As many foundations have modeled before us and through our own experience, we know there doesn’t have to be a trade-off between doing good and doing well.
Phillips Foundation executes a values-alignment strategy across all asset classes of its endowment’s diversified portfolio while maintaining market-rate returns. Each investment opportunity is evaluated by dual CIOs — a Chief Investment Officer and a Chief Impact Officer — to ensure our corpus’ deployed capital will “First, do no harm.” We primarily seek investable opportunities that achieve measurable social and/or environmental benefit alongside competitive financial returns.
Between Generational Grantmaking cycles, we favor impact investing tools like Program-Related Investments (PRIs) over traditional grants as our preferred vehicle to achieve sustainable impact through our annual 5 percent charitable distribution amount. For more information on impact investing, please visit our Impact Investing Think Tank®.
Phillips Foundation is a private family foundation and catalytic capital platform that leverages its assets to maximize social, environmental and financial value.
Following the entrepreneurial legacy of founder Kermit G. Phillips II, the Foundation conceived a first-of-its-kind Generational Grantmaking strategy in 2013, launched two original programs in 2016, and now leverages its full endowment for good through impact investing.
Generating meaningful social, environmental and financial outcomes in unison, the Foundation uses tools beyond traditional grantmaking for sustainable impact with its annual distribution and endowment. We seek only to profit from investments that “First, do no harm” and are aligned with the Foundation’s values.