Upstart Co-Lab's founding partner Laura Callanan speaks with Penta senior writer Abby Schultz about the group’s initial impact investments in the creative economy through its member community of arts institutions, artists, and funders.

Abby Schultz
Senior Writer, Barron's Penta
Abby Schultz is a senior writer for Penta, a Barron’s Group publication for wealthy individuals and families covering wealth management and philanthropy, as well as trends in collecting and owning art and wine, among other luxury goods. She joined Barron’s in October 2014 as the Penta Wealth Management Editor for Barron’s Asia in Hong Kong.

Abby covered the credit markets and money management industry for Dow Jones newswires in New York before freelancing and consulting for several years mostly on personal finance and other business and financial topics. Before rejoining Dow Jones, she was an editor in Hong Kong at IFR Asia, a Thomson Reuters publication focused on the capital markets.
Laura Callanan
Founding Partner, Upstart Co-Lab
Laura Callanan is the founding partner of Upstart Co-Lab, disrupting how creativity is funded by connecting impact investing to the creative economy.

Laura was senior deputy chairman of the National Endowment for the Arts, leading all grant-making programs, operations, and research before launching Upstart Co-Lab in 2015.
As a consultant with McKinsey & Company’s Social Sector Office, Laura led work on social innovation, sustainable capitalism, and social impact assessment. She previously served as senior adviser at the United Nations Development Programme; executive director of the Prospect Hill Foundation; and associate director at the Rockefeller Foundation where, in addition to her responsibilities managing the endowment, she co-led the Foundation’s first impact investing efforts which included two investments in the creative economy: Smithsonian Folkways Records and netomat.

Laura is a board member and immediate past chair for GlobalGiving Foundation, a board member of Upriver Studios, and a member of the British Council Policy and Evidence Centre for the Creative Industries – International Council. She has been a visiting fellow at the Federal Reserve Bank of San Francisco, a scholar-in-residence at UC-Berkeley/Haas School of Business, a visiting scholar to the American Academy in Rome, the recipient of a Rockefeller Foundation Bellagio Fellowship, and an adjunct professor at the New York University’s Stern School of Business. Laura is a past advisor to Shift Capital, a past member of the board of Signature Theatre and the Corporation of Yaddo, and a founding investment committee member and audit committee member for the American Academy of Arts and Letters.

An expert on impact investing, philanthropy and the creative economy, Laura has been published and quoted in The New York Times, Financial Times, Fast Company, Monocle, Forbes, Barron’s, Stanford Social Innovation Review, Harvard Business Review, The Chronicle of Philanthropy, The Art Newspaper and elsewhere. She is a frequent speaker at social sector conferences including the Global Steering Group on Impact Investing, the Skoll World Forum, SOCAP, the Smithsonian Institution Power of Giving, Mission Investors Exchange, Independent Sector, Grantmakers in the Arts, Americans in the Arts, AtlanticLive and many others.

After graduating from Columbia University’s School of International and Public Affairs with a Master of Public Administration degree, Laura worked in public finance investment banking serving universities and other large endowed nonprofit organizations on behalf of JP Morgan and Lehman Brothers, and as associate treasurer for the Wallace Foundation. Laura’s undergraduate degree in theater is from Barnard College of Columbia University.

Laura is the literary executrix for the estate of playwright and novelist Romulus Linney.
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