Wall Street Journal & Social Investing

Talk about high priestesses - The Wall Street Journal has a story today on increased social investing activity by foundations - focusing on foundations using their proxy power as shareholders. The story highlights actions by foundations including Nathan Cummings, Boston, Rhode Island, Jessie Smith Noyes, Skoll and As You Sow.

See the story here. The Chronicle of Philanthropy picked it up here and also has a survey on foundation investing activity.

What do you think? Take the poll - Philanthropy 2173

1 comment:

Phil said...

Congrats on the Schambra invitation. Should be a very interesting exchange. The Free Market religion and Free Market investing are pretty well aligned, I guess. The market is the hidden hand of Providence. So investing for return is investing for God. For those who want to counter the many negative externalities of markets, what recourse do we have? You are forcing some tough issues at the core of capitalism. May you live long and prosper!