Larry Kramer: Down the Rabbit Hole? Impact Investing and Large Foundations
Submitted by Monica on June 22, 2017
Larry Kramer, president of the William and Flora Hewlett Foundation, has recently published an article in the Stanford Social Innovation Review:
No topic in philanthropy has generated as much interest and excitement in recent years as impact investing. And while talk has so far exceeded action by a wide margin, that’s starting to change as the steady drumbeat to join the party gains momentum. Yet the very one-sidedness of the discussion—and it has been entirely one-sided—gives me pause. For there are good reasons to hesitate before jumping down the for-profit rabbit hole, particularly for large grantmaking foundations like Hewlett.