Director, Mercy Partnership Fund

Reports to:

Vice President of Social Responsibility

Department:
Social Responsibility

Employment:
Full-Time

FLSA Status:
Exempt

Launched in February 2010, Mercy Investment Services provides for the collective investment and professional management of the endowment and other investment funds of the Sisters of Mercy of the Americas and their sponsored ministries, while working for a just and sustainable world and embraces socially responsible investing as a means of promoting systemic change, with emphasis in the areas of nonviolence, racism, environment, concern for women, and immigration.

Our multifaceted socially responsible investing program includes shareholder advocacy engagement with companies, proxy voting, portfolio screening and impact investing (both community and market-rate investments). More information is available cyinvestmentservices.org.

Mercy Partnership Fund, the global community investing program of Mercy Investment Services, invests in mission-driven organizations and funds, with a focus on those that are working to alleviate poverty and protect the environment. These community investments are expected to preserve capital while earning less than market returns in exchange for their high social impact. Community investing has been a hallmark of the Sisters of Mercy since the 1970s.

In 1995, the community investing program was renamed Mercy Partnership Fund, honoring the fund’s emphasis on collaborating with organizations to direct low-cost capital to people and communities around the world. Since its incorporation into Mercy Investment Services in 2010, the fund has continued to grow and expand the impact of its below market-rate investments in mission-driven organizations addressing affordable housing;

financial inclusion; education; business, cooperative and nonprofit financing; community facilities; environmental sustainability; health care; healthy food; and sustainable agriculture. Today, Mercy Partnership Fund invests in more than 75 mission-driven organizations that deploy capital across 50 U.S. states and more than 70 countries, benefiting more than 96 million individuals around the world.

The Director is responsible for the management of Mercy Partnership Fund, including identifying investees; structuring, closing and monitoring investments (financial, social and environmental impacts); establishing effective relationships with multiple stakeholders; and supporting Mercy Investment Services in deploying its social impact capital in innovative ways that address the Critical Concerns of the Sisters of Mercy.

• Directs and manages Mercy Partnership Fund as guided by the Mercy Investment Services Social Responsibility Philosophy and Policy Statement and the Mercy Partnership Fund Operating Guidelines, and facilitates the work of the Mercy Partnership Fund Subcommittee responsible for governance oversight of the program.
• Prepares and presents an annual Mercy Partnership Fund plan, including an allocation plan to assure appropriate fund diversification and fund strategies for approval by the Mercy Partnership Fund Subcommittee and Social Responsibility Committee.
• Oversees the annual investee impact survey process and the creation of the Mercy Partnership Fund annual impact report. Improves the survey and reporting process periodically according to impact measurement and management best practices. Supervises the Impact and Loan Administration Manager to ensure effective administration of the Mercy Partnership Fund.
• Provides social and environmental impact and financial analyses and recommendations (including terms and conditions) for new and renewal investment proposals for governance review and approval as…