New Entrants Coming to the Social Impact Bond Market

Jessica Toonkel from Reuters outlines the latest news from the SIB market as new players and transactions begin to compete with Goldman Sachs in this new sector.  

http://www.chicagotribune.com/business/sns-rt-us-goldman-social-impact-bond-analysis-20131112,0,5959128.story?page=1

Corporate Lemonade Stands and Corporate Structure

http://dealbook.nytimes.com/2013/11/12/in-a-lemonade-stand-a-transformation-of-the-corporation/?smid=pl-share

NASDAQ for Nonprofits

How can nonprofits most efficiently raise capital?  This ongoing debate continues as the NYT mixes aggregating capital for non-profits with pay for success financings.  

http://dealbook.nytimes.com/2013/11/11/plan-to-finance-philanthropy-shows-the-power-of-a-simple-question/?smid=pl-share

What happens to certification programs when large corporations and suppliers are on different sides of the issue.

http://www.nytimes.com/2013/10/22/business/salmon-fishermen-battle-walmart-on-certification.html?smid=pl-share

The Economics of Rubbish

http://www.economist.com/news/international/21588889-one-mans-waste-anothers-livelihood-mucking

The Dance of NGOs and Corporations

http://www.economist.com/news/business/21588853-charities-are-irritating-often-help-companies-do-right-thing-butterfly-effect

Bill Gates and the Importance of Boring Details

http://www.ft.com/intl/cms/s/2/dacd1f84-41bf-11e3-b064-00144feabdc0.html

Forbes Interview with World Economic Forum Impact Investing Report Authors

http://www.forbes.com/sites/devinthorpe/2013/09/24/report-authors-share-impact-investing-highlights-live/

Ben Thornley on Mainstreaming Impact Investing

http://www.huffingtonpost.com/ben-thornley/the-question-of-mainstrea_b_3949731.html

As part of SOCAP, the Federal Reserve of San Francisco hosted a series of sessions on building health-related impact investing products and partnerships. A great resource for those interested in this massive sector.

http://www.frbsf.org/community-development/events/2013/september/socap-social-capital-markets-health/videos/

Interesting New Impact Investing Report from the World Economic Forum.

http://reports.weforum.org/impact-investment/

Impact Investing 2.0 -- What $3 Billion Tells Us About the Next $300 Billion

http://www.huffingtonpost.com/cathy-clark/impact-investing_b_3850296.html

A Nice Summary of Events at SOCAP

Recognition of the Viability of Social Impact Investment and Business Models Shows Signs of Global Critical Mass as Social Enterprise Community Heads to SOCAP13 – Press Releases on CSRwire.com

Interesting Impact Investing Platform for Solar

http://www.nytimes.com/2013/09/03/business/energy-environment/a-firm-that-aims-to-match-environmental-values-with-financial-value.html?smid=pl-share

Is the Tragedy of the Commons Really a Tragedy?

The FT's Tim Harford highlights two sides of a very important academic debate on how we can address environmental issues.  He compares Garrett Hardin's 1958 "Tragedy of the Commons" approach to Lin Ostrom's focus on how communities solve the challenges of sharing resources by creating systems and rules.

http://www.ft.com/intl/cms/s/2/afc5377e-1026-11e3-a258-00144feabdc0.html#axzz2dk2XoC4A

Internalizing Externalities to Address Climate Change

http://www.nytimes.com/2013/09/01/business/a-carbon-tax-that-america-could-live-with.html?smid=pl-share

Is there a hierarchy of goodness in public policy?

Melissa Berman of Rockefeller Philanthropy Advisors makes clear the challenges of using philanthropy for large social change.

But specifically because philanthropy is personal and voluntary, it may supplement - but cannot replace - the rigorous, messy public debate we need in a democracy to decide how we as citizens want to choose between museums and fighting blindness.

Too often, private philanthropy is used to drive the allocation of public resources.

http://www.nytimes.com/2013/08/20/opinion/in-charitable-giving-no-hierarchy-of-goodness.html?smid=pl-share

Peter Singer's Critique of Philanthropy

Peter Singer, who has shed light on a wide range of ethical issues, has now turned his sights on philanthropy.

Calling for a shift in resources from cultural funding to humanitarian projects, he applies cost-benefit analysis to explain why we should fund disease prevention instead of museum capital campaigns.

Philanthropy is voluntary and as such donor intent will continue to drive funding decisions rather than quantifiable cost-benefit analysis.  Whether I want to support my church, local museum or disease prevention for the world's poorest is a personal decision.

Perhaps he should also focus on public sector aid funding and how it can be made more effective or ask the question why we allow charitable contributions to be tax-deductible in the first place rather than trying to reform philanthropy.

http://www.nytimes.com/2013/08/11/opinion/sunday/good-charity-bad-charity.html?smid=pl-share

Peter Buffett and the Charitable Industrial Complex

While Mr. Buffett makes points which have been made elsewhere about the unintended consequences of philanthropy, charity as penance for the affluent, and the need for systems change rather than one-off projects, it is refreshing to see someone in his position step outside of the philanthropic echo chamber and ask some larger questions.   

As he states, philanthropic leaders, heads of state and corporate leaders are "all searching for answers with their right hand to problems that others in the room have created with their left."   We are all dealing with the contradictions and dissonance created by a networked global market that our existing systems such as government, corporations and philanthropy do not begin to solve. 

What he does not state is how we can begin to address these contradictions beyond a vague call for multi-stakeholder partners and listening. 

I applaud his piece but want to dig deeper.

http://www.nytimes.com/2013/07/27/opinion/the-charitable-industrial-complex.html?smid=pl-share

When is Peer-to-Peer Lending Not Peer-to-Peer?

http://dealbook.nytimes.com/2013/08/07/not-banks-but-still-lending-and-drawing-investors/?smid=pl-share