Larry Kramer: Down the Rabbit Hole? Impact Investing and Large Foundations

Larry Kramer, president of the William and Flora Hewlett Foundation, has recently published an article in the Stanford Social Innovation Review:

No topic in philanthropy has generated as much interest and excitement in recent years as impact investing. And while talk has so far exceeded action by a wide margin, that’s starting to change as the steady drumbeat to join the party gains momentum. Yet the very one-sidedness of the discussion—and it has been entirely one-sided—gives me pause. For there are good reasons to hesitate before jumping down the for-profit rabbit hole, particularly for large grantmaking foundations like Hewlett.

Read the full article.