According to the Council on Foundations–Commonfund Study of Investment of Endowments for Private and Community Foundations, Wallace Global Fund’s investment results have outperformed. Our decision to carve out a portion of our portfolio for innovative impact investments developed in partnerships with communities and beneficiaries, while accepting a fair return with modified risk, did not result in diminished financial returns. To the contrary, an investment approach that combines ESG integration with highly transformative impact investments can deliver excellent returns that can exceed the philanthropic payout standard of five percent.