In partnership with Upstart Co-Lab, the Local Initiatives Support Corporation (LISC) has launched the first impact investment vehicle focused on art, design, culture and creativity.

This is an opportunity for accredited investors to finance affordable, inclusive creative workspaces, fostering quality, 21st-century jobs for low- and middle-income New Yorkers. Anchor investors include ImpactAssets, the Altman Foundation, the Phillips Foundation, Katherine Fulton and Katharine Kunst, Gary Hattem, Kat Taylor — among others.

Read more here.
Visit the LISC website here.

According to The New York Times, “Since Upstart Co-Lab was founded in 2015, it has helped increase interest in impact investing in the arts…” Read the whole story in A Push to Invest in the Arts Grows Stronger.

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Hyperallergic: It’s Time for US Museums to Divest From Immoral Industries

American Alliance of Museums: Museums Discover Impact Investing

ImpactAlpha: Impact investments are beginning to show up in the endowments of U.S. art museums

Philanthropy News Digest: Cultural Capital: The state of museums and their investing

TheNonProfitTimes: Museums Late To Impact Investing Party

Fin News: Museums With Long Road To Reach Impact Investment Adoption Of E&Fs: Survey

artnet: Just a Third of Museums Are Investing Their Endowments in Socially Responsible Ways, a Study Found. Here’s How They Can Do Better

The New York Times: How Museums Invest

Barron’s: Most Museums Don’t Put Their Money Where Their Values Are

Worth Magazine: Museum Boards And Donors Need To Examine Where Endowments Are Invested

Americans for the Arts: How America’s Arts Organizations Can Invest Their Values

The Art Newspaper: How museums can ethically invest their money

American Alliance of Museums: Investing for Values and Mission

The Art Newspaper: ethical investment options should come easy

Financial Times: Museums should lead in socially responsible investing

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