Inevitable Ep 74: Timothy Freundlich, CEO of ImpactAssets
Today's guest is Tim Freundlich, CEO of ImpactAssets.
Tim is a long-time innovator in new financial instruments in the social enterprise sector, which he now applies as the head of ImpactAssets, the $1 billion boutique donor advised fund and investment note offerer for impact investments. While previously at Calvert Foundation for 12 years, he conceived of and launched the donor advised fund. He was also instrumental in building the $250mm Community Investment Note with more than $1 billion invested into 300-plus nonprofits and for profits globally.
He co-founded and serves as Managing Partner for Good Capital that, in addition to its flagship Social Enterprise Expansion Fund LP, founded the 2,500-person annual Social Capital Markets (SOCAP) conferences in San Francisco and four Impact Hubs in the US; co-working, meeting and community space serving approximately 2,000 social innovators.
Tim is a sought-out industry speaker and regularly featured and quoted in media such as ThinkAdvisor and WealthManagement and has appeared on TheStreet and Forbes. He received a BA from Wesleyan University and an MBA from the University of San Francisco. Tim and his wife, Julie, live in San Francisco with their sons, Milo and Gus.
In today’s episode, we cover:
- Overview of ImpactAssets
- Origin story and how the model works
- How it is different than a typical institutional asset allocation
- Who the target customers are
- Traction and progress to date
- Some example success stories
- Long vision
- Impact, if successful
- What comes next
- Barriers holding them back
- What could change to help them move faster
- Advice for people looking to allocate their philanthropic capital to maximize its impact
Links to topics discussed in this episode:
- ImpactAssets: http://impactassets.org/
- Tim Freundlich: https://www.impactassets.org/about_us/team/timothy-freundlich
- UN Sustainable Development Goals: https://www.un.org/sustainabledevelopment/sustainable-development-goals/
- Seth Goldman: https://en.wikipedia.org/wiki/Seth_Goldman_(businessman)
- Beyond Meat: https://www.beyondmeat.com/
- MSCI KLD 400 Social Index: https://www.investopedia.com/terms/d/domini_400.asp
- Calvert Impact Capital: https://www.calvertimpactcapital.org/
- What is a donor-advised fund? https://www.nptrust.org/what-is-a-donor-advised-fund/
- Toniic: https://toniic.com/
- CREO Syndicate: http://creosyndicate.org/
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*Editing and post-production work for this episode was provided by The Podcast Consultant