Supporting a business-school competition to design innovative investment vehicles to advance social and environmental change

This grant provides lead-sponsor funding for a student competition among a consortium of business schools to design innovative financial structures and instruments that facilitate impact investing for social and environmental change. The competition will challenge students to create proposals for innovative investment vehicles that satisfy the following criteria: (1) the investment will generate both competitive returns and positive social and/or environmental impact; (2) risk management is commensurate with target returns; (3) the investment is attractive in both size and scope to institutional investors, such as U.S. pension funds; and (4) performance metrics for components of both the financial and social returns are transparent and well defined, demonstrating clear linkage between program outcomes and social impact. The schools committed include Kellogg (Northwestern), Johnson (Cornell), Columbia, Anderson (UCLA), Fuqua (Duke), and Stern (NYU). The organizers plan to extend invitations to Harvard, Stanford, Wharton (Penn), Booth (Chicago), and Saïd (Oxford). Participating schools will design the selection criteria, market the competition to students, and recruit judges, partners, other sponsors and one or two students to serve on a leadership committee.

Grant Details

Amount Awarded $78,400.00

Awarded on: 1/5/2011

Time frame: 12/15/2010 - 6/14/2011

Grant Number: 68587


Northwestern University

633 Clark Street
Evanston, 60208-1110


Timothy Feddersen
Project Director