Founder and CEO Monisha Kapila writes about the attractive talent marketplace created by impact investing, and opportunities to leverage talent for impact
FOR IMMEDIATE RELEASE
December 16, 2014
A new report released last week by the Aspen Institute surveys the landscape of the growing impact investing field and offers a comprehensive look at how impact investments in education, economic security, and health and well-being can advance economic mobility in low-income families. ProInspire Founder and CEO Monisha Kapila, a leading voice on talent in the social sector, was among a select group of thought leaders invited to contribute to the report, The Bottom Line: Investing for Impact on Economic Mobility in the US.
Monisha’s essay, Talent for Impact: Lessons Learned from Impact Investing, puts a finer lens on how impact investing has created an attractive talent marketplace. It explores factors fueling the surge in interest among business professionals towards impact investing careers; benefits of integrating business skill sets into the work; and recommendations for how the impact investing field can support growing talent needs in order to truly realize its potential.
In addition to Monisha’s essay, the report features results from a survey of impact investors; case studies of existing impact investment deals; and essays from philanthropic, business, and nonprofit leaders. Other contributors include Clara Miller, F.B. Heron Foundation; Kate Wolford, McKnight Foundation; Audrey Choi, Morgan Stanley Institute for Sustainable Investing; and Kyle Zimmer and Jane Robinson, First Book. The report also contains snapshots of deals, including work by the Calvert Foundation, John D. and Catherine T. MacArthur Foundation, Kresge Foundation, and Living Cities.
“I was thrilled to participate in the Aspen Institute’s Bottom Line report,” said Monisha Kapila. “At ProInspire, we work with organizations focused on access to education, employment, housing, impact investing, and philanthropy to develop leaders who can drive results. In the U.S., there is no greater challenge than income inequality. The growth and innovation happening in the impact investing field offers a tremendous opportunity to help address this inequality, so that families can recapture economic mobility and stability. Inherent in a successful outcome is an understanding of the talent needs and solutions facing organizations in this field, and my essay seeks to illuminate these key issues.”
The report, a project of Ascend at the Aspen Institute and the Program on Philanthropy and Social Innovation, was made possible through the generous support of the W.K. Kellogg Foundation. Monisha’s essay is available online, and the full report can be found here.
Founded in 2009, with offices in Washington, DC and the San Francisco Bay Area, ProInspire is a nonprofit that develops leaders at all levels for organizations addressing the world’s greatest challenges. The organization’s flagship program, the ProInspire Fellowship, offers exceptional young business professionals a one-year Fellowship at a leading social sector organization, along with training, coaching, and career support. Building on the success of the Fellowship model, ProInspire recently expanded its offering with the Managing for Success program. This innovative program seeks to fill the void in professional development opportunities for early- to mid-career nonprofit managers with interactive workshops, peer support, and mentoring opportunities designed to sharpen managerial skills and enhance effectiveness in a nonprofit role.
For more information about ProInspire, including information on program applications, please visit www.proinspire.org
About the Aspen Institute
The Aspen Institute is an educational and policy studies organization based in Washington, DC. Its mission is to foster leadership based on enduring values and to provide a nonpartisan venue for dealing with critical issues. The Institute has campuses in Aspen, Colorado, and on the Wye River on Maryland’s Eastern Shore. It also maintains offices in New York City and has an international network of partners.