Tuesday, 07 Apr 2020

Philanthropy Expert Kris Putnam-Walkerly Puts Charitable Assets Front-And-Center in New Socially Conscious Investing Book

Philanthropy Expert Kris Putnam-Walkerly Puts Charitable Assets Front-And-Center in New Socially Conscious Investing Book
CLEVELAND: Kris Putnam-Walkerly, global philanthropy advisor and President of Putnam Consulting Group, has written a new chapter on "Transformational Giving: Philanthropy as an Investment in Change," in the new business book, "The ImpactAssets Handbook for Investors."

The book is a must-read for investors who want to build portfolios that create a better world and have a positive impact on social and environmental issues as an integral part of their strategies to generate financial returns.

"Many investors incorrectly think of philanthropy as altogether separate from their strategies to build wealth, generate return and make change," said Putnam-Walkerly, who provides philanthropic advising and strategic consulting services to individuals and institutions.

"Donors who fail to recognize the potential power of their philanthropy to amplify return on investment and contribute to an overall investment strategy are missing a key tool in the investor's tool kit. As described in terms of Total Portfolio Management, rather than an afterthought, philanthropy deserves consideration as another asset class that links to and strengthens other investments within a portfolio," she said.

For example:
•An investor with an interest in the alternative energy industry might provide a philanthropic investment in a green-jobs training program to ensure a competent workforce for that industry.
•An investor who wants to build an empire of organic grocery stores may recognize the importance of supporting nonprofits that help small farmers employ sustainable agriculture practices.
•An investor can use more than just financial gifts to support their philanthropic investments. They can leverage their connections in the industry to help find job placements for trainees, business partners for the research university and even scholar- ships for industry workers who want to further their educations.

Putnam-Walkerly's chapter provides clear guidance for investors who wish to incorporate philanthropy as an investment asset, including nearly two dozen ways that investors can identify, maintain and enhance philanthropic investments that will increase overall effectiveness and transform communities, industries and society.

"When done correctly, transformational philanthropic investments can play a key role in an investor's overall portfolio, as well as in achieving greater vision, increased impact, and deeper meaning as part of an investor's total return," she said.

The ImpactAssets Handbook for Investors also includes a wealth of advice from other experts and industry leaders about investment strategies that intertwine social change and economic return.

(PRN | 2 years ago)