This month’s blog post which is takes a hard look at the “but for” test and its role in impact investing.
When I worked for Prudential Financial Impact Investments, we could only invest in projects that met the “but for us, this project won’t happen” test. For example, but for Prudential,the first grocery store built in Newark since the 1960s would not have been built.
Who knew how much I missed business travel? Despite the still-cramped seats, forced close proximity to other humans in a small capsule, and a few crabby passengers, after a 2 year hiatus, it was great to get back on the road. Thank you Impact PHL for giving me an excuse to visit our long-time client The Barra Foundation in Philadelphia. Their Total Impact Summit was invigorating, educational and inspiring, especially seeing all the local funds and Black led developers working to create economic opportunities in the city. Can’t wait to go to San Francisco for SOCAP and the National Center for Family Philanthropy conferences in October. Ping me if you’ll be there!