The California Endowment is seeking an Impact Manager to join the Impact Investment team.  This is a hybrid role and candidates are expected to report to either the Oakland or Los Angeles office two days a week (or more as needed).

Position Summary

In November 2023 The Endowment’s board voted to align all of its investment assets with its mission and values and is beginning the transitioning process. Read more about this decision here:  https://www.calendow.org/all-in-announcement/.

The Endowment will consider its mission and values alongside more traditional investment parameters in making all of its investment decisions. To guide this work, The Endowment is in the process of developing an Impact Investment Framework that will be utilized alongside its investment decision making process to evaluate investments and measure its progress over time.

The Impact Manager will play a leading role in helping The Endowment amplify its impact across its investment assets. Key responsibilities will include managing and operationalizing the implementation of the Impact Investment Framework across the entire organization’s investment activities (Impact Investing and the Investments Office) and ongoing field engagement and collaboration to both learn from and share with the field. This role must demonstrate a deep commitment to moving capital towards good, an ability to lead collaboration and project management horizontally and vertically, and experience measuring and managing impact across a range of investment asset classes.

This position reports to the Managing Director, Impact Investing.

Position Duties and Responsibilities

  • Steward the Impact Investment Framework’s development, implementation and ongoing refinement to ensure alignment with TCE’s mission and values, across The Endowment’s Impact Investing and Investments teams.
  • Own the design and implementation of impact management systems and processes for all of TCE’s investment activities, ensuring consistent integration of impact into investment decision-making and processes.
  • Work closely across TCE teams and investment partners on impact data collection and quantitative and qualitative data aggregation, analysis, synthesis and reporting.
  • Serve as a thought partner and resource for TCE partners and investees on impact management and measurement.
  • Lead TCE’s impact investment communication efforts through partnering with TCE’s internal communications team and external communication consultants and through producing reports, presentations, articles and other content that share our Impact Investing work, metrics and learnings with field.
  • Represent TCE in the impact investing measurement and management field through collaboration and leadership with industry-wide effort to advance impact measurement and monitoring in the field and through participation at industry events and conferences.
  • Lead and support special projects as needed by the Impact Investing Team.
  • Deepen TCE’s commitment to advancing racial equity through its investment activities.
  • Support effective reporting and partnership with the board regarding TCE’s impact and progress.


  • Deep commitment to TCE’s mission and values and using capital to advance impact and racial equity.
  • Expertise in impact management and measurement within the asset management industry and experience in operationalizing key impact frameworks and standards in the field.
  • Familiarity with capital markets, impact investing and/or community development, with a preference for candidates with demonstrated knowledge of investments spanning the capital spectrum.
  • A strategic thinker that can connect data and insights to strategies for how TCE can deepen its impact measurement and management practice.
  • Demonstrated experience in analyzing and presenting data and metrics.
  • Ability to collaborate and manage projects effectively across multiple departments and organizations to drive results; demonstrated ability to cultivate strong relationships with internal teams, external investees/borrowers and co-investors.
  • Strong writer and communicator that can represent TCE externally and produce communications and reporting content that shares TCE’s impact investment work and progress.
  • Results and detail oriented; demonstrated ability to establish and achieve goals.
  • Thrives in an entrepreneurial role where there may be ambiguity but also an opportunity to drive out-sized impact in the field.
  • Familiarity with philanthropic sector.
  • Ability to travel and work independently as a team partner.

Minimum Education

  • Undergraduate degree in business or related discipline or equivalent experience.
  • 7+ years of relevant work experience which could include research, measurement and evaluation, consulting and/or investing.
  • 1-2 years experience in impact measurement for impact investing preferred.

Salary Range:

Target hiring range: $140,000.00 – $175,000.00

Full position range: $140,000.00 – $210,000.00

TCE Benefits and Perks: 

  • Shared medical and dental premiums for employees and eligible dependents
  • 100% employer-paid benefits: vision, life and AD&D, STD, LTD and employee assistance program
  • Health Care and Dependent Care Flexible Spending Accounts
  • Reimbursement towards gym fees and/or wellness program and mental health care
  • 9-80 schedule with synchronized off days
  • Hybrid work schedule available for most positions
  • 11 paid holidays + paid winter holiday closure
  • Generous paid time off (PTO)
  • 401k plan with generous employer match and contributions
  • Matching gifts program
  • Paid parking or public transportation subsidy
  • Professional development and training opportunities
  • Tuition Reimbursement Program
  • Monthly BYOD stipend

The California Endowment’s goal is to hire qualified staff reflecting the rich diversity of all Californians.  We are proud to be an equal opportunity employer committed to advancing health and racial equity in California.  We are committed to creating a work environment in which all individuals are valued and respected.  We encourage applicants from diverse backgrounds. We define diversity in broad terms to include race, ethnicity, age, gender, religion, sexual orientation, gender identity and expression, disability, geography, socio-economic status, and prior criminal history, in accordance with local, state and/or federal laws.

If you need a reasonable accommodation to search for a job opening, apply for a position, or participate in the interview process, please connect with us at hrforms@calendow.org and describe the specific accommodation request for a disability-related limitation.

Tagged as: evaluation, finance, impact, impact investment, investment

About The California Endowment

Who We Are:

The California Endowment is a private, statewide health foundation established in 1996 whose mission is to expand access to affordable, quality health care for underserved individuals and communities, and to promote fundamental improvements in the health status of all Californians.  We’re changing the narrative around health to ensure health and justice for all. Each day we, along with our community partners, seek ways to improve the state of health in California.

Headquartered in downtown Los Angeles, we have regional offices in Sacramento, Oakland, Fresno, and San Diego, with program staff working throughout the state. We challenge the conventional wisdom that medical settings and individual choices are solely responsible for people’s health. We believe that building the voice, agency and power of Californians to improve conditions in their communities and reverse the historical and structural impacts of inequity will lead to lasting improvements in health.


  • We believe every Californian deserves health, wellness, and justice.
  • We believe those who are most impacted by health inequities are best positioned to lead in the solutions.
  • We are committed to diversity, inclusion, mutual respect and transparency.
  • We value youth leadership and champion marginalized voices.
  • We recognize the impact of trauma on both individual and community health outcomes.
  • We value learning through action.
  • We embrace strategies aimed at building power in communities of color and marginalized communities.

Just as our values drive our work outside of the foundation, our Code of Ethics drives how we conduct ourselves inside the foundation, with the goal of creating a healthy, productive workplace. For more information on The Endowment, please visit www.calendow.org.