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Financial Planning > Charitable Giving > Donor Advised Funds

National Philanthropic Trust Offers Donors New Impact Investment Options

By Michael S. Fischer

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National Philanthropic Trust, a donor-advised-fund sponsor, has added four impact investments to its DAF investment menu, offering donors options that have both social and financial returns.

“These new investments will offer our donors another way to increase their charitable impact,” Eileen Heisman, NPT’s president and chief executive, said in a statement. “We want to honor our donors’ desire to create a double bottom line by investing their donor-advised fund assets to generate a social and financial return.”

NPT, founded in 1996, reported that it currently manages $4.3 billion in charitable assets and has made more than 178,000 grants totaling $4.3 billion to charities around the world.

The organization annually publishes the Donor-Advised Fund Report, and last year, published HistoryofGiving.org, a narrative about the past 500 years of philanthropy, including rarely accessed images, videos and documents.

The new investments are all iShares exchange-traded funds.

iShares MSCI EAFE ESG Optimized ETF (ESGD). This index of developed market global companies has been selected and weighted for positive environmental, social and governance characteristics. Companies are rated against a broader index based on risk factors related to environmental, such as carbon emissions, water use and toxic waste; social, such as labor management, health and safety, and sourcing; and governance issues, e.g., corruption, fraud and anti-competitive practices.

iShares Sustainable MSCI Global Impact (MPCT). MPCT tracks the MSCI AWCI Sustainable Impact Index, and comprises global companies that derive at least 50% of their revenues from products and services that further the United Nations’ Sustainable Development Goals. These goals focus on health and diet, sustainable energy and education.

iShares MSCI KLD 400 Social ETF (DSI). DSI tracks a market-cap weighted index of 400 companies that are considered to have positive ESG characteristics. It explicitly excludes firms that are significantly involved with weapons manufacturing, “vice” products, nuclear energy and genetic modification. The fund’s strategy is to overweight the technology sector and underweight both the financial and industrial sectors.

iShares MSCI ACWI Low Carbon Target ETF (CRBN). CRBN tracks the MSCI ACWI Low Carbon Target Index. It encompasses stocks of global firms that selected for a bias toward lower carbon emissions.

— Check out More Investors Think Their Portfolios Can Change the World on ThinkAdvisor.

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