Mission-Related Deposits

Social Investments

By the Annie E. Casey Foundation

January 30, 2006

Summary

It’s the old adage, put your money where your mouth is. And that’s what foundations have been doing for several decades. Casey’s work targets destitute neighborhoods and communities. To impact the lack of financial capital, literacy and services, Casey started depositing funds in local community depositories. The investment examples in this report show how these socially responsible deposits opened the door to the creation of new financial products and services for these tough neighborhoods.

Table of Contents

Key Takeaway

It’s good business connecting grant-making programs with administrative practices

Social investing opened a brand new door for philanthropic institutions. It increases financial resources available for programmatic charitable purposes. It contributes to the soundness of a foundation’s endowment.  And, it decreases the dissonance between the investing and the giving side of philanthropy because deposits are being made in locations where programs are operating. This report shows that financially sound decisions can include socially responsible investing. 

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Statements & Quotations