What KL Felicitas Foundation does

KL Felicitas Foundation is a private family foundation established in 2000 by Charly and Lisa Kleissner, domiciled in California and operating virtually with no full-time staff. Its mission is to enable social entrepreneurs and enterprises worldwide to develop and grow sustainably through an integrated impact investing strategy that deploys capital across five vehicles: Program Related Investments (PRIs), Thematic Investments, Sustainable Investments, Responsible Investments, and Corpus Impact First Investments. The foundation's $10 million portfolio has been 99.5% committed to impact investments since 2006, delivered a 2.75% annualized net financial return through December 2016, and outperformed an industry portfolio-weighted benchmark by 37 basis points.

The foundation's core technology consists of two impact measurement instruments: the IRIS taxonomy (adopted in 2010 from the Global Impact Investing Network) for standardized social and environmental performance reporting, and a proprietary KL Felicitas Impact Investment Evaluator form used to document investment alignment and identify relevant impact indicators. It tracks seven Core Impact Indicators — total clients, job creation, direct investments, new investment capital, contributed revenue, earned revenue, and net income — and applies a four-dimensional sustainability framework spanning economic, environmental, social, and spiritual outcomes. Portfolio investees contribute to 16 of the UN's Sustainable Development Goals across more than 30 holdings in microfinance, clean energy, healthcare, sustainable agriculture, and environmental restoration.

KL Felicitas operates as a non-profit foundation with no commercial pricing model: it does not charge fees for investment activities, does not accept unsolicited grant proposals, and generates returns solely through its impact investment portfolio. Its go-to-market is community-led and content-driven, relying on peer foundation networks (Toniic, Impact Peer Action Groups), conference speaking, founder media visibility in outlets such as Stanford Social Innovation Review and Financial Times, and open distribution of its Investment Evaluator tool and publications. Strategic partnerships with the Global Impact Investing Network, New Philanthropy Capital, Sonen Capital, Rockefeller Philanthropy Advisors, Dasra Social-Impact, and GSBI at Santa Clara University anchor its role as a methodology contributor in the impact investing ecosystem.

Name

KL Felicitas Foundation

Legal name

KL Felicitas Foundation

Website

https://klfelicitasfoundation.org

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

1–10 employees

Short description

KL Felicitas Foundation is a private family foundation operating a $10 million impact investment portfolio that deploys capital across five vehicles to support social enterprises in microfinance, clean energy, healthcare, sustainable agriculture, and environmental restoration globally.

Ownership category

akta.pro rank

Product category

Philanthropic Impact Investing Foundation

NAICS

Grantmaking Foundations (813211), Grantmaking and Giving Services (81321), Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro primary industry

Private Foundations (BPAGAKAA)

akta.pro secondary industries

Sustainable Private Markets (Impact PE/VC, Private Credit, Infrastructure) (FSAAALAG), International Grantmaking & Development Foundations (BPAGAKAH), SDG / Thematic Sustainable Investment Funds (FSANAJAN), Philanthropy & Foundations Advisory (Donor-Advised Funds, Endowments) (FSAAABAH)

Keywords

• Impact investing
• Social enterprise funding
• Philanthropic grants
• Sustainable investing
• Program related investments

Headquarters

HQ city

Pittsburgh

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D

Revenue model

1. Impact Investing Portfolio Returns: The foundation generates returns through a diversified portfolio of impact investments including Program Related Investments (PRIs), Thematic Investments, Sustainable Investments, Responsible Investments, and Corpus Impact First Investments. The $10 million portfolio delivered 2.75% annualized net financial return through Dec. 31, 2016, beating the industry benchmark by 37 basis points.
2. Grants: Grants are provided alongside impact investments to build capacity and strength of recipient enterprises. Grants are viewed as complementary to the overall impact investing strategy, often supporting early-stage social enterprises until breakeven or profitability.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

KL Felicitas Foundation is a private family foundation that deploys capital through an integrated impact investing strategy, including Program Related Investments (PRIs), Thematic Investments, Sustainable Investments, Responsible Investments, and Corpus Impact First Investments. The foundation's $10 million portfolio is 99.5% committed to impact investments, complemented by proactive grants to social enterprises addressing global challenges.

Product overview

KL Felicitas Foundation is a philanthropic organization that deploys capital through an integrated impact investing strategy. The foundation operates as a single unified approach combining multiple investment vehicles including Program Related Investments (PRIs), Thematic Investments, Sustainable Investments, Responsible Investments, and Corpus Impact First Investments. The foundation also provides the KL Felicitas Impact Investment Evaluator as a tool for documenting investment alignment. The foundation's $10 million portfolio is 99.5% committed to impact investments. Key publications include the Impact Investment Performance Report that analyzes portfolio returns and impact measurement using IRIS taxonomy and NPC's Impact Risk Classification framework.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• 99.5% of $10M portfolio committed to impact investments, delivering 2.75% annualized net financial return
• +4 more outcomes

Named customers6 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• New Philanthropy Capital (NPC)coreStrategic or Co-development Partner · 1 April 2018Co-published the 2018 report 'In Pursuit of Deep Impact and Market-Rate Returns: KL Felicitas Foundation's Journey' analyzing the foundation's impact investing portfolio and demonstrating NPC's Impact Risk Classification framework.
• Sonen CapitalcoreStrategic or Co-development Partner · 1 April 2018Co-published the 2018 impact investment report with NPC and KL Felicitas, providing financial analysis and demonstrating market-rate returns alongside social impact.
• National GeographicminorGTM or Marketing Partner · 1 January 2013KL Felicitas Foundation sponsored Fish 2.0, a sustainable seafood competition at Stanford University, with coverage in National Geographic.
• Global Impact Investing Network (GIIN)coreTechnology or Integration · 1 January 2010KL Felicitas has used the GIIN's IRIS taxonomy since 2010 for standardized impact measurement. The foundation was featured in a GIIN case study on using IRIS to measure impact (April 2011).
• ToniiccoreStrategic or Co-development PartnerA global action-oriented seed-stage impact investor network. KL Felicitas is an active member and the foundation is featured in the 2018 Rockefeller Foundation case study on Toniic's T100 Project documenting impact measurement practices.
• Social Impact InternationalcoreStrategic or Co-development PartnerA capacity building organization for scaling social enterprise, co-founded by the KL Felicitas founders. Provides programs including the Hawai'i Investment Ready Program and Investment Ready Program in Central and Eastern Europe.
• Dasra Social-ImpactcoreStrategic or Co-development PartnerKL Felicitas's pilot capacity building program for Social Enterprises in India, based in Mumbai. Supports social enterprises between seed stage and growth stage with targeted interventions.
• Global Social Benefit Incubator (GSBI)coreStrategic or Co-development PartnerLocated at Santa Clara University, CA, this program provides peer to peer learning, seed funding, access to business planning, mentoring, networking and investment capital for social enterprises.
• Rockefeller Philanthropy AdvisorscoreStrategic or Co-development PartnerKL Felicitas co-authored 'Solutions for Impact Investors: From Strategy to Implementation' monograph with Rockefeller Philanthropy Advisors in 2009, aiming to increase rigor in impact investment decisions.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Toniic: Global network of impact investors (individuals, family offices, foundations) that KL Felicitas actively participates in. Comparable as a peer-network platform for impact deal sharing, education, and co-investment among foundations and family offices.
• Heron Foundation: US private foundation that has committed 100% of its endowment to impact investments and advocates for mission-aligned investing. Closest direct peer to KL Felicitas given the all-in impact allocation philosophy and similar foundation structure.
• NoVo Foundation: Private family foundation active in impact investing and social enterprise support, with a global program footprint. Comparable in founder-driven structure and focus on deploying endowment capital alongside grants for social change.
• RSF Social Investment Fund: Social investment fund providing patient capital to social enterprises and a KL Felicitas portfolio holding. Directly comparable as a mission-aligned impact investor and fellow community member of the impact finance ecosystem.
• Acumen: Global impact investor providing patient capital and capacity building to early-stage social enterprises in Africa, South Asia, and Latin America. Directly comparable in providing PRIs and impact-first capital to enterprises serving low-income populations.
• Omidyar Network: Pioneering philanthropic investment firm founded by eBay's Pierre Omidyar that deploys both grants and impact investments into social enterprises. Directly comparable to KL Felicitas as a founder-led, mission-first vehicle combining impact investing with capacity-building advocacy.
• Skoll Foundation: Major social entrepreneurship foundation that invests in and partners with social enterprises globally. KL Felicitas's senior consultant Will Morgan previously worked at the Skoll Foundation, illustrating direct overlap in mission, deal type, and ecosystem.
• The Eleos Foundation: Small impact-investing-oriented family foundation engaged in similar blended-value investing discussions referenced by KL Felicitas's investment advisor. Closely comparable in size, structure, and strategy.

Broad incumbents

• The Rockefeller Foundation: Large US foundation with significant impact investing activity, which has featured KL Felicitas in case studies (Toniic T100 Project). Broader incumbent that overlaps in impact strategy and convening influence but operates at far greater scale.

Emerging players

• Sonen Capital: Impact investment advisor and asset manager co-authoring the 2018 KL Felicitas case study report and managing several sustainable/impact strategies held in the foundation's portfolio. Comparable as an emerging impact advisory specialist serving foundations and family offices.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xtwitter.com/@lisa_kleissner
• LinkedInlinkedin.com/company/the-kl-felicitas-foundation

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about KL Felicitas Foundation