EFA has been proud to be a leader in the impact investing movement. The Foundation began by applying Environment, Social, and Governance (ESG) screens to our endowment in the early 1990s to ensure that the endowment aligned with the grantmaking mission of the Foundation. The Foundation has also been an active shareholder, an original member of the Divest-Invest movement, and has sparked a new movement to bring the tools of impact investing to support the goals of the reproductive rights movement. 

Shareholder Engagement


Remember when McDonalds sold coffee in Styrofoam cups and Home Depot was cutting down virgin forest to make 2x4s?  EFA’s long history of shareholder engagement — along with the hard work of our grantee partners, forward-thinking asset managers, and other foundations — have helped to make these unsustainable practices memories.  Using the equities in our endowment the Foundation furthers its grantmaking goals and values by voting our shares, communicating with corporate leaders, and working with other funders to catalyze change.   

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Portfolio Screening


EFA is proud to be one of the first private foundations to begin screening our investments using Environmental, Social and Governance (ESG) criteria. ESG criteria are standards for a company’s operations that EFA uses to ensure that our investments align with our grantmaking mission and our core values.  Building on our commitment to ensure that our portfolio supports - rather than dilutes - our grantmaking goals, in 2015 we became 100% fossil fuel free and one of the original signatories to the Divest-Invest movement.  


Divesting from fossil fuels is just half of the equation. We also seek to invest in climate solutions that will accelerate the transition to a clean energy economy.  EFA invests its portfolio in forward thinking companies that are leading the clean energy revolution, such as Tesla—and our assets have grown as a result.