The Foundation’s Investment Policy Statement (IPS) governs the investment of our assets, including the selection of diverse investment managers.
Our IPS sets social impact and financial return as joint priorities and incorporates our commitments to centering Black, Indigenous, and Communities of Color, and to having an impact in Virginia.
Sorensen Global Impact Investing & Godeke Consulting are hired to help source international, national, and local impact investments.
The Foundation makes its first impact investment in Root Capital.
The Foundation makes its 2nd impact investment in Oxfam.
Syntrinsic Investment Counsel is hired to help craft an Investment Policy Statement reflective of the Foundation’s evolving investment philosophy.
The Board approves the first Investment Policy Statement codifying its intention to generate positive impact alongside financial returns.
The Board commits to 100% mission-alignment of assets.
The Foundation transitions its cash assets to Environmental, Social, and Governance (ESG) aligned funds.
As the Investment Committee works in partnership with Bivium Westfuller to implement the IPS, we are committed to continuing to learn, experiment, refine, and share our journey.
The Foundation’s Investment Committee affirms that the IPS is a living document and should and will be informed by the IC, Staff, and Board’s evaluation of how well it is meeting stated objectives. The Investment Committee recognizes the fundamental flaws of the current market system which ultimately contribute to the disempowerment of the very populations we center in the work of the Foundation. The Investment Committee also acknowledges the Board’s commitment to interrogate the structures, policies, and advantages that enabled the origin and accumulation of the Foundation’s wealth, and the future need to discuss the desired size of the Foundation’s endowment. In keeping with the Foundation’s listening and learning value, the IPS commits the Foundation to continuing our active learning and conversation about these systems.
We are grateful to the Investment Committee for their dedication and commitment.
Weissberg Foundation Trustee Members:
Ricshawn Adkins Roane
Chair, Independent Trustee