Project: 100% Impact Portfolio
Foundations in Canada are required to allocate at least 3.5% of their assets annually to charitable activities. The remaining 96.5% of a foundation’s asset base is not mandated to be allocated to charitable endeavors. Typically, foundations invest the majority of their asset base in the public markets and then allocate at least 3.5% of those assets to charitable entities in the form of grants.
Only leveraging 3.5% of our asset base for public good did not sit well with us at Inspirit Foundation. Working towards Inspirit’s mission of inclusion and pluralism requires leveraging our investment capital. At Inspirit, we are committed to a 100% impact portfolio, with the goal of activating our full asset base to further our organizational mission. For many, impact investing is a financial tool with social considerations. For us, our commitment to a 100% impact portfolio is an imperative for creating the systemic change needed to realize our mission.
At Inspirit, we recognize that impact investing is an important tool for working towards positive societal change. By investing in companies whose values align with our own organizational mission of pluralism and inclusion, we can create much-needed systemic change. That’s why we have committed to transitioning our assets to a 100% impact portfolio, where every single one of our investments generates positive social and environmental impact. In making this commitment, we believe we can use our assets to generate financial returns.