BASIC MEMBERS TRACK
WEDNESDAY, MARCH 9TH, 2016
(Open to Basic Members and Non Member Philanthropists only)
Times & Sessions Subject to Change
BREAKFAST IN THE BALLROOM, THE CHARLES HOTEL
Introduction to Structures in Mission Related Investing
What does a mission-related investment program look like? This session will explore the steps investors take to design and implement mission-aligned portfolios, and the considerations presented along the way. Beginning with investment policy statement development and then diving into the various investment structures available across different asset classes, we will take a complete look at the portfolio construction process for mission-related investors and how it can be customized to make sense for you.
- Patricia Farrar-Rivas, CEO, Veris Wealth Partners
- Stephanie Cohn Rupp, Managing Director of Impact Investing, Threshold Group
THEMATIC INVESTING: SOLUTION-ORIENTED PUBLIC EQUITY INVESTMENTS
This panel will explore the opportunities and challenges that investing in public equities represents as an integral part of any mission-related investment strategy. Panelists will discuss due-diligence through the lens of Environmental Social Governance (ESG) factors, and the ultimate impacts on society and long-term financial returns that solutions-oriented public equity companies can provide. Importantly, public equities can provide scalable solutions, especially in the areas of water, energy and food given their central roles in a variety of sustainability challenges. The panel will explore different approaches to thematic investing from several different entities., and will include the role of family offices in pursuing holistic and sustainable long-term strategies though thematic investing.
- Rolando Morillo, Senior Equity Analyst, Rockefeller & Co
- Raul Pomares, Founder, Sonen Capital
- Mark Spalding, President, The Ocean Foundation
INFLUENCING AND CHANGING CORPORATE BEHAVIOR – ENHANCING THE IMPACT OF YOUR PUBLIC EQUITIES INVESTMENTS
What was behind Starbucks' decision to roll out a recycling program in their stores? Why did Dunkin Donuts decide to remove nanomaterials from their powdered sugar donuts? What motivated BP to commit to reducing emissions? Asset owners holding shares in these companies, sometimes as small as $2000 worth, actively engaged with these companies to affect change that further supported their values and missions. In this session we will discuss how to get involved and hear from asset owners about their experiences as active and engaged shareholders.
- Liz Michaels, Chief of Staff, Aperio Group (Moderator)
- Peter Coffin, President, Breckinridge Capital Advisors
- Bruce Oberfest, Founding Member, Bruce Oberfest & Associates
- Tim Smith, Director of ESG Shareowner Engagement, Walden Asset Management
LUNCH IN THE BALLROOM, THE CHARLES HOTEL
SMALL SESSIONS (CHOOSE ONE)
Break Down Silos and Maximize Impact: Investing Across Financial Resources and via Intermediaries
Mission-related investors have both the opportunity and the ability to play a catalytic role in the impact investing space by utilizing different types of capital to enhance social and environmental outcomes. In fact, utilizing funds across the capital spectrum is critical in developing and proving financial solutions to problems that persist in broken markets. What is possible when philanthropic resources and investment strategies across asset classes are integrated? How can co-investment become more feasible and strategic? What role can and do intermediaries play? Panelists representing both the intermediary and the investor perspectives will discuss the successes and challenges they have experienced in establishing and participating in innovative funding partnerships. This includes pooled financing vehicles and pioneering grantmaking models that challenge traditional barriers in philanthropy and combine more than one type of capital to support holistic impact.
- Rachel Serotta, Investor Relations Officer, Root Capital (Moderator)
- Catherine Covington, Client Development Manager, RSF Social Finance
- Deborah Frieze, Managing Partner, Boston Impact Initiative
- Maya Winkelstein, Executive Director, Open Road Alliance
Mission Aligned Investing - Actual Implementation
A panel of investment professionals will provide actual portfolio examples illustrating specific implementation of a range of client objectives. The session is designed to provide very concrete and actionable illustrations to attendees and examples will include both simple and complex portfolios and a range of mission objectives. The session will also include presentations from investment professionals so that attendees get a diverse set of views.
- Matthew W. Patsky, CEO, Trillium Asset Management (Moderator)
- George Bachrach, President, The Environmental League of Massachusetts
- Andree Saulnier, Chair of the Investment Committee, Episcopal City Mission
- Fran Seegull, Chief Investment Officer and Managing Director, ImpactAssets
SMALL SESSIONS (CHOOSE ONE)
NAVIGATING THE ADVISORY LANDSCAPE: FINDING THE INVESTMENT PROFESSIONAL THAT'S RIGHT FOR YOU
The business of investing can be opaque to say the least. The various roles investment professionals play, the way these professionals get compensated, and the nuances in the impact investing world create a "black box" approach for most. This session will shed some light on this subject. The session will include an overview of how the investment industry is structured from Advisors featured in Confluence Philanthropy’s new resource, “Finding Your Way to the Right Investment Advisor". At the end of this session you will proudly know the difference between asset manager, asset owner, wealth advisor, wealth manager, consultant, multi-family office, investment banker, fund manager and many more. You will know the different ways these functions get compensated and the trade-offs between different models of compensation.
- Michael Whelchel, Co-Founder & Managing Partner, Big Path Capital (Moderator)
- Natasha Lamb, Director of Equity Research and Shareholder Engagement, Arjuna Capital
- David Lynch, President, Athena Capital
- Kate Simpson, Research Consultant, Confluence Philanthropy
- Chitra Staley, Managing Director and Partner, Beacon Pointe Wealth Advisors
To Own What You Own - KNOW What You Own
Democratizing Finance means owning what you own. That is impossible if you don’t know what you own. This session provides secure access and training to As You Sow’s new web-platform that enables you, with a few mouse clicks, to see the fossil fuel holdings hidden within mutual funds in your 401k or 403b. You will leave empowered by your own definition of “fossil free” and the ability to clean up and align your retirement plans as well as with practical knowledge, training, and a password to access tools so you can own what you own by knowing what you own.
- Andy Behar, CEO, As You Sow
- Lisa Renstrom, Trustee, Bonwood Social Investments, Confluence Board Member
WORKING GROUP MEETINGS
DIVEST-INVEST WORKING GROUP
Foundations can amplify their impact on climate change by using the power of their portfolios synchronized with their grantmaking. This panel will look beyond the Paris UN Climate Summit to the 2016 election and how the divest-Invest movement is building into a political force bringing “Power to the people” in more ways than one. We will bring you up to date on Divest-Invest strategy and discuss PRI/MRI projects bringing clean and just power to the people needing energy access. We will debate the marriage of Divest and Engage and the need for fossil fuel companies to freeze/stop capital expenditures. The session will inform and inspire and help you understand your critical role in bringing about a just and clean energy present and future.
- Anne Stetson, Trustee, John Merck Fund (Moderator)
- Carol Dahl, CEO, Lemelson Foundation
- Amanda Hanley, Co-Founder and Director, Hanley Foundation
- Jenny Russell, Executive Director, Merck Family Fund
A new generation of collaborative economics requires sources of capital that connect with communities at the regional level. While there are many historical and deeply embedded barriers to this work, there is a growing field of entrepreneurs, investors, philanthropists and public officials willing to take this challenge head-on. This session will explore specific examples of this new multi-stakeholder paradigm through the work of several regional initiatives. Panelists will highlight the challenges, lessons learned, and opportunities to expand on this work in other regions.
- David Sand, Chief Investment Strategist, Community Capital Management (Moderator)
- Angel Braestrup, Executive Director, The Curtis & Edith Munson Foundation
- Aimée Christensen, Executive Director, Sun Valley Institute For Resilience And CEO, Christensen Global Strategies
- Sayer Jones, Director of Finance and Mission Related Investing, Meyer Memorial Trust
Philanthropists-Only Dinner AT HENRIETTA'S TABLE, THE CHARLES HOTEL
Welcome Address with Jeff Rosen, Chief Financial Officer, Solidago Foundation and Confluence Board Member