An under-the-hood look at Inspirit Foundation’s portfolio makeover: fired two investment managers, prioritized DEI

Inspirit Foundation pushed their financial advisors to improve their own DEI practices as one part of their ‘holistic’ strategy to get to ‘100% impact’

Why It Matters

For most foundations, arguably their biggest lever for impact is their invested capital. Yet, few have moved beyond tinkering at the edges with ESG screens.

This story is part of the Future of Good editorial fellowship covering the social impact world’s rapidly changing funding models, supported by Community Foundations of Canada and United Way Centraide Canada.

In a soaring boardroom overlooking the confluence of the Red and Assiniboine Rivers, Mitchell Anderson debated with his colleagues at the Inspirit Foundation.  

“I’ve never seen it that heated at Inspirit,” recalls Jory Cohen, the foundation’s director of social finance and investment. 

It was May 2016, and Anderson was a member of the board of directors of the public foundation, then, worth $36 million and focused squarely on promoting inclusion and pluralism through the arts. 

The board meeting was focused on coming to a consensus on a tricky q


For limited access, create a FREE account

Limited Time Offer

Unlimited Access

Only $24 for the year 

80% off the standard annual membership ($119.50)

Enjoy unlimited access to insightful social impact journalism, special reports, talks and events that fuel your learning, development and decision-making.

For group membership discounts, contact us.

Already have an account? Log in

These special introductory offer is not available to current subscribers of the same subscription type. Your payment method will automatically be charged in advance the introductory rate indicated in the offer above for 1 year, and after 1 year the indicated standard. Your subscription will continue until you cancel. Cancellation takes effect at the end of your current billing period. HST taxes apply. Offer terms are subject to change