Good Capital

investment | philanthropy > spectrum of investing > overview Investing and giving no longer binary © Graphic conceptualizations © Mark Beam, Collective Intelligence 2007

investment | philanthropy > spectrum of investing > overview Instead, a specrum has evolved © Graphic conceptualizations © Mark Beam, Collective Intelligence 2007

investment | philanthropy > spectrum of investing investment philanthropy blended value Do you seek market rate returns? Do you sacrifice all your capital for positive impact? Do you sacrifice some return for positive impact? © Graphic conceptualizations © Mark Beam, Collective Intelligence 2007 You ask three questions, not just two, because it’s a spectrum

investment | philanthropy > spectrum of investing market rate near market rate concessionary rate no return, tax credit © Graphic conceptualizations © Mark Beam, Collective Intelligence 2007 Strategic Philanthropy Socially Screened Funds Community Investment Socially Targeted Market Rate Funds Social & Community Development Venture Capital

investment | philanthropy > spectrum of investing market rate near market rate concessionary rate no return, tax credit

Calvert

Domini

Access Capital

Generation

© Graphic conceptualizations © Mark Beam, Collective Intelligence 2007 Strategic Philanthropy Socially Screened Funds Community Investment Socially Targeted Market Rate Funds Social & Community Development Venture Capital

investment | philanthropy > spectrum of investing Socially Targeted Market Rate Funds market rate near market rate concessionary rate no return, tax credit

Blue Orchard Microfinance

Community Reinvestment Fund

Deutsche Eye Fund

investment | philanthropy > spectrum of investing Social & Community Development Venture Capital market rate near market rate concessionary rate no return, tax credit

Pacific Community Ventures

CEI (Maine, VT, NH)

CDVCA

Investors’ Circle

investment | philanthropy > spectrum of investing market rate near market rate concessionary rate no return, tax credit

Calvert Foundation

Good Capital

Nonprofit Finance Fund

RSF Social Finance

Oasis (Blue Orchard)

© Graphic conceptualizations © Mark Beam, Collective Intelligence 2007 Strategic Philanthropy Socially Screened Funds Community Investment Socially Targeted Market Rate Funds Social & Community Development Venture Capital

market rate near market rate concessionary rate no return, tax credit

REDF

Social Venture Partners

New Profit Inc.

Acumen, Newschools Strategic Philanthropy Socially Screened Funds Community and SE Investment Socially Targeted Market Rate Instruments Social & Community Development Venture Capital

The new space we fill… Risk/ Return Purpose Why they don’t plug the gap Traditional Capital Market Market rate risk/ return Maximize financial return No interest in social impact or the cost of doing good Donors -Grants HI Risk No Return (tax break) Maximize social return Limited scale Often lacks business case Debt (NonProfit, ComDev, most PRIs) Med/Low Risk Low Return Demands collateral, lower risk profile doesn’t fund expansion Expansion Equity and Equity-like Med/High Risk Med/Low Return Balances SROI within traditional business ROI for expansion Fills the growth gap , its what we are creating CDVCs/ SVCs High Risk Med/High Return Maximize financial return within social or community development context No appetite for the cost of doing good Fiduciary responsibility to get a market rate return Social Return Financial Return Balances SROI within business traditional ROI e.g. Banks and Private Equity Foundations Calvert Foundation Partners for a Common Good NP Finance Fund Pac Com Ventures SJF Ventures Investors Circle Some Venture Philanthropy and Foundations nibble around the edges, no inst.

Filling the growth gap

For funding the expansion of proven social enterprises….

Opportunity Solution Why GC Execution

… creating the need for a new asset class that:

understands the risks and benefits of doing good,

invests in great social entrepreneurs, and

creates the inspiration and motivation for others to think big, achieve more

Commercial Debt Grants Infrastructure Capital Social Angels Social VC “ PRI” Debt Public Market SRI Landscape Definition Evaluation/ Certification Transactional (e.g. Funds) Exchange Platform © Jay Coen Gilbert, Don Shaffer and John Katovich The infrastructure for the Social Capital Market is emerging AA1000 GRI RSF Social Finance NFF Capital Partners Investors’ Circle Aspen Institute Domini Social Investments Underdog Chicago Climate Exchange SouthShore Bank Calvert Special Equities - CF CI Notes - Calvert Mutual Funds New Schools BOVESPA Social Stock Exchange Origo NFF Lending Acumen Fund Generation Investments Generation Foundation Ashoka Deutsche Eye Fund

Commercial Debt Grants Infrastructure Capital Social Angels Social VC “ PRI” Debt Public Market SRI Landscape Definition Evaluation/ Certification Transactional (e.g. Funds) Exchange Platform

Calvert

Philanthropic

Assets/DAF

AA1000 GRI RSF Social Finance Local Exchange NFF Capital Partners Investors’ Circle Aspen Institute Domini Social Investments Underdog Chicago Climate Exchange B Lab Good Capital SouthShore Bank Calvert Special Equities - CF CI Notes - Calvert Mutual Funds New Schools Xigi.net BOVESPA Social Stock Exchange UK Social Stock Exchange Fourth Sector Network Origo NFF Lending Acumen Fund Patient Capital Collaborative Generation Investments Generation Foundation Ashoka Deutsche Eye Fund © Jay Coen Gilbert, Don Shaffer and John Katovich More intermediaries a sign of new money in the Blended Value Market

investment | philanthropy New capital with new power to make change