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Elaine Bedel, President, Bedel Financial Consulting, in Indianapolis, explains the relatively recent concept of Socially Responsible Investing, or SRI. The goal of SRI is to invest in companies that make a positive difference in the environment, their communities, and the general economic well-being of the world. SRI differs from traditional investing since investors specifically choose companies which strive for more than just a profit. These investors still expect a return on their investments, but they also are looking for a positive return for the global community.
Indiana has recently passed legislation to create a special corporation status for such companies. These Benefit Corporations are given the charge to think about the overall positive impact of the business when making decisions, instead of just looking at the profit margin. There are currently thirty states with similar legislation.
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Selected Foundation News
A customized collection of news from foundations from around the Web.
It's that time of year again: time for investors to look back at the last presidential election and see if there's any correlation between it and the performance of the stock market. A Bloomberg...more
Foundation: Kellogg Foundation
For more than 30 years,Henrie Treadwell has been fighting for racial equity at the University of South Carolina, where she became the school's first black graduate since Reconstruction, the...more
An international nonprofit is looking for a regional director to lead its efforts in Africa, and it's looking for someone with "strong interpersonal leadership skills" and a "growth...more
Bryant University in Rhode Island will bestow an honorary degree on one of Africa's most prominent philanthropists during its May Commencement ceremony, the Providence Journal reports. Tsitsi...more
"As students become more independent, being able to get where they are going safely is an essential life skill. Our goal is to educate these students so they can get where they are going, safely,...more
Florida's St. Petersburg has long been known for its Busch Stadium, but the Tampa Bay Times reports it's about to get even more famous. The St. Petersburg Times reports the Tampa Bay Rays...more
Florida's Mia Farley just missed out on a spot on the US Equestrian Team for the 2024 Olympic and Paralympic Games, but that doesn't mean she's giving up on her goal of competing in Rio. The...more
Foundation: Community Foundation of Greater Lafayette
Florida's Mia Farley just missed out on a spot on the US Equestrian Team for the 2024 Olympic and Paralympic Games, but that doesn't mean she's giving up on her goal of competing in Rio. The...more
Foundation: Community Foundation for Southeast Michigan
Detroit's Rose's Fine Food closed its doors last year, but that didn't stop former owner Molly Mitchell from pursuing a career in culinary education. Now she's at the helm of the city's Downtown...more
The Arc of Jefferson/Clearfield Counties and the Punxsutawney Area Historical & Geneological Society have each received a $500 bonus grant from the Punxsutawney Area Community Foundation in order to...more
Social Entrepreneurship
Spotlight
Influencing Social Good Through Retail
When Hannah Davis traveled to China to teach English, she noticed how Chinese workers and farmers were often sporting olive green army-style shoes. Those shoes served as her inspiration to create her own social enterprise, Bangs Shoes.