Omidyar Network, The Rockefeller Foundation, and the United States Agency for International Development (USAID) have initiated a partnership to promote impact investing by supporting research, outreach, and other field-building activities undertaken by the Global Impact Investing Network (GIIN). Together the partners have committed US$ 6.5 million to support the GIIN’s work to increase the accessibility of impact investing.
Impact investments are investments made into companies, organizations, and funds with the intention to generate positive measurable social and environmental impact alongside a financial return. The impact investing industry has the potential to steer significant capital to market-based solutions in sustainable agriculture, affordable housing, affordable and accessible healthcare, clean technology, financial services for the poor, and other sectors addressing the world’s most pressing problems. Impact investments can be made in both emerging and developed markets, and target a range of returns from below market to market rate, depending upon the circumstances.
The partnership is intended to increase the scale and effectiveness of impact investing and to sustain the GIIN’s leadership as a steward of the emerging impact investing market. The funding will be distributed to the GIIN over three years and will be used to build critical infrastructure and support activities, education, and research that help attract more investment capital in poverty alleviation and environmental solutions.
Support from Omidyar Network totals US$ 2.5 million. The Rockefeller Foundation and USAID have each granted US$ 2 million. USAID’s funding will support impact investing in emerging markets. Funding from Omidyar Network and The Rockefeller Foundation will support projects worldwide.