[News 7/3] New guidebook for mission-based investing


PHILANTHROPY
With a new guidebook, “Mission in the Marketplace” (.pdf), the Social Investment Forum Foundation hopes to help foundations with mission-based investing (Newswire, 7/2)

HEALTH
[Va.] N. Va Community College’s primary-care clinic faces an imminent shutdown (WaPo, 7/3) – Launched with national and local foundation and nonprofit funds, the clinic never really found its footing. The idea of co-locating medical students with medical professionals to benefit an underserved community had promise–it’s working elsewhere–but some say in retrospect that “problems probably occurred because the college ran both sides of the operation.” Margaret O’Bryon, CEO of the Consumer Health Foundation [and co-chair of WG’s Health Working Group – see related] explains that because foundations fund innovation, some experiments will succeed and some will fail: “You don’t know until you do them because they’re not tested. [But] when you do that kind of work, you can have the breakthroughs.”

CORPORATE GIVING
For Enterprise Rent-a-Car, “philanthropy fits into the broader context of corporate stewardship,” explains Jo Ann Taylor Kindle, daughter of the company’s founder. (BusinessWeek, 7/2)

AFFORDABLE HOUSING
[D.C.] “D.C. plans $1B transformation on N. Capitol Street” (WashBizJournal – subscription, 6/29) – “If the city can pick a developer by the end of this year, demolition of Temple Courts could start in late 2008 or early 2009… Temple Courts is the centerpiece of the New Communities Initiative’s first phase.”