The U.S. Impact Investing Alliance (“Alliance”), an organization dedicated to building the impact investing ecosystem, today announced that John Palfrey will serve as the organization’s Advisory Board Chair, succeeding Darren Walker. Palfrey will be the third Chair of the Alliance, following Walker and Matt Bannick, former President of Omidyar Network.

“The Alliance plays a critical role in building the scale and success of impact investing,” said Palfrey, President of the John D. and Catherine T. MacArthur Foundation. “To meet the challenges of our time, foundations must deploy resources across the full spectrum of capital, including grants, catalytic capital, and endowment investments that align with mission and values. I look forward to working with the Alliance to continue expanding the reach and effectiveness of impact investing toward a more equitable, inclusive, and sustainable world.”

The MacArthur Foundation has been a leader in impact investing for 40 years, committing more than $800 million to over 200 mission-driven funds and enterprises in that time. It also advances the field of impact investing through grants totaling $5 million annually, including support for the Alliance and other investor networks. MacArthur has been an anchor funder and key member of the Alliance since its inception.

Read the full press release.