07 May '11, 4pm

Stephen Viederman: Foundations don't practice what they preach | guest blogpost

Stephen Viederman: Foundations don't practice what they preach | guest blogpost

Today’s guest post comes from Stephen Viederman , the former president of the Jessie Smith Noyes Foundation and an expert on sustainable investing. Steve, who has worked in the foundation world for more than 25 years, defines sustainable investing is “future-oriented, risk-adjusted and opportunity-directed.” This is also called socially-responsible or green investing. Here’s the problem: Even foundations that aim to promote sustainability or social justice with their grants don’t see their investments as another tool to achieve that end. They don’t, in other words, put their money where their mouth is, or where their values are. Steve, by the way, is also the father of Dan Viederman, executive director of Verite , a human-rights nonprofit; evidently, working for the public good runs in the family. This essay was originally published by Inflection Point Capital Management ,...

Full article: http://www.marcgunther.com/2011/05/07/stephen-viederman-f...

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