Many believe that Impact and Sustainable Investing is a niche in the investment industry reserved for religious, environmental and social impact foundations. There is also a perspective that “Impact Investing” involves sacrificing investment returns to “do good” and become a “socially conscious” investor. The fact is that neither of those presumptions is true and that Impact Investing is rapidly going mainstream.
2017 was an extraordinary year for giving, according to a report released today by Fidelity Charitable, the nation’s second-largest grantmaker. Last year, Fidelity Charitable gave an unprecedented $4.5 billion across more than 1 million donor-recommended grants, to nearly 127,000 nonprofit organizations, as detailed in the new Fidelity Charitable 2018 Giving Report.
Further increasing wages to between $15 and $18/hour for 22,000 employees
Opening up to 400 new Chase branches in new cities and states
Hiring 4,000 employees in new U.S. markets and for home lending, small business growth nationwide
Increasing loans to customers seeking affordable homes by 25 percent to $50 billion
Expanding philanthropic investments by 40 percent to $1.75 billion