Since 2018, the Louvre Museum has allocated 5 percent of its €250 million endowment to investments with a focus on artisan and traditional craft businesses, cultural tourism, cultural heritage and education. Photo courtesy of fhoshoq.com.
Upstart Co-Lab's The Guide: what cultural institutions need to know about investing for values and mission describes how impact investing can help cultural organizations multiply their impact and invest in the creative economy.
Since committing to fully align our investments with our mission, the Rockefeller Brothers Fund has cut fossil fuel exposure to less than one percent of our portfolio. Financial performance over more than five years has outstripped the market benchmark.
As part of the RBF's efforts to better align our investment practices with our mission, we have set a new goal to invest 25 percent of our endowment with firms majority-owned by people of color and women.