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Crowdfunding for Social Good

Devin D. Thorpe

Devin Thorpe

Monthly Archives: June 2017

Jessie Smith Noyes Foundation Selects Threshold Group as Investment Advisor

Press Release – NEW YORK, NY— (May 31, 2017) — The Jessie Smith Noyes Foundation, a pioneer in the field of investing for social justice, announces the selection of Threshold Group as its investment advisor as the result of its recent open call for letters of interest (LOI). Threshold Group will work with Noyes to demonstrate how capital can drive positive social and environmental change by advancing the Foundation’s impact investing and mission-aligned investing strategies for its $55 million endowment. Through its role as an investor, Noyes aims to drive systemic impact in the areas of social justice, equality, human rights, health, and diversity.

“We were pleased to see 35 responses that presented Noyes with several partnerships, business models and investment strategies that could help us maximize our endowment’s impact to bring about a more just, equitable and sustainable world while providing attractive financial returns,” said Steven Godeke, Board Chair of the Jessie Smith Noyes Foundation. “The submissions represented a range of approaches from ESG integration to deep impact investment advisory. The results of this search confirmed our belief that, over the past 25 years since the Noyes began this journey, the partners and resources available to mission-aligned investors have increased dramatically.”

In response to the evolution of sustainable, responsible and impact investment, the Noyes Foundation is revisiting its endowment’s investment strategy to move beyond mission alignment. With the announcement of the engagement with Threshold Group, Noyes seeks opportunities to expand its social justice impacts by harnessing the power of public and private markets.

“We look forward to partnering with Threshold Group to increase the social justice impact of Noyes’ endowment with disciplined, objective portfolio management,” said Lenora Suki, Chair of the Finance Committee. “We are enthusiastic to work with Threshold’s team for their experience, knowledge and values alignment. Noyes looks forward to advancing our, and the industry’s, understanding of the intersection of social justice and investing, as well as working with Threshold’s impact investment research and impact measurement tools and reporting.”

Noyes will share key takeaways from its search process in a forthcoming white paper. The white paper aims to contribute to industry dialogue on impact investment advisor searches, including lessons learned on the current state of the investment advisor community’s integration of social and environmental impact into the investment process across asset classes and strategies.

Threshold Group, headquartered in Seattle, is a Registered Investment Advisor with approximately $3.2 billion of assets under management (AUM) with roughly $1.2 billion allocated to impact investments.

About Jessie Smith Noyes Foundation

The Jessie Smith Noyes Foundation was established in 1947 by Charles F. Noyes as a memorial to his wife, Jessie Smith Noyes. The Foundation’s mission is to support grassroots organizations and movements in the United States working to change environmental, social, economic and political conditions to bring about a more just, equitable and sustainable world.

It envisions a socially just and environmentally sustainable society in which all people are able to gain the knowledge and build the power they need to exercise their rights and participate fully in the economic, social and political decisions that affect their lives and communities.

Kool Smiles’ 3rd Annual “Sharing Smiles Day” Brings Dental Care to Hundreds of Children Without Insurance Coverage

Press Release – ATLANTA (May 31, 2017) – More than 500 children received needed dental treatments at no cost during Sharing Smiles Day, a national day of free dental care hosted by Kool Smiles on Sunday, May 21.

“We began Sharing Smiles Day in 2015 as a way to bridge the access gap for children without dental insurance coverage,” said Dr. Dale Mayfield, Chief Dental Officer for Kool Smiles. “Kool Smiles is proud to provide dental care to families with various forms of insurance, including Medicaid, but we also recognize there are many children in our communities who do not have adequate dental insurance coverage and whose families cannot afford regular trips to the dentist. This free care day is one of the ways Kool Smiles doctors and staff work to ensure every child has access to high-quality dental care.”

This year’s Sharing Smiles Day event involved the volunteer efforts of more than 700 Kool Smiles dentists and team members who hosted free dental care days at 43 dental offices in 12 states.

Free dental treatments included dental exams, emergency care, extractions, and necessary restorative care. Treatments were provided on a first-come, first-served basis and treatments were determined by the dentists after consultation with the child’s parent.

“We had a great turnout this year. Our team members had a great day of providing much needed dental care to children in the El Paso community,” said Dr. Andre Singleton, Area Dental Director for the Kool Smiles dental office in El Paso, TX, where volunteer dentists and staff saw 49 patients throughout the course of the day.

“It’s an incredibly rewarding experience to help children in our community get the care they need,” said Dr. D Ray Gifford, Managing Dental Director at Kool Smiles. “We had so many children come in with pain from untreated tooth decay. When they left, we made sure the pain was gone and there were smiles on their faces. We also took the opportunity to talk with children and their parents about the importance of daily brushing, flossing and good nutrition for a happy, healthy smile.”

Tooth decay is the most common chronic disease among U.S. children and access to dental care is one of the nation’s greatest unmet health needs, according to a 2016 Pew Charitable Trusts report. A recent national survey conducted by the Benevis Foundation and the Children’s Dental Health Project found that children without dental insurance were twice as likely as insured kids to have had a recent toothache or other dental problem that affected their ability to eat, sleep or concentrate in school.

Sharing Smiles Day is sponsored by the Benevis Foundation.

About Kool Smiles

Kool Smiles is dedicated to creating a world of happy, healthy smiles. As a leading dental health provider, Kool Smiles’ mission is to improve lives by providing high quality dental care in a fun, compassionate environment. Kool Smiles dentists are proud to offer care to kids and adults with almost any insurance plan, including State Children’s Health Insurance Programs (SCHIP), Medicaid and Tricare. Kool Smiles also provides oral health education programs through partnerships with community schools and organizations. For more information, please visit www.mykoolsmiles.com.

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