By: Charles PillerLos Angeles Times Staff Writer
In a sharp break from past practice, major charitable foundations are initiating or strengthening efforts to harmonize the social and environmental effect of their endowment investments with their philanthropic goals.”A head of steam has been created around the issue of ‘mission-related investing,’ ” said Douglas Bauer, senior vice president of Rockefeller Philanthropy Advisors, which consults with foundations. “More and more foundations are wrestling with the issue.”
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