The Heron Foundation and TILT Investments Announce USCII’s “Next Chapter”

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TILT acquires USCII while Heron retains key role

NEW YORK, September 29, 2022 /PRNewswire/ — The Heron Foundation today announced its partnership with TILT investments on a strategic repositioning of the US Community Investing Index (USCII), with the stated goal of allowing the USCII to continue its growth, development and successful application in the years to come. Under the agreement, TILT will acquire all intellectual property rights related to the USCII and its methodology, including responsibility for obtaining all necessary source data. Heron will continue to play a major role in USCII’s future, taking a 20% founder’s share and a seat on the company’s board of directors.

Developed in 2005, USC II is an index of publicly traded companies designed to identify those that contribute positively to the communities in which they source, operate and sell. Heron and its research partners have continually refined the USCII methodology to tap into new data sources and better identify companies net contributors to society based on their approach to human, natural, civic and economic capital.

“The USCII is a central part of Heron’s history and work, helping our foundation fulfill its mission of helping people and communities help themselves,” said Dana K. Bezerra, president of Heron. “Our commitment to this mission is unwavering and is central to our decision to pursue this next chapter for USCII. We are thrilled to have a partner in TILT who is ready to build on USCII’s demonstrated success, enabling it to grow even for the benefit of its users, and we’re excited to have a seat at the table for this next chapter in USCII’s growth.”

At Heron, the USCII was overseen by an advisory board of professionals in relevant fields, including, but not limited to, sustainable investing, philanthropy, and social data. TILT expects to maintain the core qualities of the index: diversification (holding 230-250 issues), a commitment to multi-capital factors (net contribution), and a focus on community well-being. (emphasis on returns to human and civic capital).

“We are honored to partner with Heron to advance investment aligned with our mission in the United States and globally. We welcome continued collaboration with Heron and other investors looking to go beyond the scope of ESG investing to achieve non-financial returns alongside financial returns. said Tim Ferguson, CEO of TILT. “The USCII provides us with a powerful benchmark for developing custom solutions for investors who want to explore multi-capital investing in the public equity markets.”

Luther M. Ragin Jr. is the former Vice President of Investments for the Heron Foundation who played a key role in the design and launch of the original USCII. According to Ragin, “The partnership provides an opportunity to increase the volume of invested assets with a focus on community impact and potentially increases the ability of investors to influence corporate engagement in communities for the better.”

About the Heron Foundation:

Founded in 1992, Heron’s mission is to help people and communities help themselves. The foundation works with a diverse set of investment strategies focused on promoting innovations and economic practices that lead to long-term opportunity and prosperity for all. Internally, investment and grantmaking operations are combined to foster a stronger multi-capital approach and better alignment of the mission of its communities practice and endowment management.

About TILT:

TILT is an SEC-registered investment adviser created to assist clients seeking financial and non-financial returns. TILT has partnered with Heron for several years to develop a multiparty investment philosophy and multiparty investment process. We work with our clients to invest their financial capital across multiple asset classes to align their investment returns with their unique goals and constraints.

If you would like information about USCII or TILT, please contact [email protected]

Media contacts:
Kairyn Rainer, TILT Investments
E-mail: [email protected]; Phone: (781) 248-4381

Britt FouldsIntersect public solutions
E-mail: [email protected]; Phone: (203) 300-9399

SOURCE Heron

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