Series - Editorial Fellowship: Transforming Funding Models

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

Author Gabe Oatley
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.

var TRINITY_TTS_WP_CONFIG = {"cleanText":"An under-the-hood look at Inspirit Foundation\u2019s portfolio makeover: fired two investment managers, prioritized DEI. This story is part of the Future of Good editorial fellowship covering the social impact world\u2019s rapidly changing funding models, supported by Community Foundations of Canada and United Way Centraide Canada. \u00a0 In a soaring boardroom overlooking the confluence of the Red and Assiniboine Rivers, Mitchell Anderson debated with his colleagues at the Inspirit Foundation.\u00a0\u00a0 \u201cI\u2019ve never seen it that heated at Inspirit,\u201d recalls Jory Cohen, the foundation\u2019s director of social finance and investment.\u00a0 It was May 2016, and Anderson was a member of the board of directors of the public foundation,

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