Social Finance for Nonprofits Webinar
Thursday, July 19, 2012 from 1:00 PM to 2:00 PM (EDT)
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Four local community agencies purchase a new building. They receive a patient capital loan, allowing them to co-locate, and renovate a downtown building instead of renting – the mortgage payments cover an asset (the building) rather than an expense (rent).
A workers’ co-op with a social enterprise sought a $250,000 loan and share issue for its expansion. This enabled its revenues to triple from $500,000 to $1.7 million, thus, increasing its global and local impact and doubling its co-op membership.
These are each examples of social finance in action.
Social finance is a growing movement and marketplace looking to invest in ventures that will create positive impact in their communities and become financially sustainable businesses.
From car-share programs, to the milk in your cereal, to clean-tech innovations, the stunning potential of social finance is already proving a powerful force. With coordinated effort, increased investing and a supportive infrastructure, we can take this emerging sector to a fully formed marketplace that will deliver impact at the scale we all need.
Join us Thursday, July 19th at 1pm EST for our feature webinar Social Finance for Nonprofits, presented by Joanna Reynolds, Program Manager at the MaRS Centre for Impact Investing.
As a program manager for the MaRS Centre for Impact Investing, Joanna leads the education and engagement initiatives. Joanna has spent the past three years working on social finance development with Social Innovation Generation National, a national collaboration working to catalyze the social finance marketplace in Canada. She has worked in the community sector in Toronto for over 10 years and is a graduate of Queen’s University with a Masters of Education from the University of Toronto. She is currently a board member of TREC Renewable Energy Co-operative and continues studies on sustainable investing at the John Molson School of Business at Concordia University.
When & Where
MaRS Discovery District, Social Innovation Generation & Ashoka Canada present
MaRS (www.marsdd.com) is a large scale, mission driven innovation centre located in Toronto and networked across Ontario, focused on building Canada’s next generation of technology companies.
MaRS works closely with entrepreneurs to grow and scale their ventures into global market leaders in life sciences and health care, information, communications and entertainment technologies, cleantech, advanced materials and engineering, as well as innovative social purpose businesses.
Social Innovation Generation (SiG) (www.sigeneration.ca) is a collaborative partnership founded by The J.W. McConnell Family Foundation, the University of Waterloo, the MaRS Discovery District, and the PLAN Institute. Our ultimate goal is to support whole system change through changing the broader economic, cultural and policy context in Canada to allow social innovations to flourish.
Ashoka (canada.ashoka.org) is the global association of the world’s leading social entrepreneurs – individuals with system-changing solutions for the world’s most urgent social problems. Ashoka is redefining the global citizen sector by creating a system of collaborative entrepreneurship. Connecting the work of individual social entrepreneurs to business, academic and public sector partners, they create a network effect driving the sector forward and developing new solutions to global problems.