Archive
A collection of 12 issues
A Twenty-Eighth Amendment Has Arrived
Active Asset Management Works. Just Not the Kind You're Paying For: The case for direct indexing at mission-driven institutions
If your nonprofit or foundation pays an active investment manager, you’re almost certainly paying for underperformance. That’s what two decades of data show. The SPIVA Scorecard, published by S&P Dow Jones Indices and widely regarded as the definitive benchmark of active versus passive performance, has tracked
"You Have Eyes That We Don't Have"
In the first episode of Quoin's flagship conversation series, Visions of the Future, Christina Herman shares a journey from scholarship to international activism to corporate engagement, highlighting the power of moral voice in global change.
Disruptive Philanthropy, Restorative Economics, and The IPS as a Tool for Change
The investment policy statement (known commonly as an “IPS”) is typically the driest, and most important, governance document in a foundation's toolkit. It's also the place where many families, foundations, and endowments limit their values-alignment. An IPS is simple in theory. It establishes, defines, constrains,
The foundation that turned its investment policy into a work of art
The Wikimedia Foundation's 2025 report is a quiet argument for knowledge as a public good
Riverside Church just divested from Vanguard. The reason matters more than the move
From Papal Bulls to Black Boxes: Pope Leo’s Apology Demands Reparative AI
When Pope Leo XIV apologized this week for the Catholic Church’s role in legitimizing slavery, he did more than name a “wound in Christian memory.” He acknowledged that the Church helped design an economic order built on African bondage. In the same encyclical, Magnifica Humanitas, he warns that artificial
A tribe is buying farmland to flood it — on purpose
The Stillaguamish Tribe in Washington State—forced off their land by a 150-year-old treaty, only federally recognized in 1976—has spent years working to counteract the environmental damage that has threatened the region's wetlands. Since the treaty, the land, converted to single-resource farms, had become
Where do we go from here?
Governing AI as an Intellectual Commons: A Reparative Political Economy for Shared Intelligence
"The central policy question is not only how to regulate AI, but who it belongs to, who it serves, and who has a right to benefit from it." Introduction: AI at a Crossroads Artificial intelligence is rapidly becoming part of the core infrastructure of the global economy, shaping