Impact Investing: Considerations for Trustees

As more and more investors look to implement impact investment strategies, interesting questions are being raised in the context of impact investing by fiduciaries appointed to administer a trust for beneficiaries. Suppose the beneficiary of a multi-generational, non-charitable trust is interested in integrating her values in a trust established for her benefit. How should a trustee determine if the request is consistent with the trustee’s duties under the Prudent Investor Rule?