MRI/Social Investments
A major philanthropist has made a combined $600 million gift to historically Black medical schools across the nation.
The college is closing its internal investment office and transitioning the management of its endowment to an outsourced cio provider on Sept. 1.
The foundation has invested in a mission-driven financial institution’s program that will support critical investments in the facilities, financial health and overall growth of historically Black colleges and universities across the country.
The agency selected a West Coast-based nonprofit to build and implement a green energy fund following an RFP process from the start of the year.
The Climate Action Plan calls for $100 billion in climate solutions investments by 2030.
The foundation has hired three firms to develop and advise its place-based impact investment program after conducting an invitation-only RFP process last year following the departure of an impact investment staff member.
Sohel Hussain took the reins as v.p. of investments and finance at the Meyer Memorial Trust in October 2023. He took the time to answer five questions with FIN News.
The foundation has expanded its commitment to impact invests that advance health equity in communities that have faced a historic lack of investment with a new allocation that more than doubles the foundation’s previous commitments.
The foundation has teamed up with an women-owned impact investment manager to launch an impact investment fund focused on health equity across several states.
The foundation is looking to allocate to impact or mission-aligned investments across fixed-income and equity markets as it begins to explore similar investments in the private markets.