Impact Shares Receives $1 Million in Additional Funding from The Rockefeller Foundation
DALLAS--(BUSINESS WIRE)--Oct 19, 2018--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 . 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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CONTACT: Gregory FCA for Impact Shares
Ryann Bucher, 215-475-5950
KEYWORD: UNITED STATES NORTH AMERICA TEXAS
INDUSTRY KEYWORD: PHILANTHROPY PROFESSIONAL SERVICES FINANCE FOUNDATION FUND RAISING
SOURCE: Impact Shares
Copyright Business Wire 2018.
PUB: 10/19/2018 12:00 PM/DISC: 10/19/2018 12:00 PM