The Foundation of Good Governance for Family Impact Investors—Removing Obstacles and Charting a Path to Action

Families pursue impact investing for a variety of reasons, including as a way to engage younger family members in the broader philanthropic and investment activities of a family to foster continuity in the stewardship of assets across generations. Before incorporating impact investments into their portfolios, families should define the overall contextual framework for their impact investments that focus on purpose, priorities, and principles. These elements and development of governance structures will help ensure that family values and decision-making processes are advantages rather than obstacles in pursuing impact investing goals and objectives.