Posts Tagged: Community

Why “Attentiveness” Matters: A Cautionary Tale for Investors

Editor’s Note: The piece below by Uwe Gneiting, a Research and Policy Advisor for the Private Sector Department at Oxfam America, and originally published here on July 13, 2017, struck a chord with Cornerstone’s research team. In October 2016 we published Extractive Company Values, an in-depth report illustrating how mining companies’ “attentiveness” to material environmental… Read more »

The UN Has a Problem

Editor’s Note: Andrew MacLeod is a member of Cornerstone Capital Group’s Board of Directors. He is affiliated to the Center for Strategic and International Studies in Washington DC, and is the Chairman of Griffin Law, which is a law firm. He worked as an aid worker for the Red Cross in Yugoslavia and Rwanda in the… Read more »

Introducing the Colorado Impact Report

We are pleased to publish the Colorado Impact Report: A web of place-based impact investing and community wealth-building opportunities. We have been privileged to work with the exceptional individuals who have made this report possible. At this moment in time, it is particularly important to leverage the wisdom and pragmatism demonstrated by leaders in every part… Read more »

Colorado Impact Report: Weaving A Web of Opportunity and Impact in Colorado

Approximately 10,000 people move to Colorado every month. They move here for myriad reasons, such as our 300 days of sunshine a year, our commitment to the outdoors and healthy lifestyles, and a magnificent geography that is second to none. And, of course, they come because of our robust economy.[1] But this level of growth… Read more »

Colorado Impact Report: Will Denver Become America’s First ‘Community Wealth’ City?

In cities across America, a new form of local economy is emerging. Many call this growing movement “Community Wealth Building,” a framework for economic development built on principles of democratizing wealth, broadening ownership over capital, leveraging existing institutional assets to benefit place, and preventing money from leaking out of our communities. The goal is to… Read more »

Colorado Impact Report: Blending Business & Philanthropy for Colorado’s Children

Since making one of the largest onshore oil discoveries in 1967, oil entrepreneur Sam Gary has been pioneering the idea that business and philanthropy can — and should — work together for those who need it most. Sam founded The Piton Foundation in 1976, yet he was equally committed to supporting the community through his… Read more »

Colorado Impact Report: Advancing Access to Opportunity in Metro Denver

As a community foundation, we listen regularly and deeply to the residents of our region, and base our goals and strategies on their input. Our core values of leadership, equity, inclusiveness, and accountability have guided our work for the past two decades. Our most recent comprehensive community listening process resulted in our current focus on… Read more »

Colorado Impact Report: SOIL–Slow Opportunities for Investing Locally

I often refer to slow money as “the CSA of investing.”  As with community supported agriculture, our efforts revolve around informal, direct relationships and shared risk.  Slow Money funding is flowing in a variety of ways in dozens of communities across the United States (and a few in Canada and France) — peer-to-peer lending, investment… Read more »

Colorado Impact Report: Impact Investing for Community Real Estate

Nonprofit real estate company Urban Land Conservancy (ULC) was established in 2003 with $10 million in cash and $7.5 million in real estate as an impact investment by the Gary Williams Energy Company (now Gary Community Investments, GCI).  With a long-standing commitment to Colorado’s underserved communities, GCI seeded ULC to “conserve” strategic urban properties for… Read more »

Colorado Impact Report: Supporting Communities with Patient and Flexible Capital

Zoma Capital was created in 2016 by Ben and Lucy Ana Walton to execute and manage the family’s investment activities. While we seek to generate best-in-class rates of financial return, we also strive to incorporate the family’s unyielding commitment to addressing some of society’s most pressing social and environmental challenges. Based in Denver, Zoma Capital… Read more »

Colorado Impact Report: Laying the Groundwork for a National Impact Investing Marketplace

Impact Finance Center (IFC), a nonprofit impact investing academic center founded in 2013 and based in Denver, believes that philanthropy is an investment and that every investment has an impact. IFC works with philanthropists and investors to understand those impacts on a broader scale and maximize the benefits of every deployment of capital. IFC uses… Read more »

Colorado Impact Report: Activating Investment through Donor-Advised Funds

Roughly $80 billion is currently held in donor-advised funds in the US.  We believe those funds should be aligned with the donor’s values and targeted impacts until they are ultimately given to their favorite charities.  Unlocking the donor-advised funds held by families in Colorado for impact investing will create a pool of capital that can… Read more »

Colorado Impact Report: Building a B Corp Ecosystem in Colorado

The B Corp community is currently made up of over 2,100 companies in 50 countries.  While each company is unique, they share one unifying goal: “Using Business as a Force for Good.”  In Colorado, the B Corp community has grown from around 30 in 2014 to close to 100 today.  Having such a strong concentration… Read more »

Colorado Impact Report: Boosting Entrepreneurship

For more than eight years, the Rocky Mountain MicroFinance Institute has filled a gap in services to low-income and disadvantaged entrepreneurs in Denver. Under-resourced individuals with an entrepreneurial spirit and a strong work ethic can build a business while creating jobs and prosperity for the community. RMMFI is the only Community Development Financial Institution (CDFI) in… Read more »

Colorado Impact Report: “Pay for Success” — A Promising Path to Impact

In 2013, Social Impact Solutions (SIS) formed with a mission of building out Colorado’s emerging Pay-for-Success (PFS), also known as Social Impact Bonds, field. Leveraging the growing interest in impact investing, SIS began working with governmental entities, investors, foundations and social programs to take promising programs to scale with new social finance strategies.  In the… Read more »

Colorado Impact Report: Welcome to the Impact Frontier

While impact investing has been around for decades, the concept of combining purpose and profit is still fairly new. Many investors seek market rate returns, so transitioning to an investment strategy with a triple bottom line has been a challenge. We think about this a lot at PeakChange, our impact advisory firm based in Denver. … Read more »

Colorado Impact Report: Can We Engage Impact Investors at the Community Level?

The Community Wealth Building Network of Metro Denver (CWB) is a burgeoning network comprising individuals and organizations with a shared vision to change the economic paradigm in Metro Denver by focusing on building wealth in economically marginalized communities. The CWB Network got its start following a community wealth building conference held at the Anschutz Medical… Read more »

Colorado Impact Report: Impact Investing in a Portfolio Context

The Colorado Impact Report was conceived to shine a light on some of the field-leading work being done, and innovation on display, in the great state of Colorado.  We have a thriving impact investing ecosystem in Colorado, which we expect to continue to grow and develop.  We hope that our experience can provide lessons and… Read more »

Social Equity Investing Demands Greater Proximity Between Investors and Beneficiaries

There are financial and social costs to excluding the ultimate beneficiaries of investments. Not only is the process of engaging beneficiaries helpful in its ability to assure passage of regulatory hurdles, it also mitigates against costly mistakes that can be avoided by bringing beneficiaries into the impact investing process early and often.

Place-Based Impact Investing: How to Invest in Your Own Backyard

Interest in impact investing concepts that combine financial returns with a positive social or environmental impact have been growing in appeal.   What seems to be lacking is a model to encourage broad-based place-based impact investing across all asset classes.  For fiduciaries of place-based organizations’ funds, like those at community foundations, pension plans, endowments and many… Read more »

JSFB May Edition: “Relativity”

This month in the Cornerstone Journal of Sustainable Finance and Banking (JSFB), we consider the issue of “Relativity” in the capital markets. Einstein showed that even though the laws of physics are the same everywhere, people experience time and space differently. It follows that individual perspectives on change are relative to one’s own current position.