Connect with the Impact Investing Think Tank®
The mission of Impact Investing Think Tank (IITT) is Unleashing More Capital for Good. A program of the Phillips Foundation, IITT convenes and educates investors on the topic of impact investing through speaker series, seminars, workshops and its online hub of curated information and resources. For more information, please email IITT@phillipsfdtn.org.
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Cultivating Leaders Through the Impact Fellows Program
Our Impact Fellows program invites eligible MBA and MPA students to join Phillips Foundation for a summer term, academic year or both to experience impact investing in action. Prior fellows include an MBA candidate from UC Berkeley’s Haas School of Business and an MPA student in the School of Public and International Affairs at North Carolina State University. Impact Fellows have continued on to positions at organizations like the Southeastern Council of Foundations and the DRK Foundation. For more information, please email info@phillipsfdtn.org.
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Phillips Foundation Portfolio
Committed to 100% impact
ESG Activist – Large Cap US
- Participated in several proxy proposals related to board gender diversity, advancing the dialogue on fair executive compensation
- Regularly publish its engagement with management on such efforts
- Hosts around 1,000 company meetings to discuss environmental, social and governance issues
ESG Activist – Large Cap US
- Participated in industry-wide discussions and projects to improve industry practices
- Collaborated with investors and organizations on addressing environmental, social and governance challenges
ESG Index – Large Cap US
- Around 400 holdings that adhere to the benchmark’s strict standards of social and environmental responsibility
- Top Sustainability Sectors in Portfolio by % of Market Value
- Information Technology 27.52%
- Consumer Discretionary 13.95%
- Health Care 12.46%
- Financials 9.96%
- Industrials 9.96%
ESG – Small Cap US
- Integrated ESG research, shareholder advocacy and public policy advocacy
- Signatory of Principles for Responsible Investing
- Public policy advocacy including multi-year leadership advocating for Say-on-pay included in Dodd-Frank Wall Street reform
ESG – Large Cap International
- Co-signatory of 5 letters including “We Are Still In” reaffirming Asset Managers commitment to the Paris Climate Agreement
- Supported 47% of shareholder proposals including proxy access, climate change, political lobbying, gender pay equality and linking executive pay to sustainability
ESG – Fixed Income US
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ESG – Fixed Income US
ESG – Fixed Income US
- Exclude issues with business practices that are fundamentally misaligned with sustainability principles
- Evaluate all issuers from an ESG perspective in addition to fundamentals and emphasize those “best-in-class”
- Engage collaboratively with issuers encourage them to improve their ESG practices and influence change
Health & Education – Private Equity US
Invest in 3 core industries: healthcare, education and financial services
- 240,000+ patients served
- 14,540,200+ students served
- 13,200+ small businesses served
Affordable Housing – Fixed Income US
- Since inception CCM shareholders have helped create roughly $8B of positive community economic development
- $3.5B has been invested in affordable rental housing, translating to approximately 356k individual units
- $329MM+ has been dedicated to investments fostering Enterprise & Job creation
- $400MM has been dedicated to Economic Development
Environmental – Large Cap International
- Net CO2 emissions avoided: 5056 tCO2
- Renewable energy generated: 56,648 MWh
- Water provided/saved/treated: 20 billion gallons
- Materials recovered/water treated: 80,049 tons
Environmental – Large Cap International
- 0% investment in fossil fuel owners & producers
- Reduced exposure to coal, oil & gas producers, automobile manufacturers
- Carbon footprint that is 10.6% less than MSCI ACWI
- Shareholder activism promoting social justice, environment, gender equality
Gender Lens – Large Cap US
- Comprised of US Large cap companies that are gender diverse
- Companies must have at least one female CEO, chairperson or Board member
- Proxy voting to nominate female Board members
Not Screened
- 33% of Board Seats held by women of companies in the fund vs the global average of 16%
- 27% of senior management positioning held by women of companies within the fund vs the global average of 16%
- 99% of companies in the fund have 2 or more women on their board and 86% have three or more
ESG Activist – Large Cap US
ESG Activist – Large Cap US
ESG Index – Large Cap US
ESG – Small Cap US
ESG – Large Cap International
ESG – Fixed Income US
ESG – Fixed Income US
ESG – Fixed Income US
Health & Education – Private Equity US
Affordable Housing – Fixed Income US
Environmental – Large Cap International
Environmental – Large Cap International
Gender Lens – Large Cap US
Not Screened
Impact Investments
At the intersection of profit and purpose
Community Investment Guarantee Pool
Along with Kresge Foundation, The California Endowment, Chan Zuckerberg Initiative, Annie E. Casey Foundation and other impact investors, the Foundation established a first-of-its-kind unfunded multi-investor guarantee pool to activate investment in community development in the U.S. Launched immediately preceding the COVID global pandemic, this pool is helping to rebuild the economy by securing capital for women entrepreneurs and entrepreneurs of color working in affordable housing, climate solutions, and small business management.
LISC (Local Initiatives Support Corporation)
The Foundation invested in the first U.S.-based program-related investment fund targeting the arts, the LISC NYC Inclusive Creative Economy Fund. This fund helps establish and preserve affordable workspaces for businesses in creative industries providing quality jobs for low- and moderate-income people.
Akola
With the backing of our Mission-Related Investment (MRI), this jewelry brand and social enterprise doubled the number of women it employed in Uganda, launched into its first department store, and secured an additional round of growth capital to support continued scaling.
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Elsewhere: A Living Museum
The Foundation made a Program-Related Investment (PRI) in the form of credit enhancement to secure bank financing for building renovations that would increase operational capacity and sustainable earned revenue for this Downtown Greensboro attraction and artist-in-residency program.
MCE Social Capital
We provided a Mission-Related Investment (MRI) to support MCE’s Global Economic Opportunity Notes. MCE’s central focus is to make loans to financial institutions that help people living in poverty in developing nations. Approximately 71 percent of the beneficiaries are women who use the financial services to build assets and start businesses.
RSF Social Finance
As a short-term cash management strategy, the Foundation cycles grant capital through RSF’s 90-day Social Investment Fund prior to annual grant distributions. These assets are loaned to social enterprises around the world. RSF has administered over $300 million in loans since 1984 in the areas of food and agriculture, education and the arts, ecological stewardship, and social finance.
Self-Help Credit Union
We allocated a portion of our fixed-income portfolio to Self-Help through its Women & Children Term Certificate offering, which finances facilities for charter schools and helps women open their first savings accounts, buy a home, afford childcare or start a business. As a CFDI, Self-Help also loans to sustainable businesses including solar farms, recycling businesses, ecotourism, bike shops and more.
Phillips Foundation is a private family foundation and catalytic capital platform that leverages its assets to maximize social, environmental and financial value.
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