Financing Social Enterprises

Financing Social Enterprises

We’re excited to be working once again with Ottawa’s Centre for Social Enterprise Development (CSED).   Our current engagement is focused on implementing CSED’s new UNCAPPED program.  This partnership with the Province’s Social Enterprise Development Fund ((SEDF), Alterna Savings, Ottawa Community Foundation and United Way Ottawa Centraide is designed to overcome funding barriers and gaps faced by social enterprises at various stages of development and with diverse legal structures.  UNCAPPED will be offering grant, debt and combination products to the City’s social enterprises, along with the technical assistance needed to help these mission-driven businesses get ready for financing. Over the years, we have helped a number of organizations understand the market for and develop financing products that work for both the funder and the fundee. It’s great to be able to bring that expertise to...

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Money, Mission and Strategy

Money, Mission and Strategy

Sleeping Lion’s principal, Nancy Wasserman, is working with Community Forward Fund to deliver Money, Mission and Strategy. This innovative peer-based clinic is designed to equip nonprofits with the knowledge and skills they need to assess their financial health and incorporate practical financial planning tools into day-to-day communications and management. Over a day and a half, participants learn about the distinctive aspects of nonprofit economics, how to read and interpret their financial statements and strategies for using this learning to better achieve their mission. Participants learn from one another as well as us as they use their newly-gained knowledge to tell their organization’s unique story and develop the strategies they need to move forward in challenging...

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New Canadian Report on Mobilizing Private Capital

New Canadian Report on Mobilizing Private Capital

MaRS’ Centre for Impact Investing has just published “Mobilizing Private Capital for Public Good: Priorities for Canada,”  a report by Canada’s National Advisory Board to the G8’s Social Impact Investment Taskforce. The report notes that “Impact investing in Canada is on the rise, but it will require leadership from governments, foundations, pension funds, entrepreneurs, non-profit organizations (NPOs) and others to reach its full potential.” Key recommendations include the following: Enable impact investment and social entrepreneurship in the charitable and non-profit sector, in particular by updating the Income Tax Act and related guidance, which have not kept pace with these trends. Establish an impact investing matching program, paired with appropriate incentives such as credit enhancements, guarantees and tax advantages, which have been used to good effect to attract investment to other markets in support of public policy priorities. Establish an outcomes payment fund, specifying maximum prices that the government will pay for certain outcomes, allowing the market to respond with innovative solutions. Social service providers, in turn, can gain access to impact investment capital based on the government’s commitment to pay when outcomes are...

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Tools for Co-operatives

Tools for Co-operatives

In the US – the University of Wisconsin Center for Co-operatives provides start-up resources, events, training, research, and publications about all aspects of co-operatives including economic impact.  Their chart outlining the difference of various types of US corporations is one of the best summaries available. In Canada – the newly formed Cooperatives and Mutuals Canada is a national, bilingual association that represents more than 18 million co-operative members from 9,000 co-operatives.   It partners with provincial co-operative development organizations across the country to deliver training, advocacy and events that support the cooperative...

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