Philanthropists should become more active impact investors, focusing on building sustainable social enterprises often overlooked by private investors who seek market-rate returns.
“Today there are approximately 4 billion people globally without Internet access,” said Peggy Johnson, executive vice president of business development at Microsoft. “The ability to close that gap is more achievable than ever with technology that is readily available and affordable in many parts of the world. Through this fund, we hope to kick-start the entrepreneurial process by identifying promising ideas that we can help nurture, grow and scale.”
Elizabeth Rossiello, chief executive of Bitcoin remittance service BitPesa, which allows workers overseas to send money home to Kenya and Ghana for a flat fee of 3% and says it is growing its user base by 60% month-on-month, believes the shortage of payment options in Africa make it a fertile ground in which Bitcoin can grow.
A commonly held belief among investors is that impact investing—adding environmental, social or governance criteria to the investment selection process—will require a trade-off
in performance. Though this may have been true in the early days of impact investing, the space has evolved significantly in the last decade
Food Shift’s Alameda Kitchen will produce and sell food products to support the ongoing operations and growth of the program. It’s critical that both food recovery and food assistance groups expand the metrics by which they are calculating their impact to include not just the social but the environmental and economic benefit of their services in order to attract the resources they deserve to sustain their work. Food Shift is partnering with Alameda Point Collaborative (APC), a supportive housing community for individuals previously without a home and where 85 to 90 percent of residents are unemployed. Community members will be hired as kitchen and processing staff. The revenue generated from the products we create will help us pay fair wages and allow us to expand our program to reduce waste and increase access to affordable healthy food.
The SEC’s proposed amendments to Rule 147 include three major changes to the existing Rule: 1) eliminating the restriction on “offers” being made only within a state (while still continuing to require that sales be made only to residents within the state); 2) eliminating the requirement that an Issuer actually be “incorporated” (or formed, organized, etc.) within the state where the offering is taking place; and 3) redefining what constitutes “doing business” within a state.
The app would like to be thought of as a Yelp for social good. DoneGood lets people find socially responsible businesses so that consumers can make the biggest impact with their money. A business can be listed on DoneGood in one of two ways: it can be certified by one of the partner organizations, or people in the DoneGood community can add it.
When you’re putting all your money into impact investments, a properly diversified portfolio does not go out the window, as the Kleissners have demonstrated.
A social enterprise is an entity driven by social impact and fueled by financial sustainability. Poverty cannot be solved without the private sector, while recognizing that the private sector alone cannot solve poverty.
Often conversations around social finance seem to focus on social impact bonds and large institutional funds – the headline acts. But, CEO of the Esmée Fairbairn Foundation Caroline Mason told delegates at RBS HQ they’ve “been done to death” and that she’d prefer more notice was taken of the broader spectrum of social finance initiatives.