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The Association of Nonprofit and Social Economy Research Annual Conference SOCIAL FINANCE IN QUEBEC. A NEW FINANCIAL ARCHITECTURE BY MARGUERITE MENDELL CONCORDIA UNIVERSITY JUNE 2, 2010
Plan  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
1. Introduction  Key historical moments in the evolution of social finance in Quebec  ( cooperative ,  labour ,  community ,  hybrid,  state,  private  ) 1900 1970’s 1980’s 1990’s 2000 + ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
2. Co-operative funds ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Co-operative funds… ,[object Object],[object Object],[object Object],[object Object],[object Object]
3. Workers funds ,[object Object],[object Object],[object Object],[object Object]
Workers funds… ,[object Object],[object Object],[object Object]
Workers funds… ,[object Object],[object Object],[object Object],[object Object]
4- Community based funds ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Community based funds… ,[object Object],[object Object],[object Object],[object Object]
5- State funds ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
6. Hybrid funds ,[object Object],[object Object],[object Object],[object Object],[object Object]
Hybrid funds… ,[object Object],[object Object],[object Object],[object Object],[object Object]
Hybrid funds… ,[object Object],[object Object],[object Object],[object Object],[object Object]
Hybrid funds… ,[object Object],[object Object],[object Object],[object Object],[object Object]
7. Private funds ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
8. Institutional and Financial Innovation  “ Hybridity ” in social finance in Quebec
Institutional and Financial… ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
9. Enabling Policy for Social Finance  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Enabling Policy…
10. Conclusion Financial and Institutional Innovation : A Quebec Model ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Conclusion… Social Finance Architecture in Québec Fondaction - le Fonds de développement de la CSN pour la coopération et l’emploi (1996)  - Assets of $666.7 M in  2009 Fonds de solidarité FTQ (1983) –  Assets of $8.3 G in  2009 Capital régional et coopératif Desjardins  (2001) - $539.7 M invested in 2009 Caisse d’économie  solidaire Desjardins (1971) – Assets of $545.2 M in 2009 Réseau d’investissement social du Québec (1997) 13 M$ invested in 2009 Filaction – CSN (2000) – $5.7 M invested in 2008-2009 Réseau québécois du crédit communautaire (2000) – Assets of $3.2 M  in 2009 Fiducie du Chantier de l’économie sociale (2006) - $ 53.8 M patient capital fund  Development capital Solidarity finance SOLIDE (1991) – $73.8 M invested in 2009 Intermediaries , CDÉC,  CLD, etc.
  Conclusion… Socially Responsible Finance Development capital  actors (Builders) Solidarity finance  actors  (Builders) New Financial Architecture  Socially Responsible Finance

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Social Finance in Quebec: A New Financial Architecture

  • 1. The Association of Nonprofit and Social Economy Research Annual Conference SOCIAL FINANCE IN QUEBEC. A NEW FINANCIAL ARCHITECTURE BY MARGUERITE MENDELL CONCORDIA UNIVERSITY JUNE 2, 2010
  • 2.
  • 3.
  • 4.
  • 5.
  • 6.
  • 7.
  • 8.
  • 9.
  • 10.
  • 11.
  • 12.
  • 13.
  • 14.
  • 15.
  • 16.
  • 17. 8. Institutional and Financial Innovation “ Hybridity ” in social finance in Quebec
  • 18.
  • 19.
  • 21.
  • 22. Conclusion… Social Finance Architecture in Québec Fondaction - le Fonds de développement de la CSN pour la coopération et l’emploi (1996) - Assets of $666.7 M in 2009 Fonds de solidarité FTQ (1983) – Assets of $8.3 G in 2009 Capital régional et coopératif Desjardins (2001) - $539.7 M invested in 2009 Caisse d’économie solidaire Desjardins (1971) – Assets of $545.2 M in 2009 Réseau d’investissement social du Québec (1997) 13 M$ invested in 2009 Filaction – CSN (2000) – $5.7 M invested in 2008-2009 Réseau québécois du crédit communautaire (2000) – Assets of $3.2 M in 2009 Fiducie du Chantier de l’économie sociale (2006) - $ 53.8 M patient capital fund Development capital Solidarity finance SOLIDE (1991) – $73.8 M invested in 2009 Intermediaries , CDÉC, CLD, etc.
  • 23. Conclusion… Socially Responsible Finance Development capital actors (Builders) Solidarity finance actors (Builders) New Financial Architecture Socially Responsible Finance