A study of 65 of the country's largest philanthropic foundations has found that just 5% invest their assets in something called impact investing, the Wall Street Journal reports.
That's worth an estimated $1.1 trillion, according to a press release.
"There is massive potential here just given the scale of capital," says one of the study's authors.
"If there's any pool of capital that is best suited for impact investing, it would be this pool of capital along with family office money."
The study, conducted by Capricorn Investment Group and Bridgespan Social Impact, also found that 92% of the foundations surveyed are active members of impact investing groups, such as the Global Impact Investing Network and Mission Investors Exchange.
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A Gilesgate-based shop and community facility, Hexham’s Core Music, launches a separate workshop where up to six people will be trained how to repair guitars and make ukuleles. The European Social Fund grant supported the project and has secured funds through the County Durham Communication Foundation to equip the workshop in Burn Lane.