This document discusses social finance in Canada and opportunities for impact investing. It provides definitions of finance and risk management. Social finance aims to deliver both social/environmental benefits and economic returns through various financial structures like grants, loans, and equity. Impact investing occurs at different levels from direct investments to broader system changes. It is rooted in collaborative approaches that create blended value and shift control and capital flows toward more complex solutions.
Blake Lapthornâs green breakfast seminar on Social Finance - 27 March 13Blake Morgan
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On Wednesday 27 March 2013, Annika Tverin of Social Finance joined Blake Lapthorn's Climate Change group for a green breakfast seminar on social Finance.
Presentation slides for the SMSF Tax Planning webinar presented by Aaron Dunn of the SMSF Academy on 24 April 2013.
With the growing number of self-managed super funds, the need to appropriately plan and take advantage of the various contribution, pension, investment strategy and tax issues all lead to the value of discussing some key tax planning strategies with SMSF trustees.
If you wish to view the webinar recording, this can be purchased for $99 (incl. GST). You can visit the SMSF Academy online store to purchase this recording, https://nq129.infusionsoft.com/app/storeFront/showCategoryPage?categoryId=9
Theory: How do you construct a financial model for your social venture?
Practice: What are the main cost drivers and revenue streams for your social venture? What are the various types of financing that social enterprises require, and how does this vary over the lifecycle of the business?
http://www.socialentrepreneurship.ca/indev308
Social Finance and Impact Investing in CanadaKarim Harji
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Presentation at OISE - November 21, 2012
⢠An overview of the state of social finance and impact investing across Canada
⢠An analysis of why Canada is well positioned to become a leader globally
⢠A participatory discussion on the key issues such as:
-- The perceived trade-offs between social impact vs. financial return;
--- How philanthropy can complement social finance;
--- Measurement of social value creation;
--- Legislation and public policy; and
--- Bridging silos between sectors and organizations.
Session on Impact Models, Business Models for Impact and Impact Measurement / Metrics design. Jakarta 2012. Features some sophisticated tools for social innovation.
2009 Canada to UK Study Tour: Slide Deck PresentationJoanna Reynolds
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In March 2009, a group of Canadian leaders went to the UK to learn about common practices in Social Enterprise and Social Innovation. This Slide Deck is part of the report back.
Blake Lapthornâs green breakfast seminar on Social Finance - 27 March 13Blake Morgan
Â
On Wednesday 27 March 2013, Annika Tverin of Social Finance joined Blake Lapthorn's Climate Change group for a green breakfast seminar on social Finance.
Presentation slides for the SMSF Tax Planning webinar presented by Aaron Dunn of the SMSF Academy on 24 April 2013.
With the growing number of self-managed super funds, the need to appropriately plan and take advantage of the various contribution, pension, investment strategy and tax issues all lead to the value of discussing some key tax planning strategies with SMSF trustees.
If you wish to view the webinar recording, this can be purchased for $99 (incl. GST). You can visit the SMSF Academy online store to purchase this recording, https://nq129.infusionsoft.com/app/storeFront/showCategoryPage?categoryId=9
Theory: How do you construct a financial model for your social venture?
Practice: What are the main cost drivers and revenue streams for your social venture? What are the various types of financing that social enterprises require, and how does this vary over the lifecycle of the business?
http://www.socialentrepreneurship.ca/indev308
Social Finance and Impact Investing in CanadaKarim Harji
Â
Presentation at OISE - November 21, 2012
⢠An overview of the state of social finance and impact investing across Canada
⢠An analysis of why Canada is well positioned to become a leader globally
⢠A participatory discussion on the key issues such as:
-- The perceived trade-offs between social impact vs. financial return;
--- How philanthropy can complement social finance;
--- Measurement of social value creation;
--- Legislation and public policy; and
--- Bridging silos between sectors and organizations.
Session on Impact Models, Business Models for Impact and Impact Measurement / Metrics design. Jakarta 2012. Features some sophisticated tools for social innovation.
2009 Canada to UK Study Tour: Slide Deck PresentationJoanna Reynolds
Â
In March 2009, a group of Canadian leaders went to the UK to learn about common practices in Social Enterprise and Social Innovation. This Slide Deck is part of the report back.
Myer Family Wealth Goal Achiever - InKnowVision Advanced Estate PlanningInKnowVision
Â
James is 64, and a few years ago started up a Consulting Company (Consulting Corp) with his business partner Dave. They have acquired some lucrative contracts over the last couple of years, and after spending frugally his entire life, James is starting to enjoy his newly created wealth. James is divorced and makes alimony payments in the amount of $100,000/yr. on top of his $500,000/yr. in living expenses. Because the wealth and income generated by the company is recent, James has not accumulated much in the way of liquid assets yet, but the company value is significant and future profits look very promising.
The primary planning goals are to:
Make sure that he has sufficient funds to live on for the rest of his life (approx. $600,000/yr., including alimony, after taxes and gifts).
Reduce income taxes.
Maximize the inheritance that he leaves to his children and grandchildren. Consider passing his business interests to his children involved in the industry while providing an equal inheritance of non-business interests to those that are uninterested.
Assure that he has sufficient liquid assets available at his death to eliminate the forced liquidation of his business assets.
Eliminate or reduce estate taxes.
Myer Family Wealth Goal Achiever- InKnowVision Advanced Estate PlanningInKnowVision
Â
James is 64, and a few years ago started up a Consulting Company (Consulting Corp) with his business partner Dave. They have acquired some lucrative contracts over the last couple of years, and after spending frugally his entire life, James is starting to enjoy his newly created wealth. James is divorced and makes alimony payments in the amount of $100,000/yr. on top of his $500,000/yr. in living expenses. Because the wealth and income generated by the company is recent, James has not accumulated much in the way of liquid assets yet, but the company value is significant and future profits look very promising.
Learn more at www.inknowvision.com
Crowdfunding In The Kitchen - Seattle Chefs Collaborative National Sustainabl...Gregory Heller
Â
Crowd-funding in the kitchen: non-traditional financing and funding for your food-related project
Small business owners have found it difficult to access tradition financing from banks over the past few years. An increasing number of them, including chefs and value added producers, have turned toward crowd funding to put together the capital necessary to start or expand their businesses. From food trucks to fine dining, a variety of different models have been successfully employed. Whatâs worked? Whatâs flopped? Weâll discuss with our colleagues who have gotten help from the crowd to fund their projects. Whether by Kickstarter or pre-sale of discounted goods or gift cards, crowd funding builds on the familiar concept of Community Supported Agriculture (CSA) and takes it to the next level. Moderated by Gregory Heller, Seattle Chefs Collaborative. Presenters include Tim Crosby and Arno Hesse, both of Slow Money, chef Thierry Rautureau of Luc and Roverâs restaurants, and Jared Stoneberger of the Lark Cookbook Project.
Steve Beck gave an overview of the changing attitudes towards the fight against poverty, the role of the private for-profit sector in development and the growth of the Social Venture Capital sector. He also gave 3 examples of successful investments made into businesses that are directly impacting poverty.
ACG European Capital Tour Pamela Hendrickson and Dominique GaillardACGEU
Â
ACG European Capital Tour; views and perspectives on French and US private equity. Pamela Hendrickson COO the Riverside Company, Dominique Gaillard, Board member AXA Private Equity
What does the model grant-maker look like?nfpSynergy
Â
Elin Lindstrom and Cian Murphy outline our research on what charities think makes the model grant-maker and how the process can be improved for all involved.
Presented at the ANSER Conference, 28th May, 2009
Based on a forthcoming paper on the social finance landscape in Canada, from an investor perspective. Download the paper from carleton.ca/3ci
InKnowVision November 2012 Case Study - Basic Family Wealth Goal AchieverInKnowVision
Â
Tom is 83 and Jane is 76. They have two children who are both well employed and live productive and happy lives. Tom was an attorney who headed a large patent firm in Washington DC. Jane served as an expert in international trade for much of her professional life. During the latter part of his career, Tom agreed to do work for a start up company that became very successful. Today, Tomâs share of the company is valued at $3.2M but generates $1.4M-$1.5M per year in taxable distributions. Several years ago, the company spun out one of its divisions and took the new company public. It has seen massive growth; almost no dividends have been distributed, and the company has a value to Tom today of approximately $6.4M. Tom and Jane also have approximately $5.2M in cash, $3.2M in retirement funds, and real estate of $4M for a total net worth of about $22M.
The primary planning goals are to:
Make sure that they have sufficient funds to live on for the rest of their lives
Maximize what they leave to their children and grandchildren
Increase the amount of charitable giving that they are currently doing
Equalize the financial positions of their son and daughter
Make a substantial provision for charity in place of estate tax if possible
Accelerating Impact Impact Investing & Innovative Financing for DevelopmentKarim Harji
Â
The concept of innovative financing is a relatively recent addition to the development lexicon. Edward Jackson, a faculty member at the School of Public Policy and Administration at Carleton University, and Karim Harji, a co-founder and partner at Purpose Capital, will introduce the audience to innovative financing and impact investing through their report, Accelerating Impact: Achievements, Challenges and Whatâs Next in Building the Impact Investing Industry. The AKFC Seminars on Innovative Financing for Development, hosted by Aga Khan Foundation Canada in partnership with Carleton Universityâs School of Public Policy and Administration.
Presented by David Floyd, Managing Director, Social Spider, at NCVO's 2015 Evolve Conference.
One of two presentations covering the alternative finance landscape.
Carter Family Wealth Goal Achiever - InKnowVision Advanced Estate Planning InKnowVision
Â
Jerry and Susan Carter are both 63. They own and operate a very profitable manufacturing business in a small town. Jerry and Susan spend about $650,000 a year, giving generously to family ($200,000/yr.) and their favorite charitable causes ($150,000/yr.). Although the business provides significant taxable income of over $5M a year, Jerry and Susan have been re-investing excess cash back into the business to keep it thriving through the latest recession. With assets totaling over $60M, a growing business and an income tax bill surpassing $2M/yr., their estate tax and income tax exposure is quickly increasing.
Learn more at www.inknowvision.com
Presentation on Impact Investing at the 2nd Annual Social Entrepreneurship Summit at Washington & Lee University's Williams School of Commerce, Economics and Politics.
Myer Family Wealth Goal Achiever - InKnowVision Advanced Estate PlanningInKnowVision
Â
James is 64, and a few years ago started up a Consulting Company (Consulting Corp) with his business partner Dave. They have acquired some lucrative contracts over the last couple of years, and after spending frugally his entire life, James is starting to enjoy his newly created wealth. James is divorced and makes alimony payments in the amount of $100,000/yr. on top of his $500,000/yr. in living expenses. Because the wealth and income generated by the company is recent, James has not accumulated much in the way of liquid assets yet, but the company value is significant and future profits look very promising.
The primary planning goals are to:
Make sure that he has sufficient funds to live on for the rest of his life (approx. $600,000/yr., including alimony, after taxes and gifts).
Reduce income taxes.
Maximize the inheritance that he leaves to his children and grandchildren. Consider passing his business interests to his children involved in the industry while providing an equal inheritance of non-business interests to those that are uninterested.
Assure that he has sufficient liquid assets available at his death to eliminate the forced liquidation of his business assets.
Eliminate or reduce estate taxes.
Myer Family Wealth Goal Achiever- InKnowVision Advanced Estate PlanningInKnowVision
Â
James is 64, and a few years ago started up a Consulting Company (Consulting Corp) with his business partner Dave. They have acquired some lucrative contracts over the last couple of years, and after spending frugally his entire life, James is starting to enjoy his newly created wealth. James is divorced and makes alimony payments in the amount of $100,000/yr. on top of his $500,000/yr. in living expenses. Because the wealth and income generated by the company is recent, James has not accumulated much in the way of liquid assets yet, but the company value is significant and future profits look very promising.
Learn more at www.inknowvision.com
Crowdfunding In The Kitchen - Seattle Chefs Collaborative National Sustainabl...Gregory Heller
Â
Crowd-funding in the kitchen: non-traditional financing and funding for your food-related project
Small business owners have found it difficult to access tradition financing from banks over the past few years. An increasing number of them, including chefs and value added producers, have turned toward crowd funding to put together the capital necessary to start or expand their businesses. From food trucks to fine dining, a variety of different models have been successfully employed. Whatâs worked? Whatâs flopped? Weâll discuss with our colleagues who have gotten help from the crowd to fund their projects. Whether by Kickstarter or pre-sale of discounted goods or gift cards, crowd funding builds on the familiar concept of Community Supported Agriculture (CSA) and takes it to the next level. Moderated by Gregory Heller, Seattle Chefs Collaborative. Presenters include Tim Crosby and Arno Hesse, both of Slow Money, chef Thierry Rautureau of Luc and Roverâs restaurants, and Jared Stoneberger of the Lark Cookbook Project.
Steve Beck gave an overview of the changing attitudes towards the fight against poverty, the role of the private for-profit sector in development and the growth of the Social Venture Capital sector. He also gave 3 examples of successful investments made into businesses that are directly impacting poverty.
ACG European Capital Tour Pamela Hendrickson and Dominique GaillardACGEU
Â
ACG European Capital Tour; views and perspectives on French and US private equity. Pamela Hendrickson COO the Riverside Company, Dominique Gaillard, Board member AXA Private Equity
What does the model grant-maker look like?nfpSynergy
Â
Elin Lindstrom and Cian Murphy outline our research on what charities think makes the model grant-maker and how the process can be improved for all involved.
Presented at the ANSER Conference, 28th May, 2009
Based on a forthcoming paper on the social finance landscape in Canada, from an investor perspective. Download the paper from carleton.ca/3ci
InKnowVision November 2012 Case Study - Basic Family Wealth Goal AchieverInKnowVision
Â
Tom is 83 and Jane is 76. They have two children who are both well employed and live productive and happy lives. Tom was an attorney who headed a large patent firm in Washington DC. Jane served as an expert in international trade for much of her professional life. During the latter part of his career, Tom agreed to do work for a start up company that became very successful. Today, Tomâs share of the company is valued at $3.2M but generates $1.4M-$1.5M per year in taxable distributions. Several years ago, the company spun out one of its divisions and took the new company public. It has seen massive growth; almost no dividends have been distributed, and the company has a value to Tom today of approximately $6.4M. Tom and Jane also have approximately $5.2M in cash, $3.2M in retirement funds, and real estate of $4M for a total net worth of about $22M.
The primary planning goals are to:
Make sure that they have sufficient funds to live on for the rest of their lives
Maximize what they leave to their children and grandchildren
Increase the amount of charitable giving that they are currently doing
Equalize the financial positions of their son and daughter
Make a substantial provision for charity in place of estate tax if possible
Accelerating Impact Impact Investing & Innovative Financing for DevelopmentKarim Harji
Â
The concept of innovative financing is a relatively recent addition to the development lexicon. Edward Jackson, a faculty member at the School of Public Policy and Administration at Carleton University, and Karim Harji, a co-founder and partner at Purpose Capital, will introduce the audience to innovative financing and impact investing through their report, Accelerating Impact: Achievements, Challenges and Whatâs Next in Building the Impact Investing Industry. The AKFC Seminars on Innovative Financing for Development, hosted by Aga Khan Foundation Canada in partnership with Carleton Universityâs School of Public Policy and Administration.
Presented by David Floyd, Managing Director, Social Spider, at NCVO's 2015 Evolve Conference.
One of two presentations covering the alternative finance landscape.
Carter Family Wealth Goal Achiever - InKnowVision Advanced Estate Planning InKnowVision
Â
Jerry and Susan Carter are both 63. They own and operate a very profitable manufacturing business in a small town. Jerry and Susan spend about $650,000 a year, giving generously to family ($200,000/yr.) and their favorite charitable causes ($150,000/yr.). Although the business provides significant taxable income of over $5M a year, Jerry and Susan have been re-investing excess cash back into the business to keep it thriving through the latest recession. With assets totaling over $60M, a growing business and an income tax bill surpassing $2M/yr., their estate tax and income tax exposure is quickly increasing.
Learn more at www.inknowvision.com
Presentation on Impact Investing at the 2nd Annual Social Entrepreneurship Summit at Washington & Lee University's Williams School of Commerce, Economics and Politics.
This was a presentation I delivered to the Gdynia Business Week program in August 2012. GBW teaches high school students critical business, teamwork and leadership skills at an early age.
Presentation for the 16th Annual Environmental Sciences Symposium at Guelph University. Speaking mostly to undergrads I'm aiming to get them interested and get them out mucking about with it.
An overview of ChangeMedium and the ChangeMediumToronto pilot.
A charitable initiative provoking the medium for change.
Evemts >> infrastructure + applications
Overview of the Ecologos Institute and its program for regional
renewal featuring the Toronto Regional Renaissance Collaboration and
the Universarium Travelling Fair.
LA HUG - Video Testimonials with Chynna Morgan - June 2024Lital Barkan
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Have you ever heard that user-generated content or video testimonials can take your brand to the next level? We will explore how you can effectively use video testimonials to leverage and boost your sales, content strategy, and increase your CRM data.đ¤Ż
We will dig deeper into:
1. How to capture video testimonials that convert from your audience đĽ
2. How to leverage your testimonials to boost your sales đ˛
3. How you can capture more CRM data to understand your audience better through video testimonials. đ
Attending a job Interview for B1 and B2 Englsih learnersErika906060
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It is a sample of an interview for a business english class for pre-intermediate and intermediate english students with emphasis on the speking ability.
Skye Residences | Extended Stay Residences Near Toronto Airportmarketingjdass
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Experience unparalleled EXTENDED STAY and comfort at Skye Residences located just minutes from Toronto Airport. Discover sophisticated accommodations tailored for discerning travelers.
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RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Â
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
Improving profitability for small businessBen Wann
Â
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...BBPMedia1
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Grote partijen zijn al een tijdje onderweg met retail media. Ondertussen worden in dit domein ook de kansen zichtbaar voor andere spelers in de markt. Maar met die kansen ontstaan ook vragen: Zelf retail media worden of erop adverteren? In welke fase van de funnel past het en hoe integreer je het in een mediaplan? Wat is nu precies het verschil met marketplaces en Programmatic ads? In dit half uur beslechten we de dilemma's en krijg je antwoorden op wanneer het voor jou tijd is om de volgende stap te zetten.
Personal Brand Statement:
As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
What are the main advantages of using HR recruiter services.pdfHumanResourceDimensi1
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HR recruiter services offer top talents to companies according to their specific needs. They handle all recruitment tasks from job posting to onboarding and help companies concentrate on their business growth. With their expertise and years of experience, they streamline the hiring process and save time and resources for the company.
Implicitly or explicitly all competing businesses employ a strategy to select a mix
of marketing resources. Formulating such competitive strategies fundamentally
involves recognizing relationships between elements of the marketing mix (e.g.,
price and product quality), as well as assessing competitive and market conditions
(i.e., industry structure in the language of economics).
Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
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Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
VAT Registration Outlined In UAE: Benefits and Requirementsuae taxgpt
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Vat Registration is a legal obligation for businesses meeting the threshold requirement, helping companies avoid fines and ramifications. Contact now!
https://viralsocialtrends.com/vat-registration-outlined-in-uae/
VAT Registration Outlined In UAE: Benefits and Requirements
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Diamonds In The Rough - PDF
1. Diamonds in the Rough
The opportunity of a
marketplace for social
finance in Canada
2. âMoney plays the largest part in
determining the course of history.quot;
- Karl Marx
quot;Only when the last tree has died
and the last river been poisoned
and the last fish been caught will
we realize we cannot eat money.quot;
- Cree proverb
CAUSEWAY: a national collaboration
3. âFinanceâ is about:
managing risk⌠for financial return
⢠From wikipedia:
â The study of money and other assets;
â The management and control of those assets;
â Profiling and managing project risks; or
â The science of managing money.
CAUSEWAY: a national collaboration
4. Risk management =
beware of uncharted waters.
Motivates selecting the known, familiar, direct
â˘Legal structure
â˘For-profit
â˘Not-for-profit â˘Use of proceeds
â˘Charity â˘Operations
â˘Assets
â˘Investment structure
â˘Grant
â˘Projects
â˘Loan
â˘Equity
Creates rigid and specific investment terms
CAUSEWAY: a national collaboration
5. Which invites a gameâŚ
of financial âTwisterâ
Table 1.5 - Project Capital Funding Summary
Source of Funding Form of Funding Amount
Homegrown Solutions Grant $ 18,800.00
Pacific Coast Savings credit Union First mortgage $ 2,000,000.00
Line of credit $ 300,000.00
Real Estate Foundation of BC Second mortgage & grant $ 318,000.00
City of Victoria Grant $ 20,000.00
Vancouver Foundation Grant $ 50,000.00
VanCity Community Foundation Third mortgage & grant $ 200,000.00
Victoria Cool Aid Society Equity $ 285,000.00
Account interest $ 8,893.66
Total funding $ 3,200,693.66
Total capital costs $ 3,195,787.30
Surplus $ 4,906.36
CAUSEWAY: a national collaboration
6. quot;Money is a stupid measure of
achievement, but unfortunately
it is the only universal
measure we have.quot;
- Charles Steinmetz
CAUSEWAY: a national collaboration
7. âSocial financeâ isâŚ
HIGH INVOLVEMENT
Venture Venture
A sustainable approach to philanthropy capital
COMMERCIAL
CHARITABLE
managing money that delivers
social, environmental dividends Traditional
grant Bank
and economic return. making
LOW INVOLVEMENT
lending
Adapted from Margaret Bolton, 2003
Grants Patient Capital Pure Equity Equity -like Loans
Expected loss % 100% 20-50% 10-20% 10-20% 1-8%
Return on investment 0 -50%-c.10% No limit Variable up to 30% Fixed 5-18%
Undefined Depends 5-7 yrs Depends on
Term of investment Often short periods Repayment holidays Fixed term
on success success
Involvement in Low (except venture Some (through
High (through board ) High (through board ) Low
business philanthropy ) partners )
Exit of investment n/a Repayment IPO, sale, buyout Royalty , repayment Repayment
or APO
Liquidation rights None None/subordinate Residual Subordinate First priority
Structured in loan
Voting rights No No Through ownership No
agreement
Adapted from : Bridges Community Ventures , UK
CAUSEWAY: a national collaboration
8. ⌠happens at many levelsâŚ
⢠Investment
â A financial investment that delivers a âblended returnâ
⢠E.g. a loan issued to a social enterprise
⢠Product
â Investment vehicles such as bond issues or private equity
funds that combines investors with a variety of objectives
around an investment area that will deliver a âblended returnâ
⢠E.g. the $20 M EYE Fund
⢠Catalytic
â (Re)application of financial capital to a specific issue with a
comprehensive perspective that encourages a the
(re)creation of new system for addressing a social or
environmental issue
⢠E.g. the Great Bear Rainforest
CAUSEWAY: a national collaboration
9. ⌠and is rooted in:
⢠A change in
conversation
â Control
Âť Potential ts
en
⢠Blended value return u il
la nI
nv
es
tm
Aq
e:
â Conflicted
c
ur
So
Âť Collaborative
⢠Cross-silos Government Business
⢠A change in flow Hybrid
Space
â Linear top-down Charity & non-
Âť Complex profit
CAUSEWAY: a national collaboration
10. quot;Money.
It's a gas.quot;
- Pink Floyd
CAUSEWAY: a national collaboration
11. It begins with a conversationâŚ
⢠Aligning interests to create innovative solutions
Constructive Dynamic
R
Source Perspective
eq
n
Use Perspective
ur
ui
re
et
R
m
en
ts
o ns
t i
ic
R
r
st
is
k
R e
Constrictive Dynamic
CAUSEWAY: a national collaboration
12. ⌠results in specific products
⢠Venture capital
â Capital regional et coopĂŠrative Desjardins (CRCD) is a $500 million venture capital fund
created in 2001 by the Desjardins Movement with the help of a provincial tax credit.
Individual investors can invest up to $3500 a year in shares with a 50% tax credit. Shares
must be kept for a minimum of seven years. Mission: to provide capital, expertise and
access to networks for businesses and cooperatives in all QuĂŠbecâs regions
⢠Local community development
â The Columbus Foundation used $2 million to seed an $18 million low-cost housing fund to
build 1,600 new units of affordable housing.
⢠Startup or expansion capital in underserved communities
â Deutsche Bank announced it will create an innovative $20 million investment fund to
finance the expansion of eye care hospitals in developing countries. The Eye Fund I will
provide loans and guarantees to support the development of affordable, sustainable and
accessible eye care for the world's poor while providing a near-market return for investors
⢠Debt mechanisms
â Milestone achievement of $100m in loans to community finance institutions and social
enterprises by Calvert Foundationâs Community Investment Note
⢠Acquisition of assets
â BC Pension Funds â 21 BC-based union and management pension funds pooled $27 M to
form Concert Properties in 1989 (originally named VLC) with the objective of financing
affordable rental housing in BC, and creating jobs in the unionized construction industry.
Today the 100% pension plan owned real estate corporation has $800 million in assets,
with a track record of creating 10 million hours of on-site employment for unionized
construction workers.
CAUSEWAY: a national collaboration
13. ⌠and can change whole systems.
⢠Coming together of the great catalysts
â capital + community
⢠Great Bear Rainforest (2 million hectares)
â Start: environmentalists + lumber companies get together
â 2001: private foundations + BC premierâs office -> 1st nat.
â 2002/3: determination of ecological value and economic pot.
â 2007 Outcomes:
⢠$120 M across 2 funds: $30 M fed, $30 M prov., $60 M private
⢠Provincial government actions
â New âecosystem basedâ land management regime (3x PEI)
â New park designation for ecological protection
⢠Collaborations
â Collective land-use agreement among prov. govât and first nations
â North coast first nations collaborating (e.g. joint marketing and
distribution of fish)
â Shared governance between private, first nations, government
CAUSEWAY: a national collaboration
15. âMoney is only a tool. It will
take you wherever you wish,
but it will not replace you as
the driver.â
- Ayn Rand
CAUSEWAY: a national collaboration
16. The social finance âdiamond craftâ
⢠The potential value of any social finance
undertaking is strongly influenced by:
⢠Understanding (clarity)
â Depth of understanding
⢠Whatâs the issue?
⢠Whatâs involved in addressing it?
⢠Value (carat)
â Amount of capital involved in the issue?
⢠Assets, income, expenditures, etc. ?
⢠Engagement (shape and facets)
â Comprehensiveness of input into discovery and design
⢠Participation (cut)
â Variety of participants and perspectives in envisioned
solution CAUSEWAY: a national collaboration
17. You can do a lot with
diplomacy, but with diplomacy
backed up by force you can
get a lot more done.
- Kofi Annan
CAUSEWAY: a national collaboration
18. On the precipice of unprecedented
challenges + systemic failure
Growing social and environmental
pressures
+
government and market failure
=
the conditions for innovation.
CAUSEWAY: a national collaboration
19. The U.S. and UK have responded
⢠US - New Market Tax Credits
â $37 B in economic infusion
â Introduced in 2001 to provide tax
credits to investors in
Community Development Entities
â 88% of investors would not have
made the investment in low-
income communities without it
⢠UK - Community Interest
Companies (CICs) Source: US Dept. of the Treasury, Insights,
New Markets Tax Credits
â 1164 CICs registered
â Hybrid legal structure
⢠Capped dividend payable to shareholders
⢠Asset lock retains assets within the company or other CICs
CAUSEWAY: a national collaboration
20. encouraging an entire marketplace
U.S.
Source: GoodCaptial Story Index Presentation and Jay Coen Gilbert, Don Shaffer and John Katovich
CAUSEWAY: a national collaboration
22. And in certain areasâŚ
Source: GoodCapital and Mark Beam?
CAUSEWAY: a national collaboration
23. ⌠structured financial products.
20 deals | 21 orgs | $6.5B
(affordable housing, microfinance, global ngoâs)
CAUSEWAY: a national collaboration
24. The Canadian diamond field
Acceptable Purpose by Structure
⢠Limiting regulatory framework Organizational Types
â Income Tax Act and charity law For Profit Not-for-Profit Charity
significantly constrain flow of Wealth Any Relieve Poverty
capital Maximization Purpose
Except
Advance Religion
Advance Education
⢠Strong non-profit sector Profit
Acceptable Purpose Community Benefit
Adapted from: W. L. Hunter
â $120 B annual expenditures
â >7% of Canadaâs GDP
â Above average growth
â 1.5 M workers + 0.5 M
volunteers
â 2nd largest in world per capita
⢠Internationally significant
â Resources
⢠Water, energy, forests
â Examples
⢠Great Bear Rainforest
CAUSEWAY: a national collaboration
25. Preparing for a diamond harvest
⢠Changing the conversation
⢠Developing the craft
â Financial structuring research,
demonstration, and
dissemination
⢠Enabling the marketplace
â Policy (tax incentives and
supporting hybridization)
â Opening systems to
restructuring
CAUSEWAY: a national collaboration
26. CAUSEWAY a national collaboration
A national collaboration
working on new pathways
for financial investment
in public benefit.
CAUSEWAY: a national collaboration
27. CAUSEWAY a national collaboration
CONTACT
Tim Draimin Michael Lewkowitz
Chair, Steering Committee Start-up Coordinator
Phone: Phone:
(604) 647-6611 x244 (416) 607-5643
(416) 481-8652 (778) 329-0021
Email: Email:
tim@tidescanada.org michael@igniter.com
CAUSEWAY: a national collaboration