Negative Returns: The Impact of Impact Investing on Empowerment and Advocacy.
Berry, Jeffrey M., 1948-
- In the long history of American foundations, these institutions have continually sought to maximize the impact of their gifts. Early leaders in the foundation world (e.g., Carnegie and Rockefeller) tried to apply a scientific method to grant making, emphasizing their own strategic approach to taking on selected problems (Fleishman 2007, 59) Specific orientations have changed over time, but the cen... read moretral question remains: "Given limited resources, how can our philanthropy be most effective?" Moreover, "How is the effectiveness of grants to be measured?" In recent years, foundations have turned toward a new rigorous means of understanding how to increase the impact of dollars spent (Brest and Harvey 2008; Salamon 2014) In this regard, the movement toward "impact investing" appears to hold great promise for the foundation world. Unfortunately, a side effect of impact investing may be to reduce the impact of nonprofits on grassroots empowerment and advocacy.read less
- Berry, J.M. (2016) 'Negative Returns: The Impact of Impact Investing on Empowerment and Advocacy', PS: Political Science & Politics, 49(3), pp. 437-441. doi: 10.1017/S1049096516000664. This article has been published in a revised form in PS: Political Science & Politics [doi: 10.1017/S1049096516000664]. This version is free to view and download for private research and study only. Not for re-distribution, re-sale or use in derivative works. © American Political Science Association 2016.