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ImpactPHL Perspectives, Volume 13: What Does Fly Fishing have to do with Leadership in Impact Philanthropy


About ImpactPHL Perspectives:

If you are curious about pursuing financial returns while influencing the positive growth of Greater Philadelphia and the world at large, then welcome to the conversation. ImpactPHL Perspectives is a multi-part series which explores the many facets of the impact economy in Greater Philadelphia from the perspectives of its doers, movers, shakers, and agents of change. Each volume is written directly by a leader in this space, to discuss best practices and share lessons learned, while challenging our assumptions about the returns - financial and societal - on engagement in the impact economy. For more of ImpactPHL Perspectives, check out the ImpactPHL Blog.


By Alexis McCarthy, Managing Director of Triskeles Foundation

How many of you are aware of the characteristics that make someone good at fly fishing? Well, according to a variety of sources on the subject the following holds true: patience, a willingness to learn, respect, adaptability, creativity, self-confidence, determination, and generosity.

Clemens Pietzner loves fly fishing, here in the local waterways of Chester County or farther afield in the roaring waters of Colorado, Utah or Montana. What does fly fishing have to do with telling an “impact story” based right here in the Philadelphia region? Well, fly fishing and impact philanthropy are part of what makes Clemens who he is and why he is an impact icon in the area.

“A movement is afoot that represents a significant opportunity for businesses and markets to drive social value."

This story begins in 2002 in the western suburbs of Philadelphia. Clemens and a small group of colleagues saw the need to create a conscious and sustainable world through engaged philanthropy and had the vision to align practice with purpose – at the individual level, in the community, and on a global scale. As Clemens says, “fly fishers have to align their skill with the flow of the river, the fish, the temperature, the insect life and the ever-changing elements of nature, not unlike the conscious effort to harmonize oneself with one’s community, one’s locality and the world.”

To put these concepts into practice, he created a nonprofit organization that combined the flexible, simple structure of a Donor Advised Fund and paired it with individuals’ deeply held values and created one of the few organizations at the time, and even now, that provides a full impact philanthropic experience. Through the Triskeles Foundation, Clemens and his colleagues went against the grain of standard practices at the time and offered a better, deeper, more aligned and personally impactful ways of combining investing and giving simultaneously. Clemens is one of the original, determined impact pioneers in the region, in good company with his friends and colleagues: Judy Wicks, Laura Kind McKenna, Jay Coen Gilbert, Bart Houlahan, Elizabeth Killough and now many others.

Founded in 2002  by Clemens the Triskeles Foundation is a way to put into practice three contemporary and ageless themes that serve as the inspirational and motivational content for the Foundation’s work. Triskeles develops a positive future for all, engages in and understands the dynamic between our human individuality and our community(ies) and finally, brings consciousness to the deeper aspects of money, its nature, flow and how our intentions and motivations influence it.

“Impact Investing represents $22.8 Trillion in assets or 1 in every 4 $’s invested.”

Clemens demonstrates determination, creativity, and self-confidence to come up with a nontraditional idea and put it into practice at a time when these concepts were foreign to many and unacceptable to many others. Let’s remember the time when all of this was taking place. Impact investing was a concept known by a few and practiced by even fewer. To set the context here is a brief and incomplete timeline of activities and principles leading up to the 2002 launch of the double impact donor-advised fund approach practiced by the Triskeles Foundation:

  • 1889 PHILADELPHIA BASED QUAKER FRIENDS FIDUCIARY- FOUNDED AND INTRODUCES A NO WEAPONS, ALCOHOL, TOBACCO INVESTMENT POLICY

  • 1990 DOMINI CREATED THE SOCIAL INDEX NOW MSCI KLD 400

  • 1993 DIVESTMENT FROM SOUTH AFRICA

  • 2000 CALPERS COMMITS TO 15 YEAR GOAL OF 100% INTEGRATION OF CONSIDERATION OF SUSTAINABILITY  

  • FAST FORWARD to NOW: IMPACT INVESTING REPRESENTS $22.8 TRILLION IN ASSETS or 1 IN EVERY 4 $’S INVESTED

October 2015, Sean Greene, Entrepreneur in Residence at the Case Foundation wrote in the preface to A Short Guide To Impact Investing, “A movement is afoot that represents a significant opportunity for businesses and markets to drive social value. By allocating assets toward products, services, and companies that generate positive social impact, the movement toward “impact investing” has the potential to create real value for investors and society.

Clemens has done more than come up with a visionary model for an impact philanthropy approach that has given away millions of dollars to hundreds of organizations since its start. Through creating the Triskeles Foundation, he has also co-created a hub here in the Philadelphia region where likeminded individuals and ventures convene around ideas and actions. Individuals and organizations from the local area, as well as those from across the country and the globe,  work together to invest, fund and create ways to have a positive impact while investing, gathering returns and channeling philanthropy in meaningful ways. Examples of this approach abound from local, and non-locally based individuals, families, the small company giving circles and nonprofits investing in best in class ESG/SRI mutual funds all the way to investments in socially responsible companies using the philanthropic dollars from their donor-advised funds. Here we see a willingness to learn, respect for other’s ideas and a place for constant adaptation to new and better practices.

"Clemens and his colleagues went against the grain of standard practices at the time and offered a better, deeper, more aligned and personally impactful ways of combining investing and giving simultaneously."

An example of adaptation is Triskeles Foundation’s approach that celebrates a “philanthropy for all “in place of the older model where philanthropy was viewed as reserved for just those with extraordinary wealth. Through a donor advised fund like Triskeles’, everyone is encouraged to participate in the process; families and young children can begin to learn about and participate in this exciting world of impact philanthropy. Minimums are low, and so barriers to entry are as well. “This is not your parent’s philanthropy.” Triskeles is where the democratization of philanthropy is thriving, a message that resonates deeply with the millennial generation.

Back to the connection between fly fishing and leadership in impact philanthropy. It looks like we have come full circle. Remember some of those characteristics mentioned at the start of the article?  According to the World Fishing Network, “there is a saying that 10% of anglers catch 90% of the fish ….. They seem to have an unnatural ability to find and catch fish and can outfish everyone else with ease.  They are the masters of their craft. Some gain fame and celebrity while many are relatively unknown outside of their local waters.”

Let’s do our part to recognize and lift up the leaders like Clemens and others cited in this article and beyond, that while building socially responsible businesses and nonprofits have demonstrated the characteristics of patience, a willingness to learn, respect, adaptability, creativity and most notably, generosity. They make the region a better place for all of us. Without leaders like these in our community, our mission would be that much harder. Let’s pass along our gratitude and celebrate these leaders in our midst.


Alexis McCarthy is Managing Director at Triskeles Foundation where she helps philanthropists and new givers align their social and environmental values with their giving through Double Impact Donor Advised Funds. Alexis also works to guide nonprofits in their mission aligned investments through Triskeles Foundation. Before joining Triskeles Foundation, Alexis held positions in the art world and finance at Christie’s and Morgan Stanley. She serves on the board of the Brown University Sports Foundation and was a past member of the board of the Baldwin School, along with volunteering locally for an organization that helps adults with developmental differences. She lives in the Philadelphia area with her husband, three children, two dogs, two cats, and four chickens.