『How Do You Ethically Manage $1.5 Trillion?』のカバーアート

How Do You Ethically Manage $1.5 Trillion?

How Do You Ethically Manage $1.5 Trillion?

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Private foundations are tax-exempt entities that serve a charitable purpose. In the US, they have about $1.5 trillion in assets under management. How much, you may wonder, are they required to spend on mission-driven activities each year?

Five percent.

Which is why my friend and guest Rodney Foxworth is helping these organizations think through the other 95% and whether that part of their operations will look like every other profit-maximizing pool of money around the world or something that also supports their charitable mission.

Episode Guide

1:37 Rodney's birthday celebrations used to be known across several states.

2:53 His name sounds a little too on the nose.

4:13 Rodney's money origin story

9:50 How his firm Worthmore helps foundations, family offices, and mission-driven investors

14:28 Why these wealthy organizations need social impact advisors

18:52 The scale of the social impact industry

20:09 A generational shift driving wealthy people and organizations to better align their values and their investing

22:50 Does investing more in your mission inevitably mean making less money?

33:06 A creative example of a foundation redirecting its financial returns to low-income program participants

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