that social activists can’t keep depending on grants to achieve their goals. They know they can and must create financial organizations on sound principals to address challenges such as increasing literacy, accelerating employment, reducing poor health and disease, and bettering the environment. Such organizations’ performance, both societal and financial, can be determined by carefully drawn and monitored standards of measurement.”
Check out the full article here: http://www.forbes.com/sites/forbesleadershipforum/2014/11/04/social-impact-investing-the-next-big-thing/