BUSINESS + ECONOMY

Investing to make an impact in society, expert weighs in

Feb 24, 2023, 9:30 PM

savings system right on the money...

A study by Bankrate has found the average American needs to make $233,000 a year to feel financially comfortable. Photo: Getty Images

SALT LAKE CITY — Typically, when it comes to investing in the economy, two things usually happen. People are unsure of what they are doing, or they get distracted by the politics of it.

Jim Sorenson, co-founder of Sorenson Capital and the Sorenson Impact Center, joined Inside Sources with Boyd Matheson on Friday to help people understand how they can make an impact in society while investing in the economy.

Matheson asked, “…. how do we actually look at investing in a proper way and how do we look at making an impact in our community and around the world?”

Sorenson explains that his business is one of the only foundations that is 100% mission aligned.

“And by that, I mean that our investments in the corpus are invested consistent with the purposes or the mission of the foundation,” Sorenson said. “So, we’re investing in investments that generate a market rate return, but they address social issues and benefit society.”

Sorenson says his foundation also focuses on overlooked and underfunded sectors of social impact. He uses disability as an example.

“There are a billion and a half that have some form of disability in the world,” he said. “And there’s really some compelling investments that have disabilities to become more employed and be able to live better lives.”

Matheson asked, “What are some of the other areas that you’re looking at that may fall into that category of overlooked and underfunded and yet still a great opportunity?”

Investing in real estate

Sorenson points to “impact real estate” as another option.

“Right now, affordability in housing is really an issue all around the country,” Sorenson said. “Particularly here in Utah.”

He says his foundation has a fund that focuses on making investments but also addresses affordable housing, economic development and access to services. 

He uses the granary district in Salt Lake City as an example. Sorenson says that it’s often an overlooked area, despite it being at the “front door of the city.”

He says his foundation was able to bring that area back to life with a better environment and housing. 

Matheson asked, “What’s the one thing you wish people better understood about impact investing?”

“I think that’s it important that people understand that impact investing is really a spectrum unlike traditional investing that’s focused on market rate,” Sorenson said. 

 

Inside Sources with Boyd Matheson can be heard on weekdays from 1 p.m. to 3 p.m.

Read more:

We want to hear from you.

Have a story idea or tip? Send it to the KSL NewsRadio team here.

Business + Economy

Cookie Monster has taken to X to express his frustration over shrinking products, aka: "shrinkflati...

Bryan Mena

Even Cookie Monster is complaining about the US economy

“Me hate shrinkflation! Me cookies are getting smaller,” Cookie Monster posted on X. “Guess me going to have to eat double da cookies!”

11 hours ago

Thousands of pounds of Trader Joe's chicken soup dumplings have been recalled due to possible conta...

Jamie Gumbrecht, CNN

Trader Joe’s chicken soup dumplings recalled for possible contamination

The manufacturer, CJ Foods Manufacturing Beaumont Corporation, said customers found hard plastic in the dumplings. 

12 hours ago

JetBlue Airways is pulling out of its deal to purchase Spirit Airlines. United and Spirit airlines ...

Chris Isidore, CNN

JetBlue pulls out of deal to buy Spirit Airlines

JetBlue agreed to pay Spirit $69 million as part of its decision to end the deal, JetBlue said.

20 hours ago

Lake Powell as seen from Navajo Mountain. The Navajo Nation is asking why their request for funding...

Eric Cabrera

Navajo Nation left wondering why funding continually denied

The Navajo Nation is asking why their request for funding for a road has been denied for the last 15 years.

4 days ago

Now hiring sign...

PAUL WISEMAN AP Economics Writer

US economy grew solid 3.2% in fourth quarter, a slight downgrade from government’s initial estimate

Far from stumbling, the economy grew 2.5% for all of 2023, topping the 1.9% growth in 2022.

4 days ago

baby feet, utah postpartum retreat helps new moms...

Britt Johnson

Utah company aims to help postpartum moms with special retreats

The founder of Utah Postpartum Retreat said she thinks new moms are at high risk for developing postpartum mood disorders because they lack support.

4 days ago

Sponsored Articles

Mother and cute toddler child in a little fancy wooden cottage, reading a book, drinking tea and en...

Visit Bear Lake

How to find the best winter lodging in Bear Lake, Utah

Winter lodging in Bear Lake can be more limited than in the summer, but with some careful planning you can easily book your next winter trip.

Happy family in winter clothing at the ski resort, winter time, watching at mountains in front of t...

Visit Bear Lake

Ski more for less: Affordable ski resorts near Bear Lake, Utah

Plan your perfect ski getaway in Bear Lake this winter, with pristine slopes, affordable tickets, and breathtaking scenery.

front of the Butch Cassidy museum with a man in a cowboy hat standing in the doorway...

Bear Lake Convention and Visitors Bureau

Looking Back: The History of Bear Lake

The history of Bear Lake is full of fascinating stories. At over 250,000 years old, the lake has seen generations of people visit its shores.

silhouette of a family looking over a lake with a bird in the top corner flying...

Bear Lake Convention and Visitors Bureau

8 Fun Activities To Do in Bear Lake Without Getting in the Water

Bear Lake offers plenty of activities for the whole family to enjoy without having to get in the water. Catch 8 of our favorite activities.

Wellsville Mountains in the spring with a pond in the foreground...

Wasatch Property Management

Advantages of Renting Over Owning a Home

Renting allows you to enjoy luxury amenities and low maintenance without the long-term commitment and responsibilities of owning a home.

Clouds over a red rock vista in Hurricane, Utah...

Wasatch Property Management

Why Southern Utah is a Retirement Paradise

Retirement in southern Utah offers plenty of cultural and recreational opportunities. Find out all that this region has to offer.

Investing to make an impact in society, expert weighs in