Impact Shares Receives $1 Million in Additional Funding from The Rockefeller Foundation
19 Oktober 2018 - 6:00PM
Business Wire
Impact Shares, the first 501(c)(3) nonprofit exchange-traded
fund (ETF) platform, has secured an additional $1 million grant
from The Rockefeller Foundation to expand its partnerships with
leading nonprofits and help translate their social values into
investable products.
Awarded through the foundation’s Zero Gap innovative finance
portfolio, the additional funding from one of the nation’s foremost
philanthropic organizations highlights the tremendous potential for
Impact Shares to further engage retail investors in the socially
responsible investing movement. Impact Shares successfully launched
the Impact Shares NAACP Minority Empowerment ETF (NYSE: NACP),
Impact Shares YWCA Women’s Empowerment ETF (NYSE: WOMN) and the
Impact Shares Sustainable Development Goals Global Equity ETF
(NYSE: SDGA) earlier this year in partnership with the NAACP, YWCA
and UNCDF, respectively.
“The rise of impact investing, coupled with the growth in ETFs,
opens the doors for organizations and charitable groups to generate
more awareness about their causes, while creating an additional
revenue stream that helps fuel their social missions,” said Ethan
Powell, CEO of Impact Shares.
“We are pleased with the interest and response from our existing
partners thus far, and we are actively engaged in generating
awareness and growth for them while continuing to work with other
leading nonprofits to help them become ambassadors of their
movements in the private sector and beyond.”
Impact Shares, itself a 501(c)(3) charity, will donate the net
advisory proceeds it receives from each fund it sponsors back to
the collaborating partner nonprofit, creating meaningful engagement
with corporate America and providing the investing public with more
targeted and credible social-impact investing options.
“Through its Zero Gap innovative finance portfolio, The
Rockefeller Foundation is proud to support Impact Shares in
designing vehicles that help to mobilize private capital for social
good—generating critical new streams of revenue for organizations
committed to advancing the wellbeing of humanity,” said Saadia
Madsbjerg, managing director at The Rockefeller Foundation.
ABOUT IMPACT SHARES
Impact Shares is an ETF issuer and Investment Manager that is
creating a new and innovative platform for clients seeking maximum
social impact with market returns. Impact Shares’ goal is to build
a capital markets bridge between leading nonprofits, investors and
corporate America to direct capital and social engagement on
societal priorities. Impact Shares is a tax-exempt nonprofit
organization under Section 501(c)(3) of the Internal Revenue Code.
For more information about Impact Shares, visit impactetfs.org.
ABOUT THE ROCKEFELLER FOUNDATION
For more than 100 years, The Rockefeller Foundation’s mission
has been to promote the well-being of humanity throughout the
world. Today the Foundation is focused on securing the fundamentals
of human well-being—health, food, power, and jobs—to ensure every
family experiences dignity and opportunity in our rapidly
urbanizing world. Together with partners and grantees, The
Rockefeller Foundation strives to catalyze and scale transformative
innovations, create unlikely partnerships that span sectors, and
take risks others cannot—or will not. For more information,
visit www.rockefellerfoundation.org.
Carefully consider the Funds investment objectives, risk
factors, charges, and expenses before investing. This and
additional information can be found in Impact Shares'
statutory and summary prospectus, which may be obtained by
calling 844-448-3383, or by
visiting www.impactetfs.org. Read the
prospectuses carefully before investing.
Investing involves risk, including the possible loss of
principal. Shares of any ETF are bought and sold at market price
(not NAV), may trade at a discount or premium to NAV and are not
individually redeemed from the Fund. Brokerage commissions will
reduce returns. Investments in commodities are subject to higher
volatility than more traditional investments. Narrowly focused
investments and investments in smaller
companies typically exhibit higher volatility. The Funds may
invest in derivatives, which are often more volatile than other
investments and may magnify the Funds’ gains or losses. The Funds
are non-diversified.
The Impact Shares Sustainable Development Goals Equity ETF
invests in foreign investments and emerging markets, In addition to
the normal risks associated with investing, international
investments may involve risk of capital loss from unfavorable
fluctuation in currency values, from differences in generally
accepted accounting principles or from social, economic or
political instability in other nations. Emerging markets involve
heightened risks related to the same factors as well as increased
volatility and lower trading volume.
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version on businesswire.com: https://www.businesswire.com/news/home/20181019005475/en/
Gregory FCA for Impact SharesRyann Bucher,
215-475-5950impactshares@gregoryfca.com
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