Rockefeller Foundation Backs Nonprofit ETF Startup

The Rockefeller Foundation is helping to finance a startup hoping to build exchange-traded funds for nonprofit organizations and direct the profits back to their causes, officials from the group said with a plan to announce the initiative later on Tuesday.

The foundation awarded a $300,000 grant to Impact Shares Corp, a Dallas-area organization that aims to offer charities the ability to create ETFs that will be sold to the public.

from FA News http://www.fa-mag.com/news/rockefeller-foundation-backs-nonprofit-etf-startup-33960.html

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