The Evolution of Wallace Global Fund’s Endowment

Kristin Lang, Christi Electris, Joshua Humphreys

November 2016

This case study provides an in-depth look at Wallace Global Fund, a private foundation that has been gradually shifting 100 percent of its endowment into investments that support its mission. The paper focuses in particular on the Fund’s fossil free investment strategy, examples of its high impact private investments, and its criteria for ESG investing.