Home
About Us
In the US, less than 1% of venture capital goes to social entrepreneurs. In the UK, the figure is closer to 5%.
Now two big players in the financial world are coming together to create a $25 million fund that will invest in social businesses, Mashable reports.
The Growth Impact Fund, being developed by Big Issue Invest and Shift, will offer " flexible and patient capital for social businesses to grow their impact," according to a press release.
It's designed "to make social investment work better for social businesses by: investing investees patient, flexible capital, with options including 70% of funding invested through equity and quasi-equity products," according to the press release.
"We are committed to helping tackle social inequality today and the building of sustainable solutions for the next generation and beyond," Bernard Mensah, president of international at Bank of America, says in the press release.
Seb Elsworth, CEO of the Foundation for Social Investment, adds in the press release that "a core motivation for this was to ensure a flow of capital to parts of the market that are underserved, often minoritised groups and communities that have too often been excluded by previous investment programs."
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
"If you want to have impact, then IT, healthcare, and industrials will be the core three elements." That's what Anna V ? n ? 'nen, head of listed impact equity at AXA Investment Managers, has to...more
Foundation: GlobalGiving
"The main threat is the long-standing lack of sufficient funding for healthcare systems," Ota Akhigbe writes at the Conversation. "This funding gap means millions cannot get basic health care,...more
"We are so used to being almost permanently online that we don't really appreciate what we have and do not really know what to do when we're not," Joni Mitchell wrote in her 1970s song "Big Yellow...more
The concept of "impact investing" has taken off in recent years, with more than $1 trillion in assets under management. But a new study out of Harvard Business School suggests that while impact...more
"All investments are impact investments," says Adam Spence, CEO of SVX, a non-profit financial services firm that has just launched Canada's first index designed to measure the impact of investments...more
Environmental, social, and governance (ESG) investing has gained popularity in recent years as clients seek to align their investments with their values and promote positive change in the...more
Foundation: Silicon Valley Community Foundation, California Endowment
In 2024, Los Angeles will host the Mission Investors Exchange 2024 National Conference, an annual conference that brings together more than 750 philanthropy and impact investing leaders from across...more
Foundation: California Community Foundation, California Endowment
Ava DuVernay financed her latest film with money from the Giving Pledgean initiative of the California Endowment, the largest US foundation to commit its entire $4 billion portfolio to social and...more
In what may be a first for a major US city, Los Angeles has been chosen as the site of the 2024 Mission Investors Exchange National Conference, a conference that will focus on "investing in social...more
Foundation: Marguerite Casey Foundation, Marguerite Casey Foundation, Rockefeller Philanthropy Advisors, Skoll Foundation, Target Foundation, Ford Foundation, Philadelphia Foundation, Rockefeller Foundation
"The US creative economy was most recently valued at over $1 trillion by the National Endowment for the Arts," per a press release, "even before considering film, fashion, video games, beauty, food,...more
Social Entrepreneurship
Spotlight
Social Entrepreneurship: Meet the Disruptors of The World Of Philanthropy
William D. Eggers and Paul Macmillan of Dowser write about the social entrepreneurs slowly and steadily dirsupting the world of philanthropy. According to Forbes, philanthropy disruptors are those that believe “no one company is so vital that it can’t be replaced and no single business model too perfect to upend.”
