Aeris to expand tools for impact investors with $375,000 grant from the W.K. Kellogg Foundation
PHILADELPHIA, PA, October 31 — Aeris is pleased to announce it has received a $375,000, two-year grant from the W.K. Kellogg Foundation (WKKF) to expand and improve Aeris’ tools for impact investors.
Aeris is an information service for impact investors, who make investments with the intention of generating positive social and environmental impacts, alongside a financial return. Aeris “guides capital to good” by providing due diligence and data that help impact investors source, underwrite, and monitor investments that meet their risk parameters and impact goals.
The grant funds will support a threefold increase in Aeris’ ratings volume, as the organization transitions to annual ratings. The grant also will support Aeris’ introduction of standardized social and environmental impact data in 2018. These innovations are intended to channel greater impact investment to underserved communities, including the children and families supported through WKKF’s grantmaking.
“The W.K. Kellogg Foundation has long been a leader in making financial investments that also generate positive social and environmental impacts,” said Paige Chapel, President & CEO of Aeris. “The Foundation once again has demonstrated its vision and leadership by investing in critical infrastructure for the impact investing field, including strengthening the ratings and data that are so critical to making informed impact investment decisions.”
Aeris guides capital to good by working at the intersection of risk and impact to serve the impact investing field. Aeris due diligence and data help investors source, underwrite, and monitor investments that meet their risk parameters and impact goals. Aeris’ clients range from large financial institutions with Community Reinvestment Act (CRA) obligations, mission-driven charitable foundations, government, private wealth managers, and more. Learn more at www.aerisinsight.com.
About the W.K. Kellogg Foundation
The W.K. Kellogg Foundation awards annual grants through a competitive application and review process. The W.K. Kellogg Foundation (WKKF), founded in 1930 as an independent, private foundation by breakfast cereal pioneer, Will Keith Kellogg, is among the largest philanthropic foundations in the United States. Guided by the belief that all children should have an equal opportunity to thrive, WKKF works with communities to create conditions for vulnerable children so they can realize their full potential in school, work and life. The Kellogg Foundation is based in Battle Creek, Michigan, and works throughout the United States and internationally, as well as with sovereign tribes. Special emphasis is paid to priority places where there are high concentrations of poverty and where children face significant barriers to success. WKKF priority places in the U.S. are in Michigan, Mississippi, New Mexico and New Orleans; and internationally, are in Mexico and Haiti. For more information, visit www.wkkf.org.