Funders seen linking investment practices to mission
One in three of 186 private and public foundations in the U.S. that represent a total of $39.7 billion in endowment assets are using or actively considering investment practices that keep the management of those assets in sync with their mission, a new study says.
Yet 38 percent of funders responding to the survey did not know or were not sure whether responsible investment was consistent with their fiduciary duty, The Council on Foundations-Commonfund Study of Responsible Investment also says.
“Impact investments” — those involving bigger investments designed to make a big impact — are the most popular strategy among surveyed foundations, and community economic development was cited most frequently as the impact area in which foundations are most likely to increase their mission-driven investments.
Among community foundations, donor interests remain the most important “drivers,” the study says.
Duke Energy Foundation awards $2.7 million in North Carolina
Duke Energy Foundation made grants totaling over $2.7 million to support 52 education programs across North Carolina that focus on science, technology, engineering and math, and on and childhood reading proficiency.
Western North Carolina funder giving $900,000
Six nonprofits serving Western North Carolina each will receive $150,000 over three years from the Melvin R. Lane Fund of The Community Foundation of Western North Carolina in Asheville.
The grant program support operations, collaboration and sustainability for human-services organizations that served disadvantaged citizens in the region.
Bank of America gives $565,000 in Charlotte region
Bank of America awarded a total of $565,000 in grants to 16 nonprofits working on education and innovative programs in Charlotte and Mecklenburg County.
Schroeder new executive director at Twin City Stage
Connie Schroeder, director of development for the Southeastern Center for Contemporary Art in Winston-Salem, has been named executive director of Twin City Stage in Winston-Salem.
Redmond heads child care program at Duke Endowment
Phillip H. Redmond Jr., associate director of the child care program for The Duke Endowment in Charlotte, has been named the program’s director.
He succeeds Rhett Mabry, who became president of the Endowment on July 1. Mabry succeeded Gene Cochrane, who retired.
Mustard Seed names Kirkman executive director
Lee Kirkman, former director of operations and finance for the Women’s Resource Center of Greensboro, has been named executive director of Mustard Seed, a nonprofit medical clinic that opened in March and provides primary medical care to the underserved in the Cottage Grove neighborhood of East Greensboro.
Golf event raises $60,000 for veterans
HAECO Americas helped raise over $60,000 at its second annual Purple Heart Homes Charity Golf Fundraiser on June 20 in Greensboro for the Piedmont Chapter of Purple Heart Homes to help veterans with a disability find homes.
Johnston County funder giving $40,000
Johnston County Community Foundation, an affiliate of the North Carolina Community Foundation has awarded $40,000 in local grants.
HandyCapable Network moves
HandyCapable Network has moved to 415 N. Edgeworth St., Suite 175 in downtown Greensboro.
2017 Human Race in Greensboro set for April 1
The 2017 Human Race, a 5K event organized by the Volunteer Center of Greensboro to benefit local charities, will be held April 1 at the Greensboro Coliseum.
Homes4NC awards $6,736
Homes4NC awarded a total of $6,736 in matching grants Greensboro Regional Realtor Association, Greenville-Pitt Association of Realtors, and Carteret County Association of Realtors for contributions made to local nonprofits supporting affordable housing efforts.