Presentation at a session titled "Investing for Impact: New Ways Capital is Flowing to Social Good". Describes the Canadian social capital market, the role of intermediaries, and the opportunities in place for social investors.
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Investing for Impact - Supply-Side Perspectives
1. Investing for Impact: Supply-Side Perspectives Karim Harji Manager, Partnership Development – Social Capital Partners Co-founder – socialfinance.ca Investing for Impact: New Ways Capital is Flowing to Social Good Cambridge, ON 29 March, 2010 1
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4. Social finance is an approach to managing money that delivers a social dividend and an economic return. (Wikipedia)
5. Also known as… social investing , responsible investing, ethical investing, double or triple bottom line investing, impact investing, targeted investing , etc etc. there are important differences!
6. Goes beyond simply capital for non-profit social enterprises3 See: Karim Harji and Tessa Hebb (2009) “The Quest for Blended Value Returns: Investor Perspectives on Social Finance in Canada”, http://www.carleton.ca/3ci
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8. Vancity – Canada’s largest Credit Union : 400,000 members, $14.5 billion in assets
9. Meritas – mutual fund committed to SRI: screening guidelines, shareholder activism and community development investments (up to 2% for microfinance)
10. Registered Disability Savings Plan (RDSP) – tax-deferred savings vehicle to assist families in planning for long-term financial security of their relatives with disabilities
11. Great Bear Rainforest Fund – public-private-philanthropic partnership structured to allow investments in ecologically-sustainable ventures within First Nations’ communities
12. Social Venture Partners (3 Canadian chapters) – network of engaged philanthropists that provide money and expertise for capacity building of nonprofits
13. CAPE Fund – $50 million fund launched by Paul Martin to provide equity and quasi-equity investment in the range of $1 million and $7.5 million to Aboriginal businesses
14. Enterprising Non Profits (BC/ON) – provides matching grants to non-profit organizations that are interested in starting or expanding a business
15. Ottawa Community Loan Fund (OCLF) – loans of up to $15,000 to small business owners, internationally-trained professionals, social enterprises, community groups.4
17. The Social Finance Continuum 6 Sources: F.B. Heron Foundation and Jessica Shortall (2009) “Introduction to Understanding and Accessing Social Investment”
39. CRA: over 161,000 nonprofit and voluntary organizations, of which approximately 83,000 are registered charities. (Pearson 2008)
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41. Québec has over 6,200 social economy enterprises employing more than 65,000 people and generating over $4 billion in revenues (Pearson 2008)8 Source: Karim Harji and Tessa Hebb (2009) “The Quest for Blended Value Returns: Investor Perspectives on Social Finance in Canada”, http://www.carleton.ca/3ci
42. Aligning Demand and Supply 9 Source: Alex Nicholls and Cathy Pharoah (2008) “The Landscape of Social Investment”, http://www.sbs.ox.ac.uk/centres/skoll/research/Pages/landscapeofsocialinvestment.aspx
62. Structured as investment grade instrument offering a five-year GIC rate of return It took 7 years before PSAC was able to find a “risk-free vehicle” to be able to do this! 12 Adapted from: Causeway, SiG, Volans (2009) “Building The Case for Social Finance in Canada”
63. Building the Social Capital Market 13 Source: Monitor Institute (2008) “Investing for Social & Environmental Impact, A Design for Catalyzing an Emerging Industry”
74. Expanding the scope and scale of philanthropic capital AND maintaining adherence to fiduciary responsibilities.16 Source: Rockefeller Philanthropy Advisors (2009) “Solutions for Impact Investors: From Strategy to Implementation”