Steve and Jean Case Tout “Impact Investment” Instead of Giving Money Away
By Alex Daniels
The Chronicle of Philanthropy
November 25, 2014
In meetings over the past year with other philanthropists, Jean Case has spread a simple message: Don’t just give your money away.
After a White House meeting in June, the couple committed $50-million to “impact investments,” which they will make personally or through the Case Foundation, which Ms. Case runs. They joined more than 20 other foundations and financial firms that announced they would make a total of $1.5-billion in impact investments.
Aaron Dorfman, executive director of the National Committee for Responsive Philanthropy, said that while he supports impact investing, he worries it will crowd out traditional grant making if taken too far.
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