National Geographic Society Commits $50 Million of Endowment to Impact Investments: Creation of new impact investment program, managed by CA Capital Management, will accelerate the organization’s funding of research, exploration and education, inspiring solutions for the global good

The National Geographic Society today announced it is dedicating $50 million from its $1.2 billion endowment to impact investments, furthering its commitment to understanding our planet and generating solutions for a healthy, more sustainable future.

“Nonprofit institutions are increasingly seeking ways to develop and implement an impact investing program that aligns their philanthropic and investment goals,” says David Druley, chairman and CEO of Cambridge Associates. “The way in which the National Geographic Society is leveraging its growing endowment to further its mission sets a true example for how institutional investors can create even deeper societal impact on a global scale through endowment investing.”

The National Geographic Society is a mission-focused nonprofit organization that invests in bold people and transformative ideas. In the fall of 2015, the Society formalized a joint venture with 21st Century Fox, expanding the organization’s reach and impact and increasing its endowment to $1.2 billion.

“By investing in impact, we can further our commitment to pioneering innovation, which has been at the core of National Geographic since our inception in 1888,” added Jean Case, chairman of the National Geographic Society Board of Trustees. “Our ability to generate social and financial returns is one more way to help drive research, exploration and education, all geared toward increasing people’s understanding of the world.”

“We look forward to continuing to work closely with Gary and his team to identify the best impact investment opportunities through diligent manager selection and strategic program implementation to ensure success financially and socially for National Geographic for decades to come,” says Kristen Tongberg, outsourced chief investment officer of National Geographic Society and a member of CA Capital Management, Cambridge Associates’ outsourced chief investment officer (OCIO) business.

About Cambridge Associates

Cambridge Associates is a leading global investment firm helping endowments, foundations, pension plans, and private clients maximize their impact on the world by building custom investment portfolios aimed at generating outperformance across all asset classes. CA Capital Management, Cambridge Associates’ dedicated OCIO business, provides discretionary outsourcing services to institutions globally, and currently manages more than $20 billion in assets on behalf of more than 80 clients. The firm also provides traditional advisory services and access to research and tools across global asset classes. More than 1,300 employees are located in offices in Arlington, VA; New York; Boston; Dallas; Menlo Park and San Francisco, CA; Toronto; London, UK; Singapore; Sydney; and Beijing. For more information about Cambridge Associates, please visit

The client mandate referenced in this press release is not representative of all Cambridge Associates clients or advisory services. This press release has been made available for informational purposes only. It is not known whether the client approves or disapproves of Cambridge Associates or the advisory services provided.


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