TLDR:
- Kellogg Foundation’s $8 billion endowment is focused on mission-driven investments
- Marcy Ventures, co-founded by Jay-Z, received a $325 million investment from Kellogg
In a joint interview, Marcy’s Jay Brown emphasized social impact, while Kellogg’s president, La June Montgomery Tabron, highlighted programmatic alignment and impact measurement. Marcy Ventures focuses on job creation, wealth creation, and training programs for young professionals, with a portfolio that includes brands led by women and entrepreneurs of color. Kellogg’s mission investments have generated an 11% internal rate of return between 2017-2021. The foundation aims to shift its entire $8 billion portfolio towards mission investing to improve the lives of children and families.
