This week saw the launch of the U.S. Impact Investing Alliance, a network of leaders focused on advancing the movement to use capital for social good. Working together with financial institutions, high-net-worth individuals, and philanthropy leaders, this field-building organization will advocate for a favorable policy environment, catalyze the flow of impact capital, and grow the impact investing movement in the US and globally.

As chair of the alliance and a member of its Advisory Council, Ford Foundation president Darren Walker believes it is the right time to explore different ways we might start to bridge the gap between philanthropic impact and investments. “The impact investing movement is a growing force in driving social and environmental change around the world,” said Walker. “In philanthropy, we are moved to lead this effort, but ultimately it is about engaging with everyone, from Wall Street to Main Street. We can accomplish more in partnership than we ever could achieve on our own.”

The foundation congratulates the alliance on a momentous launch and is pleased to work together with the organization as part of the foundation’s broader work on inclusive economies. On the heels of our recent $1 billion commitment to mission-related investments, our partnership with the alliance aligns perfectly with our steadfast commitment to diversifying and maximizing financial assets—the foundation’s own and the world’s—to solve pressing social problems and create lasting impact.

Read the full announcement about the launch and the blog post co-authored with the alliance’s executive director, Fran Seegull.