The Bridges Impact Foundation
Bridges began with a clear mission: to raise investment vehicles that target both societal and financial returns.
To protect and safeguard this mission, we founded the Bridges Impact Foundation (originally the Bridges Charitable Trust) and gave it an ownership stake in the management company. This effectively gives the Foundation power of veto over any change to the manager’s mission.
The Foundation is funded entirely by the Bridges team, who donate 10% of all their profits from the firm’s investment funds.
The Foundation has three core goals:
To finance impactful investments that fall outside the scope of Bridges' usual fund-management activity
Supporting the team
To promote and amplify the charitable efforts of the Bridges team
Building the market
To build the broader sustainable and impact investing market
A Bridges team is currently facilitating the Impact Management Project, an initiative bringing together over 2,000 organisations from across the global value chain to agree on shared fundamentals for how we talk about, measure and manage impact.
The IMP is now moving into an even more ambitious phase: developing a set of shared principles, reporting standards and benchmarks for impact.
To achieve this, it has brought together nine of the world’s leading standard-setters into a Structured Network – an unprecedented collaboration of standard-setting organisations who are coordinating efforts to provide complete guidelines for impact measurement and management. This includes the United Nations Development Programme, Principles for Responsible Investment, International Finance Corporation, Global Steering Group for Impact Investment, Organisation for Economic Co-operation and Development and more.
The MIINT programme
The MIINT (MBA Impact Investing Networking and Training) programme, which we run in partnership with the Wharton Social Impact Initiative, is an experiential training course designed to give students a hands-on education in impact investing. It takes place each academic year and involves top business and graduate schools from around the world.
The Foundation’s US arm supports the MIINT through financial assistance and pro bono support from the Bridges team.
A round-up of our philanthropic activity in the last year