The Funding Exchange investment policy was established in 1995 and is one of the first “mission-related” investment policies in the U.S. This policy is based on the three pillars of socially responsible investing; social screening of stocks, shareholder advocacy and community investing.
Most foundations earn money in a traditionally “conservative” manner. The assets are invested by money management firms that rarely believe in the charitable missions that the foundations’ grants support and are focused solely on generating the highest returns possible.
At the Funding Exchange we do not believe there should be a firewall between our investments and our grants. We have always believed that how we invest our funds should be guided by the same forethought and ideals as the organizations we support.
Which is why FEX has joined other shareholders in pushing for Companies to disclose their lobbying activities. Today we mark the two-year anniversary of the controversial Citizens United resolution, which allows Corporations to funnel unlimited money to electoral candidates by way of anonymous Super Political Action Committees, or SuperPACS. We seek transparency in electoral funding, and have already witnessed the havoc this untethered financial activism can unleash in the 2012 GOP primary race.
We are so proud to be a part of this effort with Brainerd Foundation, Edward W. Hazen Foundation, Haymarket Foundation, Lemmon Foundation, Nathan Cummings Foundation, Needmor Fund, Russell Family Foundation, Tides Foundation and a host of other dynamic allies!