This week Cogent Consulting has been featured in several articles for the fixed income bond fund that Susan Hammel and Eric White created for Minnesota Council on Foundations. Check out these articles from Chief Investment Officer, Mission Investors Exchange, and Philanthropy News Digest to learn more about the bond fund.
By Chief Investment Officer
Minnesota foundations are joining forces and putting investment dollars to work to help their neighbors. The Minnesota Council on Foundations (MCF), which includes members such as the McKnight Foundation, Bush Foundation and Otto Bremer Trust, has announced a collaborative effort toward impact investing targeting affordable housing and small business lending throughout Minnesota.
By Mission Investors Exchange
The Minnesota Council on Foundations (MCF) announced a first-of-its-kind impact investing collaborative in the US. MIE members The McKnight, Bush Foundations and the Otto Bremer Trust are among the lead anchor investors.
By Philanthropy News Digest
The Minnesota Council on Foundations, in partnership with three Minnesota foundations, has announced the launch of a statewide impact investing collaborative.
Inspired by a similar initiative established by the Michigan Council on Foundations, the three MCF member foundations — the McKnight and Bush foundations and the Otto Bremer Trust — have agreed to commit more than $17.1 million to an impact investing fund. The pooled funds will be invested in RBC Global Asset Management’s Access Capital Community Investment Fund, a fixed income bond fund focused on affordable housing and small business lending in Minnesota.
By The NonProfit Times
A group of Minnesota foundations are the latest to announce a commitment to impact investing with their charitable assets.
Led by the Minnesota Council on Foundation (MCF), a consortium of at least a dozen foundations has committed more than $17 million to a fixed income bond fund focused on affordable housing and small lending in the Great Lake State.
Top of my mind these days is investing in line with Diversity, Equity, Inclusion values. Many institutions promised bold moves after George Floyd was murdered. Who is following through and doing this well? Racial justice requires new pathways for capital flows. I’m excited to be part of the McKnight Foundation’s Groundbreak Coalition, aiming to deploy $2b in flexible capital over 10 years to disrupt the status quo. In Minnesota we are a generous state, a charitable state, a hard-working state: we need to try new approaches to create that famous quality of life for all. We are leading a session on Place Based Impact Investing at the Mission Investors Exchange conference in Baltimore. Reach out if you’ll be there so I can include you in the informal MN meet-ups.
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