News

Corporate Knights magazine celebrates companies that catalyzed green solutions in the 50 years since the first Earth Day.

As part of the RBF's efforts to better align our investment practices with our mission, we have set a goal to invest 25 percent of our endowment with firms majority-owned by people of color and women.

Informed by a new report from the Knight Foundation, several foundations have begun to explore how we can better support diversity, equity, and inclusion in the investment space.

With $12.5 million in initial funding, the TPF will begin making grants in 2020 to support the growth and integrity of impact investing.

The report surveys all philanthropies that have signed the Divest-Invest pledge since 2014.

In partnership with Agility and individual fund managers, the RBF seeks to develop and refine approaches to assessing the nonfinancial outcomes of our mission-aligned investing.

"The climate crisis is really the forcing mechanism: it is so big, so existential, so serious. But it reveals these bigger issues around humanity—the sense of fairness and justice and equality. Unless we reestablish an ethos of caring and sharing as a way of acting on this planet, we’re not going to solve this crisis.”

In debunking the misconception that mission-aligned investing lowers expected returns, the paper emphasizes that there is no one-size-fits-all strategy for investors.

In September 2014, the Fund pledged to a two-step process to divest from fossil fuels: we committed to reducing exposure to coal and tar sands to less than one percent by the end of the year. At the same time, we began a comprehensive analysis of our exposure to other fossil fuel investments and began developing a strategy to eliminate the Fund’s exposure to these energy sources as quickly as possible.

David Rockefeller pledged to auction his collection of art, antiquities, furniture, and other personal items after his death and to distribute the proceeds to a number of charitable organizations. He made a $250 million gift to the RBF, the largest of his philanthropic bequests.