C-SocPhil Director Contributes to New SRI Book
Joshua Humphreys contributes to Compelling Returns: A Practical Guide to SRI, by Scott J. Budde.
CAMBRIDGE, MA — The Center for Social Philanthropy’s director Joshua Humphreys, a lecturer at Harvard University, has contributed a summary of recent efforts to change foundation involvement in socially responsible investing, in the newly released book Compelling Returns: A Practical Guide to SRI, by Scott J. Budde, Head of Global Social and Community Investing and Managing Director at TIAA-CREF Asset Management.
Geared principally to individual investors, the volume outlines the competitive returns that can be pursued through the use of key SRI strategies such as portfolio screening, community investing and corporate engagement through active ownership.
The volume also includes sections devoted to institutional investors such as philanthropic foundations, and Dr. Humphreys describes how foundations are increasingly leveraging their assets more fully for long-term social and environmental impact. SRI strategies provide one potential means for pursuing more fully leveraged forms of philanthropy.
Humphreys also summarizes a recent meeting devoted to “The Social Responsiveness of Philanthropic Foundations: The Long View,” which he organized with the Rockefeller Archive Center at the Pocantico Conference Center of Rockefeller Brothers Fund in Pocantico Hills, New York, in late 2007. The conversations that took place there among foundation CEOs, CIOs, trustees, investment consultants, and thought leaders in social investing and community development finance have helped to shape the Center for Social Philanthropy’s action agenda. For more information on Fully Leveraged Philanthropy, please visit www.socialphilanthropy.org.
