Nonprofit Leadership Podcasts

How can Wall Street make money for social good?

Ethan Powell

What if your Wall Street investments could actually be used for social good?
One nonprofit is actually doing just that. My guest today is Ethan Powell, CEO of Impact Shares – the first 501(c)(3) nonprofit exchange-traded fund (ETF) platform.

Backed by the Rockefeller Foundation, Impact Shares helps organizations translate their social values into an investable product that is traded on the Exchange. Their non-profit partners define a set of evolving criteria for companies that are committed to being a part of their ETF to ensure ongoing alignment of corporate behaviors with social values. A portion of these profits go directly back to these non-profit partners. Currently, Impact Shares has two non-profit partners focused on gender and racial diversity, as well as one focused on sustainability.

Enjoy today’s show.

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