The power of mission investing: One family's story
Families and other interested in hearing about options for family funders looking to achieve alignment between financial investments and mission.
As a mid-sized family foundation founded by the creator of the Russell 5000 index, the Russell Family Foundation in Gig Harbor, Washington offers a compelling portrait of the power of mission investing to achieve a funder. This teleconference features an in-depth conversation on options for mission investing with Richard Woo, CEO of the Russell Family Foundation and Lisa Hagerman, director of the national More for Mission campaign for foundations. What is the best way to get started with mission investing, and what new strategies are available for family funders looking to achieve alignment between financial investments and mission?
Richard Woo is the Chief Executive Officer of The Russell Family Foundation. He guides the Foundation's strategic planning, programs and community affairs. Prior to arriving at the foundation, he spent many years working in nonprofit organizations and business in California. He is the former executive director of the Levi Strauss Foundation, and has served on the boards of the Council on Foundations, Philanthropy Northwest, and Asian Americans/Pacific Islanders in Philanthropy.
Lisa Hagerman is the Director of Programs at DBL Partners. Previously Lisa was Director of Programs at DBL Investors, which she joined in 2011. Lisa is leading the strategy and implementation of double bottom line practices working with DBL’s portfolio companies across workforce development, environmental stewardship, community engagement, and siting initiatives.
Lisa was previously the Director of More for Mission at the Harvard Kennedy School, a research and advocacy initiative promoting mission investing, in which she built a network of over 90 foundations representing over $38 billion in total assets. In May of 2012, More for Mission merged with PRI Makers to form Mission Investors Exchange. Prior to her role at More for Mission, Lisa completed her doctorate in economic geography at Oxford University on Public Pension Fund Investment in Urban Revitalization, a project supported by the Ford and Rockefeller Foundations. She was previously a Vice President of Economic Innovation International. In addition, Lisa has ten years of banking experience, three of which were with Wells Fargo Bank in Government Relations where she worked with the community development department and promoted the Bank’s minority lending initiatives. She worked at Citibank for seven years in the Latin American Marketing Division.
What participants said:
NCFP consistently and brilliantly presents the very best education to family foundations and donor advisor funders. Though I actively participate in educational opportunities with many organizations in the philanthropic center it is those offered by NCFP that drill deeper into issues, savor the nuances of family grantmaking and produce products that motivate and inspire in an all embracing understanding of families and the dynamics that challenge them.
The Family Philanthropy Webinar series is a wonderful resource, allowing us to "attend" sessions from all over and to share materials with other members of our foundation. The transcripts of the sessions are also a valuable resource. Thank you for these Webinars.
NCFP webinars are an effective way for me to be stimulated and educated. I always expect excellent presenters and up to date information from NCFP, and have not been disappointed with these webinars. The recent one discussing women and philanthropy was very timely as women grow in their capacity and leadership roles in philanthropy. Thank you NCFP!
The National Center has been an indispensable source of wisdom, tools, and best practices for my clients on matters ranging from advancing intergenerational leadership transition strategies to building effective websites to creating discretionary grant making guidelines.
These webinar events are the most valuable as part of our SECF membership... we access current experts on the topics pertinent to family foundations...and we remain in our office!.... no travel expenses or conference fees... and we can access this information at a future time for our Board. A win-win for all of us who are so busy but are eager to stay current and networked.
I have attended many of NCFP's webinar and always walk away with new ideas that expand my knowledge of family philanthropy. The content is always amazing, well-structured and full of different perspectives. I especially love the stories told by presenters of their families journey within philanthropy and how they are impacting communities.
Creating Effective Next Gen Boards was by far the best webinar I have experienced. The material was well put together, well presented, easy to follow, and very engrossing! The youth on the webinar were very articulate and experienced and provided a unique insight into the benefits and pitfalls in involving 8 year-olds and up in family philanthropy, i.e. the younger we start, the better and easier it is for everyone! Thanks for this webinar!
I have participated for years in the Family Philanthropy Webinar Series, which has been a tremendous value-add for our subscription to NCFP Friends of the Family! This just keeps getting better and better with each passing month, and I'm so very impressed with the caliber of presentations and the organization behind them! Best webinar series in the field!