News Headlines Article

Health foundations adopt impact investing to drive change
San Francisco Business Times

Health-care foundations in the Bay Area and elsewhere are increasingly turning to “impact investing” — plowing money into for-profit companies, seeking a financial as well as a social return. Oakland’s California HealthCare Foundation started with a $10 million fund in late 2010. It’s invested about 75 percent of that money in eight entities — including seven for-profit companies. The rest of the initial funding will likely go to augment those early investments, which so far have taken the form of low-interest loans or convertible debt, as opposed to traditional grants.

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