Got some extra money around you want to invest in Progressive companies? The New Progressive Coalition has put together a mutual fund of companies that are "working to address three pressing domestic challenges: energy independence and the environment, health care, and nonpartisan civic engagement and election-related issues."
More than 120 organizations from across the country applied to be included in NPC's first three "Political Mutual Funds." NPC used a proprietary Political Return on Investment methodology to analyze organizations and determine the success of their specific goals. The final holdings of each fund were then selected by NPC with guidance from leading issue-experts, according to the organization.
-- Jim Grinstead
OK, I'm a little confused here. When I go to the link it seems like they aren't actually investment tools, but "mutual funds" that donate to non-profits. "Tracking your investment" means seeing the success of the nonprofits and advocacy organizations you've donated to via the "fund."
Now, correct me if I'm wrong, but it's not an investment tool, it's a philanthropy tool. It sounds like a cool idea, but with words like "company," "mutual fund," and "investment" people might get the wrong idea.
Posted by: Tom | November 19, 2007 at 07:16 PM