Network News

Impact Investing: Three Takeaways from Dept. of Labor ERISA News


David Wood, Initiative for Responsible Investment | On October 22, the U.S. Department of Labor announced it was withdrawing a guidance memo from 2008 for ERISA plans on Economically Targeted Investments (ETIs), reverting instead to previous guidance issued in 1994. This move had been long sought by responsible investors, who shared the DOL’s concern that the 2008 guidance “unduly discouraged fiduciaries from considering ETIs and ESG factors” when making their investment decisions. This is big news. Here are three things I took from the announcement: more »

Citing Its Mission, REI Campaigns to Spend Black Friday Outdoors


REI will close all 143 of its stores on November 27 and pay its employees to spend time outdoors instead. The company unveiled the #OptOutside social media campaign and website this week, inviting customers and supporters to post photos of their outdoor activities in lieu of Black Friday shopping sprees. As of Oct. 30, another Northwest company had joined the campaign. more »

What Children Need to Succeed: Reflections from U.S. Education Learning Forum


David Bley, Board Chair | What do children need to succeed in school? That’s a question that often comes my way because of our work at the Bill & Melinda Gates Foundation. It’s almost a trick question, since we know what children need: they need everything both in school and at home. Every age and every grade matters from the moment they enter the world through when they graduate high school ready for college, earn a credential after high school and launch into career and life. more »

New Executive Directors at Building Changes and SVP Seattle


Two Philanthropy Northwest member organizations in Washington have announced leadership transitions: Building Changes, which works to reduce family and youth homelessness, will be helmed by Helen Howell, who succeeds Alice Shobe; SVP Seattle, which works to connect nonprofits, funders, agencies and schools in the Puget Sound area, has welcomed Lisa Nitze, succeeding Paul Shoemaker. more »

Starbucks, Schultz Family Foundation Muster Allies for Veterans


Starbucks and the Schultz Family Foundation recently convened a group of veterans service organizations, military officials and business leaders to create a collective blueprint to help with the transition from military service to civilian careers. The effort is a continuation of Starbucks commitment to hire 10,000 veterans and military spouses by the end of 2018. While building a pipeline of talent focused on veterans and active duty spouses, the company realized it can do more to bridge the divide between military and civilian populations. more »

Canopy's First Six Months: Building the Northwest's Place-Based Investing Infrastructure


Lauren Sato, Canopy | Six months ago, Canopy launched in the Pacific Northwest with a grand vision to build the infrastructure necessary to create a thriving ecosystem for place-based impact investing. Half a year later, our commitment to this vision has led to many exciting changes. Based on interest and feedback from the field, Canopy has evolved from its early work of conducting field-building research to include robust technical infrastructure building and educational programming, all aimed at creating equitable prosperity in our region — from northern California to Alaska, from the Pacific Ocean to Wyoming — and ultimately across the United States. more »