Monday, November 19, 2007

Mutual Funds for the progressive philanthropist

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:
  1. Donors lead with their values, and they want their financial portfolio (investments, charitable giving, and political contributions) to reflect those values;
  2. The philanthropic industry has two kinds of products - financial and knowledge products, and a diverse and growing set of institutions that sell them;
  3. 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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