A recent Luminarias Series webinar featuring Dr. Jason Jay, Director of the Sustainability Initiative at MIT Sloan School of Management, explored systemic investing. This model deploys capital across various solutions and asset classes, including philanthropy, aiming to transform the financial investment industry. Systemic investing initiatives such as ReFED represent “a new form of impact investing driven by five forms of capital – financial, intellectual, human, social, and spiritual – all focused on sparking multiple, simultaneous shifts throughout a system.” Dr. Jay positions systemic investing at the forefront of impact investing. It transcends the effectiveness of singular investments by deploying capital from various sources into systemic interventions in a concurrent, coherent, and adaptive manner. This approach heralds a new frontier for philanthropy, where philanthropic organizations and donors move beyond isolated support to a managed system that utilizes the full spectrum of philanthropic capital as a strategic and adaptable backbone resource to enhance and complement financial investments.