Hello Members of the Impact Investing Community, We wanted to share with you some exciting news regarding advancing

the topic of impact investing within top MBA programs. On April 8th, the inaugural International Impact Investing Challenge will launch at J.P. Morgan’s headquarters in NYC. The challenge has invited students from twelve MBA program to propose novel investment vehicles that will be of interest to institutional investors. As a prominent voice in the impact investing community, we would like to invite you to be our guest at the final event. Starting at 2pm the four finalists will present their concepts. After the presentations there will be an awards reception, which will provide ample opportunity to connect with peers who are also passionate about advancing the field of impact investing. If you are interested in attending, please complete the RSVP link featured in the information on the reverse to ensure your admission into the facility. We really look forward to seeing you in NYC in April. Please do not hesitate to reach out to us with any questions or comments. To impact,

Jamie N. Jones, PhD Kellogg School of Management Northwestern University

Mark Milstein, PhD Center for Sustainable Global Enterprise Johnson Graduate School of Management Cornell University

Lead sponsor

Gold Sponsor

International Impact Investing Challenge: Innovative MBA Competition Marries Financial Investments and Sustainable Impact Upcoming competition hosted by Kellogg School of Management and Johnson Graduate School of Management challenges next generation investors on sustainable impact investing The Kellogg School of Management and Johnson Graduate School of Management invite you to attend the 2011 International Impact Investing Challenge on Friday, April 8 at the J. P. Morgan Headquarters at 383 Madison Avenue, New York, NY 10017. The Kellogg and Johnson Schools have invited 12 MBA programs to participate in the Challenge, and these teams will convene in New York City in April for a one-day competition at the J.P. Morgan headquarters. A panel of experienced investors and senior officers who currently manage family foundations, pension funds, and university endowments will review the teams’ pitches. Emphasis will be placed on creative strategies that integrate environmental, social or corporate governance (ESG) issues into the investment process, and more than $40,000 in prizes will be awarded to the winning teams. The International Impact Investing Challenge is sponsored by the Robert Wood Johnson Foundation, J.P. Morgan, the McCall Foundation, Equilibrium Capital Group, the Calvert Foundation, Impact Assets, and the Milken Institute. Program: 8:00 a.m. – 2:00 p.m.: Semi-final Presentations 2:00 p.m. – 6:30 p.m.: Final Presentations and Award Reception More Info:To attend the final presentation and reception, please register at https://spreadsheets.google.com/viewform?formkey=dEdMNWkxN1h5VVFQM GhCOTBrRjVpWHc6MQ. To obtain a press pass to the event or to schedule an interview, contact Betsy Berger at b-berger@kellogg.northwestern.edu. To learn more about the International Impact Investing Challenge, visit www.impactinvestingchallenge.org. For more information about the Kellogg School of Management, visit www.kellogg.northwestern.edu. For more information about the Johnson Graduate School of Management, visit www.johnson.cornell.edu.

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