Launched in 2006, AltruShare has a unique business model. The company provides brokerage services to investment managers, pension plans and foundations…but it donates the majority of its profits to low-income communities.
AltruShare calls itself a “Community Investment Enterprise”—a for-profit company owned by non-profit organizations that benefit low-income and underserved communities. A majority ownership in the company was given to The Tides Foundation in California and The Underdog Foundation in Vermont: two non-profits with extensive experience in community-based philanthropy and investment.
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