A Cornerstone of the Cavendish Community
The idea of a Cavendish Impact Foundation emerged shortly after the launch of Cavendish Global, in 2013. The concept of building an ecosystem where impact investors could rally their resources to support conspicuous innovations and organizations required a multi-faceted approach to attracting and deploying capital, including a non-profit charitable foundation.
Drafted by founders J. Michael Moffat and Richard Lipkin, the Foundation would be a new entity in which philanthropic capital would be mobilized and deployed for direct investment in transformational ideas.
In 2017 the Foundation officially launched with an announcement at the February Cavendish Health Impact Forum in San Diego, California. Maintaining the original thesis of aggregating philanthropic capital for direct investment, coupled with a grants program and other impact-oriented funds, the Foundation partnered together with donor advised fund administrator, ImpactAssets.
Today, ImpactAssets hosts two Cavendish funds: the Cavendish Endowment Fund and the Cavendish Impact Fund. As the Foundation grows along with the entire Cavendish community, it continues to offer individuals and organizations the opportunity to collaborate in supporting conspicuous individuals, projects and organizations, through a unique philanthropic approach, impacting current innovations and laying the seeds to support future innovation.