MacArthur Foundation raises impact mandate to $750 million, up 50%

The MacArthur Foundation raised a mandate to its "impact banker" to $750 million, an increase of 50%, ImpactAlpha reported on October 8.

The report puts the foundation's assets at $10 billion, making the new mandate equal to 7.5% of that figure.

A 50% increase from the prior mandate implies an earlier commitment of about $500 million, although the report does not state the prior amount.