Bayes Impact philanthropic seed round

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Bayes Impact philanthropic seed round

We invested our resources to go after longer-term, larger-impact projects that have massive scale and self-sustainability (through earned revenue). We’ve been largely successful in acquiring these engagements, but working with federal government and large NGOs is slow and painful. This is why we’re raising our philanthropic seed round; unrestricted capital from individual donors to help us through the J curve.

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via donorbox.org

New social investment tax breaks could be ‘win-win’ for charities

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New social investment tax breaks could be 'win-win' for charities

Last month Triodos announced the issue of the first social impact bonds to benefit from SITR. Social impact bonds work when charities have agreed to be paid by results. So, in the case of the Triodos bonds, the government has agreed to pay four homeless charities if they meet their targets for housing and supporting vulnerable young people into education, employment and training. These bonds mean the charities can raise £910,000 of working capital to deploy the necessary programmes to achieve those results

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via theguardian.com

First SITR qualifying social impact bonds issued

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First SITR qualifying social impact bonds issued

Four charities to support around 500 young homeless people to find accommodation, education and employment
Over 15% of the capital raised provided by individual investors benefitting from the newly introduced SITR
Potential interest of 7% p.a., equivalent to 19.3% p.a. investment return for the three year term with the benefit of SITR
Already fully subscribed

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via triodos.co.uk

A Starbucks for Health Care

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A Starbucks for Health Care

Iora practices do not accept any patients off the street. Instead, the company teams up with either an employer that pays for its workers’ health care or a private Medicare plan. Most of Iora’s early practices were with large companies looking to save on their health care bills. Others are partnerships with the health insurance company Humana. In most of the arrangements, the company receives a flat monthly payment for each patient and, if it saves the company money on overall health spending, it takes a percentage of what is saved.

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via iorahealth.com

What’s So Wrong with Nonprofits Playing by Market Rules?

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What’s So Wrong with Nonprofits Playing by Market Rules?

One of the pillars of our work at the Case Foundation is “revolutionizing philanthropy.” We believe that the practice of mobilizing private capital for public good is in need of a major reboot. In order to keep up with the pace and scope of major social challenges, the resources and tactics going into addressing these challenges and the organizations managing those resources need to be more efficient and effective. And as a sector, we need more catalytic, collaborative and creative solutions.

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via casefoundation.org

Thousands of refugee children will soon have safer homes

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Thousands of refugee children will soon have safer homes

In a groundbreaking example of democratic design (form, function, quality and sustainability at an affordable price), the prototype has been tested and improved by 40 refugee families in Iraq and Ethiopia whose experiences and needs have been at the heart of the development process.
Each unit takes about four hours to assemble and is designed to last for three years — far longer than conventional refugee shelters, which last about six months.

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Mobile Phone Carriers Are Helping Insure The 4 Billion People Who Live Without A Safety Net

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Mobile Phone Carriers Are Helping Insure The 4 Billion People Who Live Without A Safety Net

With this system, every time a customer tops up his SIM card, he gets free insurance coverage. More than 500 million people now have some form of microinsurance. The micro version of life insurance, for example, could be something as simple as a text message. There are no exclusions for acts of god, natural disasters, or terrorism, and no restrictions for age, as there would be on a standard American policy.

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via fastcoexist.com