“Impact investing is a practice and it’s something you get better at or you get more comfortable with.”
Elizabeth McGeveran joined McKnight in 2014 as Director of Impact Investing. She is responsible for the Foundation’s $200 million commitment, investing in businesses and funds that are building the low-carbon economy, improving the water quality of the Mississippi River, and contributing to a thriving, sustainable Minnesota. This portfolio represents 10% of the Foundation’s $2 billion endowment. McGeveran also provides Environmental, Social & Governance (ESG) expertise and evaluation across the entire endowment.
On this episode, Elizabeth talks about the McKnight Foundation looked at ways to leverage their assets and say their endowment's market earnings as an underutilized resource. She talks about the process the board went through to assess potential shifts in alignment, describes the Midwest Climate and Energy Program and the Carbon Efficiency Fund.