MINNEAPOLIS, Aug. 17, 2017 /PRNewswire/ -- InFaith Community Foundation, a national foundation with a mission to serve donors, spread joy and change lives, announced the launch of its new WomenInvest InFaith Portfolio seeking to address gender equality and domestic violence against women.
InFaith's Investment Committee, chaired by Joy Anderson, president of Criterion Institute and Darcy Johnson, principal at Fulcrum Capital, led the development of the WomenInvest InFaith Portfolio. InFaith is seeding WomenInvest InFaith with an initial investment of $10 million and is actively seeking donors and partners who are committed to the power of investment choice to catalyze gender equality and address the root causes of violence against women.
The WomenInvest InFaith Portfolio is a second-generation, impact investment portfolio for charitable assets of InFaith donor advised funds and organizational endowments. This innovative portfolio seeks investments in companies that do well when women thrive through employment, promotional opportunities, equal pay and positions in leadership. The WomenInvest InFaith Portfolio is also committed to outcomes that address violence against women by investing in women's economic opportunity, access to education, affordable housing, and full participation in business and public decision-making.
The Veris Wealth Partners team and sub-advisor Sonen Capital advise the WomenInvest InFaith Portfolio, a growth-oriented portfolio with 75% investment in equities. InFaith selected Veris because of its leadership in Gender Lens Investing and the firm's internal commitment to women in leadership. Veris has a woman CEO, more than half of the firms' partners, and 70% of total staff are women. Since 2011 Veris has worked with clients and colleagues in the U.S. to expand the field of gender focused investment solutions.
InFaith's Core Growth, Mission Growth and Income Portfolios have been advised by Cambridge Associates since 2007.
The WomenInvest InFaith Portfolio is an extension of InFaith's 15-year commitment to ending family violence through grant making and convening. Through its Ending Family Violence Initiative, InFaith provides a faith lens to this issue by equipping the church community with training resources. WomenInvest is also an extension of InFaith's WomenGive InFaith Campaign, which serves women's philanthropic interests through workshops, giving circles, giving tools and scholarship programs and is currently exploring below market lending to projects with a gender lens.
The WomenInvest InFaith Portfolio becomes part of InFaith's larger strategic goal to invest all assets for missional outcomes driven by these key objectives:
- In all investments, InFaith strives to exercise its values of service, stewardship, collaboration, possibilities and results.
- InFaith provides compelling investment portfolios that attract, retain and delight its donors.
- InFaith strives to deliver investment experiences that educate, challenge and inspire our shared community.
"InFaith is excited to push gender lens investing into territory that aligns investments with grant making and advocacy that supports outcomes defined by donors," says Chris Andersen, president of InFaith Community Foundation.
InFaith Community Foundation is a national charity with a mission to serve donors, spread joy and change lives. Through InFaith, giving is customized to each donor's charitable interests and financial circumstances. InFaith is a proven steward of these gifts, earning consistently high ratings from Charity Navigator and GuideStar for sound fiscal management, transparency and commitment to excellence. Together with donors, InFaith now grants more than $16 million annually to charities serving local, national and global communities. To learn more, visit InFaithFound.org.
InFaith Media Contact: Lori Anderson, lori.anderson@InFaithFound.org, 612.844.4111
About Veris Wealth Partners
Veris Wealth Partners, LLC is a partner-owned, independent wealth management firm that specializes in impact and sustainable investing. Veris believes that superior investment performance and positive impact are complementary parts of a holistic investment strategy. Veris is based in San Francisco with offices in New York, Portsmouth, and Boulder. For information, call 415.815.0580, or visit www.veriswp.com.
Veris Media Contact: Greg Berardi, firstname.lastname@example.org, 415.239.7826
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SOURCE InFaith Community Foundation