Nine foundations and family offices recently announced the launch of the Tipping Point Fund (TPF).
The Tipping Point Fund aims to boost field-building efforts in impact investing and maintain both the growth and integrity of the impact investing market.
This donor collaborative has $12.5 million in initial funding. The inaugural funders include such heavyweights as Ford Foundation, Omidyar Network, the Rockefeller Foundation and the MacArthur Foundation. The U.S. Impact Investing Alliance will manage operations.
The Fund has two focus areas: public engagement and policy and data, metrics and measurement.
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Bettr Barista Coffee Academy, a social enterprise that adopts a whole-person approach devoted towards enriching the lives of disadvantaged women and at-risk youth, bagged the President’s Challenge Social Enterprise Start-up of the Year award with a trophy and $10,000 prize money.