The Snow Foundation’s investment strategy is to ensure a strong rate of return to fund the foundation’s grant-making programs over the long term, with a target-balanced asset portfolio structure, investing responsibly in corporations which ideally seek to realise our mission, and avoid those whose activities conflict.
SOCIAL IMPACT INVESTMENTS
The Snow Foundation is committed to embracing impact investments and growing our commitments in this area. Currently, the foundation has eight pure Social Impact Investments committed as at 30 June 2018 to the amount of $1.8M with $1.2M invested.
New Impact investments committed this year were –
AbilityMate (custom made 3D printed ankle-foot orthoses for children)
Giant Leap (fund invests in companies whose mission is to create a more sustainable society
Pure Impact Investments Committed – targeting sustainable living, empowering people, health and wellbeing
Social Ventures Australia – Diversified Investment Fund (fund invests in impact organisations and housing projects, focusing on education, employment, housing, first Australians, disability and health).
We continue to aim for 10% invested in pure Social Impact Investments. Third Link, Future Generation Investment Company and Future Generation Global Fund have been selected due to their philanthropic nature and if classed within the impact investments, the percentage share of impact investments would increase to 26%.