The Texas Women’s Foundation is putting its money where its mouth is, transferring all its financial assets to a 100 percent “gendered impact” portfolio that focuses on social benefits to women and girls. Gender lens investing, or GLI, is a growing trend in wealth management that allocates capital in order to achieve gender-equitable social change.
The foundation said it moved about $38 million in endowments, operating investments and donor-advised funds from U.S. Trust to a portfolio managed by the Chicago office of Graystone Consulting, a business of Morgan Stanley.
TWF said every fund within the new portfolio is evaluated according to its financial benchmark as well as its gendered impact, in accordance with United Nations Sustainable Development Goals affecting women and girls. It added in a release that it’s the first and only women’s fund or foundation to move all its assets into gendered impact investing. There are believed to be more than 100 women’s funds and foundations globally.
Said Roslyn Dawson Thompson, the foundation’s president and CEO: “Our journey to be the first women’s foundation aligning 100 percent of our assets with our mission has been many years in the making, and reflects the tremendous commitment by our Investment Advisory Committee and Board to the ‘all-in’ strategy. … We hope that we can inspire others to become part of what is now a global movement around impact investing.”
It seems that it already has.
As a result of the switch, a TWF spokeswoman said, sisters Lisa Simmons and Serena Simmons Connelly have opened a new, $10.5 million donor-advised fund at the foundation.
* Graphic provided by Texas Women's Foundation