National Geographic Society Commits $50 Million of Endowment to Impact Investments

Jun 2017
Global, June, 07 2017 - Creation of new impact investment program, managed by CA Capital Management, will accelerate the organization's funding of research, exploration and education, inspiring solutions for the global good.

The National Geographic Society today announced it is dedicating $50 million from its $1.1 billion endowment to impact investments, furthering its commitment to understanding our planet and generating solutions for a healthy, more sustainable future.

"At National Geographic, we are committed to changing the world through science, exploration, education and storytelling," says Gary E. Knell, president and CEO of the National Geographic Society. "We recognized the opportunity to double down on our ability to make an impact -- contributing to a better society not just through the grants we make, but by making investments that deliver both financial and societal returns."

"Nonprofit institutions are increasingly seeking ways to develop and implement an impact investing program that aligns their philanthropic and investment goals," says David Druley, chairman and CEO of Cambridge Associates. "The way in which the National Geographic Society is leveraging its growing endowment to further its mission sets a true example for how institutional investors can create even deeper societal impact on a global scale through endowment investing."

The National Geographic Society is a mission-focused nonprofit organization that invests in bold people and transformative ideas. In the fall of 2015, the Society formalized a joint venture with 21st Century Fox, expanding the organization's reach and impact and increasing its endowment to $1.2 billion.

"By investing in impact, we can further our commitment to pioneering innovation, which has been at the core of National Geographic since our inception in 1888," added Jean Case, chairman of the National Geographic Society Board of Trustees. "Our ability to generate social and financial returns is one more way to help drive research, exploration and education, all geared toward increasing people's understanding of the world."

"We look forward to continuing to work closely with Gary and his team to identify the best impact investment opportunities through diligent manager selection and strategic program implementation to ensure success financially and socially for National Geographic for decades to come," says Kristen Tongberg, outsourced chief investment officer of National Geographic Society and a member of CA Capital Management, Cambridge Associates' outsourced chief investment officer (OCIO) business.

Source : Ein News

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