IN PURSUIT OF DEEP IMPACT AND MARKET-RATE RETURNS: KL FELICITAS FOUNDATION’S JOURNEY

In Pursuit of Deep Impact and Market-Rate Returns: KL Felicitas Foundations Journey is a deep-dive analysis of the KLF impact investment portfolio, which provides a model strategy for achieving targeted social and environmental as well as financial returns. The report, released in April 2018, by New Philanthropy Capital, Sonen Capital and the Foundation, also shows that use of NPC’s new Impact Risk Classification framework enables rigorous impact measurement across asset classes.

The research draws lessons from the Foundation’s pioneering impact portfolio that can benefit a broad range of investors, from small family foundations to large institutions, and from those just embarking on impact investing to those well on their way to building an impact portfolio. The Foundation’s $10 million portfolio is 99.5% committed to impact investments, and has delivered a 2.75% annualized net financial return through Dec. 31, 2016, since its inception in January 2006. This beats the industry portfolio-weighted benchmark by 37 basis points.

Download the report.