Impact Assets

ImpactAssets is a nonprofit donor-advised fund sponsor and direct investor, not a family office. It is a subsidiary of Calvert Impact, a registered 501(c)(3), and operates the ImpactAssets Donor Advised Fund through which accredited donors recommend allocations to private impact funds, direct deals, and recoverable grants. The firm does not manage a single family's wealth.

Most commercial DAF sponsors limit grant recommendations to publicly traded securities or cash equivalents. ImpactAssets specifically enables donor-recommended allocations into private impact funds, direct private company investments, and recoverable grants — asset classes that require sophisticated structuring typically unavailable in standard DAF programs. This includes private debt for community development financial institutions, equity in Series-stage climate tech funds, and infrastructure projects in emerging markets.

ImpactAssets publishes the IA 50, a free, publicly available database listing 50 experienced private impact fund managers globally each year. The list is not a solicitation vehicle for the DAF but serves as a market-building effort and research resource. Many managers on the IA 50 have received capital from ImpactAssets' donor-advised fund, but the firm maintains that the selection process is independent of fundraising relationships (per the firm's official communications).

The ImpactAssets Donor Advised Fund makes both direct impact investments and fund commitments, decided by the firm's in-house investment team led by CEO and CIO Margret Trilli, subject to donor recommendations. The platform commonly participates in direct community-level lending, affordable housing developments, and climate infrastructure co-investments alongside fund-of-fund allocations.

ImpactAssets operates from six offices across the United States and one each in the United Kingdom and Singapore. The investment team sources deals globally, with known concentrations in North American community development finance, East African sustainable agriculture, and South Asian microfinance and clean energy funds (per ImpactAlpha, 2024).

Yes. ImpactAssets is a subsidiary of Calvert Impact, and it also operates the ImpactAssets Giving Fund. These share the same overarching nonprofit mission but the firm manages distinct legal entities to separate its charitable giving vehicles from the operations of the donor-advised fund and its investment process.

No. Capital comes from a broad base of individual and institutional donors who establish donor-advised fund accounts at ImpactAssets. There is no single underlying family wealth source. The firm aggregates thousands of donor accounts to build the deployment pool for private impact investments.