Who stewards 10 of Canada’s biggest community foundations’ investments? Mostly white men in finance
A Future of Good analysis found that the members of the investment committees of Canada’s largest community foundations are disproportionately systemically advantaged by race, gender and occupation.
Why It Matters
Canadian foundations invest far more money each year than they grant out to charities. This means that their volunteer ‘investment committees’ — the group that oversees the foundation’s investment decisions — play a considerable role in the overall impact the foundation has. Some social impact leaders say that the “monocultural” nature of these committees is limiting their capacity to create systemic impact.
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