The kind of diversity sought after at a hospital, an engineering firm or a Catholic university should differ according to the gifts necessary for the mission of such institutions.
At least $17 million has been transferred from the Vatican's U.S.-based missionary fundraising coffers into an impact investing vehicle run by a priest, the former head of the U.S. organization.
Why do banking crises keep happening? When depositors are protected, some banks cannot resist making risky loans. And paying fines for doing so has become a usual cost of doing business.