Interesting day for news in terms of seeking alternative fund discussions for charities and NGOs.
That reminds me, elsewhere in my business interests, my Polish business just launched a grassroots community crowdfunding platform HanzaTrade which funded its setup through product sales – a coffee business…we’re also looking to crowdfund for charity/NGO/community functions in the future…
Anyway onwards to today’s SIB News:
A New Funding Paradigm For NFPs
Third Sector
Daniel Madhavan the CEO of Impact Investing Australia – a not-for-profit established to develop the market for impact investing in Australia and deliver better outcomes for society – shares how the organisation is changing the funding landscape for not-for-profits.
Alternative Finance: Is It Right For Your Charity?
The Guardian
Experts in the charity money community explain how charities can build alternative finance into their strategies
The rise of alternative finance has been well documented – the total market (made up of new models like crowdfunding) was set to grow to £1.74bn by the end of 2014.
But, how viable is it and should charities be including these models, such as social impact bonds and social investment, in their strategies for the future? In our recent Q&A on the future of charity money our experts shared their thoughts.
Panel
Danyal Sattar, development director – Big Society Capital
Alice Casey, senior development manager – Nesta
Jack Sheldon, team lead – Yimby
Stephen Mallinson, chief executive – Localgiving
Jess Ratty, brand communications manager – Crowdfunder
Ben Eyre, advisory manager – Charities Aid Foundation
Rosie Olliver, policy officer – Acevo
What role are social impact bonds going to play?
Ben Eyre: Social impact bonds can be fantastic and innovative, and my colleagues at CAF Venturesome (our social investment arm) have invested in a number of great SIBs such as Street Impact with St Mungo’s and Teens and Toddlers, but they are a lot of work and not a panacea. They represent one end of the spectrum that is unlikely to be relevant to huge numbers of organisations.
Failing To Invest In Social Good
Epolitix
National Director of Oikocredit UK, Monica Middleton, warns that UK investors are lagging behind Europe in social impact investments.
We are urging UK investors to make 2015 the year that they invest more of their money for social good. With a minimum £150 Oikocredit investment, UK consumers can secure both a competitive financial return and support entrepreneurs, small businesses, farmers’ co-operatives, and other enterprises in developing countries to access much-needed capital