California Black Freedom Fund’s Post

We are making the case for the other 95% of endowment assets. Read the latest op-ed from the CEOs of The California Endowment, The California Wellness Foundation, and Weingart Foundation about aligning assets with mission. Rochelle Witharana, CPA, Javier Hernandez, Tim Ortez, Rosa Benitez, Daryn Dodson #impactinvesting

Anticipating retirements in an agency can be difficult, but the boomer generation in the worforce will be collectively be cashing out at an unprecedented rate not seen before and may not have been accounted for in budget planning. This generational shift will start tapping our social security, Medicare, and other human services heavier likely without a fully funded plan. As this article suggests, there are already large variances in ND HP retirement system needing to be shored up. It takes administrators to closely work with the legislature at the state level (especially at the federal level) so there can be budgeting for outcomes and not fall into deficit spending. Who knows what retirement plans will look like for government workers even in the next 5 to 10 years, but these costs need to be addressed through reformation like raising retirement age or trimming fat in other areas like smarter spending in training departments or avoid over hiring staff.

Many Exigent clients face challenges that go beyond the norm in their industry. Heath Village is one of those - a nonprofit senior housing and services organization must balance reliability and compliance with ease of use and high availability. Learn how partnering with Exigent empowers their success @ https://hubs.ly/Q02Jj2BK0

Learn more and register for this Northern California Grantmakers event: "In The Red: Philanthropy’s Role In California’s Budget Woes, The Impacts And Solutions":

🌟 Explore the world of institutionally-related foundations (IRFs) and their discussion on administrative fees.Last month, Commonfund OCIO hosted a workshop discussing the importance, variations, and considerations of fees within the endowment landscape. Learn more about this crucial topic and stay tuned for future discussions. #CommonfundConvenes #IRFs

🌟 Explore the world of institutionally-related foundations (IRFs) and their discussion on administrative fees.Last month, Commonfund OCIO hosted a workshop discussing the importance, variations, and considerations of fees within the endowment landscape. Learn more about this crucial topic and stay tuned for future discussions. #CommonfundConvenes #IRFs

We are excited to share details about the completed Phase I of the Michigan Central Station Children’s Endowment application process. A total of 32 select organizations have been notified they are advancing to Phase II – the next step toward participating in the Initiative that will ultimately provide $1.5 million endowments to 10 youth-serving organizations. 🔹 Phase I Recap: A total of 104 organizations applied for the first phase, with 79 meeting eligibility criteria across Wayne, Oakland, and Macomb Counties. These organizations average 33 years in operation and have an annual revenue of $1.9M. 🔹 Consensus-Based Decision-Making: The Selection Committee, alongside 44 youth from across the region, used a collaborative scoring process. After thoughtful discussion, 32 organizations have been invited to advance to Phase II. 🔹 Next Steps: Phase II opens on October 1, and by mid-December, the 10 final organizations will be selected to receive the endowments. Stay tuned for more updates! For a complete list of organizations advancing, as well as information about the Initiative, application process, and Selection Committee, please click here: https://lnkd.in/gR7nMm-b

🌟 Explore the world of institutionally-related foundations (IRFs) and their discussion on administrative fees.Last month, Commonfund OCIO hosted a workshop discussing the importance, variations, and considerations of fees within the endowment landscape. Learn more about this crucial topic and stay tuned for future discussions. #CommonfundConvenes #IRFs

I want to congratulate The California Endowment, but not for what you might think. I want to congratulate them for aligning their endowment with where the economy is going, not because it's the "right thing to do" or because it's "noble" or "impactful." But because, as fiduciaries, the only reasonable thing to do is to future-proof by making decisions based on the REAL MATH. A good fiduciary's REAL MATH involves looking at the LONG VIEW projections of investing in the extractive vehicles of the past (not smart), and accounting for negative externalities so many others ignore (even less smart), and then simply adding up the numbers. I know I'm oversimplifying: But if you think what I'm saying is that to be a good investor and do your fiduciary duty, you have to just not make stupid decisions. You're right. While many might read articles like this and think, "what a noble thing to do," let me assure you, no matter what their intentions might be, anyone choosing to move their investments away from financial weapons of destruction and into financial tools for regeneration, is going to be laughing all the way to the bank in the years to come. In other words, it's just good investing. Because as it will become increasingly evident to everyone in our industry, future-proofing your investments means ending the era of investing in our own mutual destruction. The real math is clear. So, congrats to the California Endowment, for getting the math right! Now let's be sure that bank you're laughing all the way to, is green and BIPOC-owned, as is proper 😁 #impactinvesting #NextEconomy #QuadrupleBottomLine #sustainablefuture #BIPOCeconomy Jim Casselberry Valerie Red-Horse Mohl Ushir S. Demetric Duckett Chris Morris Krista Toussant Natasha Müller Ibrahim AlHusseini Kimberly N. Marshall Benjamin Kahrl Jim Epstein

Let there be undeniable precedent! This is the reason I’m so proud of the work I get to do with folks like Australian Impact Investments, Kylie Charlton and her team, Accela Research and The Global Steering Group for Impact Investment (GSG). The idea that large pools of capital put interest-generated money into ‘mission-aligned’ or valued based organizations, people and ideas, whilst the majority of the wealth is invested in assets that inadvertently harm - or sometimes even directly - society and the environment, is asinine. I’ve rarely experienced a family or board that were intentionally doing this, they simply hadn’t looked deeply enough. And as Neeraj Aggarwal says on the Aii website (https://lnkd.in/gGatzzdw) - “this is hard to do, but you don’t have to have it figured out, you don’t even have to know what your values are yet, you simply need to aspire” It’s not concessional either. You don’t have to take a financial hit, to ensure you aren’t torching the planet. Investing for risk, return and impact is becoming the new normal. #impactinvesting #privateequity #capitalraising #finance #strategy #bestadvice