While charitable foundations regularly leverage grantmaking to advance their missions, the potential impact of their investments is not always similarly scrutinized.
To begin exploring your foundation’s effect on Black, Indigenous and communities of color in the U.S., here are three questions you should ask your investment manager:
- Who is managing my portfolio’s underlying investments? Only 1.3% of assets in the U.S. are managed by firms that are majority owned by women, or Black, Indigenous and people of color. How does your portfolio fare? Are the managers diverse?
- Do the companies…