New Progressive Coalition will open its mutual funds to the public tomorrow. These are the exemplary product demonstrating several of the key
themes of this blog:
- Donors lead with their values, and they want their financial portfolio (investments, charitable giving, and political contributions) to reflect those values;
- The philanthropic industry has two kinds of products - financial and knowledge products, and a diverse and growing set of institutions that sell them;
- Advisory services are on the rise;
The mutual funds are
cause-specific - health care, environment - and strategy inclusive - meaning they hold a mix of
charitable organizations and political advocacy groups. The goal - get the job done using
whatever tool is effective - which is another theme of this blog.
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