Skip to main content

The Saint Paul & Minnesota Foundation is the first community foundation in the United States to join the world’s leading responsible investment proponent.

The Saint Paul & Minnesota Foundation (the Foundation) announced today that it has become a signatory to the United Nations-supported Principles for Responsible Investment (PRI) by becoming the first United States-based community foundation to do so. The PRI is an international network of more than 4,600 signatories from more than 50 countries representing more than $121 trillion of assets under management as of December 31, 2021.

“Becoming a PRI signatory is a way to demonstrate our commitment to responsible investing,” said Shannon O’Leary, the Foundation’s chief investment officer. “We have been working with PRI for several years and have found their approach highly collaborative. The network of signatories also provides us with many opportunities to engage with like-minded investors, such as the Minnesota State Board of Investment, for ongoing collaboration relating to responsible investing practices.”

O’Leary said that the commitment to PRI does not represent a new approach to investing for the Foundation. “Our board-approved investment policy statement, adopted in 2020, codified our commitment to the socially responsible investing practices advocated by PRI,” said O’Leary. “Importantly, we continue to see ongoing correlation between the adoption of responsible investing practices and superior financial returns. The Foundation investment staff has found that unaddressed environmental, sustainability and governance matters, as well as unaddressed diversity, equity and inclusion issues with investment managers, portfolios, and underlying portfolio companies can all have a material impact on financial returns.”

O’Leary added that PRI’s mission statement, and its six core socially responsible investing principles, align well with the Foundation’s community-focused aspiration and purpose. “We will continue to actively engage our asset managers and use our investment dollars as a tool for change in the investment industry. Partnering with PRI will further advance our efforts to encourage greater diversity, equity and inclusion within the investment industry.”

“We are very pleased to welcome the Saint Paul & Minnesota Foundation as the first United States‐based community foundation to sign up to the PRI,” said David Atkin, CEO. “A collaborative approach, with representation from organizations across the investment landscape, is vital to addressing systemic environmental, social and corporate governance issues in the long term. We look forward to working with the Foundation team."

More Stories

Foundation Announces New Board Members

Join us in welcoming Nausheena Hussain, Richard Senese, Ph.D., and Bo Thao-Urabe to our board of directors.

View the news

Art In This Present Moment Grants Announced

Funding recognizes Minnesota’s Black, Indigenous and people of color artists and their work created at the intersection of cultural art and activism.

Read the News

Residents Share Perceptions of Living in Saint Paul & the East Metro

The third volume of the East Metro Pulse collects responses from more than 3,100 residents on the health and vitality of Dakota, Ramsey and Washington counties.

Read the News

Foundations Announce More Than $7 Million in Community Grants

The Saint Paul & Minnesota Foundation, F. R. Bigelow Foundation and the Mardag Foundation today announced that they have awarded more than $7 million to Minnesota nonprofits through their latest round of grants.

Read the News

Foundation Welcomes Anil Hurkadli as Senior Vice President of Community Impact

Anil, an experienced educator, nonprofit executive and community connector, brings deep racial and economic equity commitment to his new role.

Read the News

Foundation Announces Executive Promotion of Nadege Souvenir

Nadege Souvenir assumes new role as chief operating officer at Minnesota’s largest community foundation.

Read the News

Foundation Announces New Board Members Beginning in 2022

The Foundation announced the election of four new members to its board of directors, beginning their terms in 2022.

View the news

Foundation Welcomes Casey Shultz as Director of Investor Relations

The Foundation today announced that Casey Shultz has joined the organization as Director of Investor Relations.

Read the News



* Indicates a required field