Wednesday, June 19, 2013
Monday, June 17, 2013
Thursday, June 13, 2013
Goldman closes 2nd Social Impact Bond with Much Lower Credit Enhancement
As details of the transaction emerge, it appears that J.B Pritzker has taken a first-loss subordinated position of 34% which is much lower than the 75% credit enhancement which Bloomberg Philanthropies provided in the NYC Rikers Island transaction.
http://dealbook.nytimes.com/2013/06/12/goldman-to-invest-in-utah-preschool-program/?smid=pl-share
http://dealbook.nytimes.com/2013/06/12/goldman-to-invest-in-utah-preschool-program/?smid=pl-share
Tuesday, June 4, 2013
How Can We Align Who We Are with What We Do?
David Brooks describes a phenomenon I see in my students and colleagues as we all try to reconcile the sometimes conflicting desire to make a living and make the world a better place. Can we consume our way to a sustainable and just world? Can we do well and good? This complexity only seems to increase as the world gets smaller.
http://www.nytimes.com/2013/06/04/opinion/brooks-the-way-to-produce-a-person.html?smid=pl-share
http://www.nytimes.com/2013/06/04/opinion/brooks-the-way-to-produce-a-person.html?smid=pl-share
Monday, June 3, 2013
Thursday, May 23, 2013
Leveraging the Power of Foundations-An Analysis of Program-Related Investing
This new report by the IU Lilly Family School of Philanthropy provides a fresh look at program-related investments and how they are being used by foundations but continue to remain a very small part of the philanthropic toolkit.
http://www.philanthropy.iupui.edu/research-by-category/PRIreport
http://www.philanthropy.iupui.edu/research-by-category/PRIreport
Monday, May 13, 2013
Learning from Odysseus: Can stuffing our ears help us make better decisions?
"When Odysseus wanted to sail around the island of the Sirens, he stuffed his fellow sailors’ ears with wax and tied himself to the mast. In doing so, he influenced his future decision by wise precaution – and became the first to listen to the enchanting song of the Sirens without steering his ship into the cliffs." The University of Heidelberg's Centre for Social Investment has a new report on how choice architectures may improve decision-making.
https://www.csi.uni-heidelberg.de/report/pdf/CSI_report_14__2013-05_english.pdf
Tuesday, May 7, 2013
Unburnable Carbon
If governments are serious about climate change, a portion of oil and gas reserves of major energy companies would not be usable. Carbon Tracker has done an interesting analysis of this issue.
http://www.economist.com/news/business/21577097-either-governments-are-not-serious-about-climate-change-or-fossil-fuel-firms-are
http://www.economist.com/news/business/21577097-either-governments-are-not-serious-about-climate-change-or-fossil-fuel-firms-are
Thursday, May 2, 2013
In Brown-Vitter Bill, a Banking Overhaul With Possible Teeth???
This legislative attempt to simply increase the capital requirements for the large U.S. banks will probably go no where. Socializing risk and privatizing profits. Will the story ever change?
http://dealbook.nytimes.com/2013/05/01/in-brown-vitter-bill-a-banking-overhaul-with-possible-teeth/?smid=pl-share
http://dealbook.nytimes.com/2013/05/01/in-brown-vitter-bill-a-banking-overhaul-with-possible-teeth/?smid=pl-share
Wednesday, May 1, 2013
SIB Guide for Providers from Children's Aid Society
This SIB guide for service providers by Megan Golden is a great addition to the SIB field.
http://www.childrensaidsociety.org/files/upload-docs/CAS_FINAL_Report.pdf
http://www.childrensaidsociety.org/files/upload-docs/CAS_FINAL_Report.pdf
Monday, April 29, 2013
Rockefeller Foundation's Judith Rodin Profiled in FT on Impact Investing
Rockefeller continues its support of impact investing as the G8 plans to include impact investing its June meetings.
http://www.ft.com/intl/cms/s/0/cf342d78-ab53-11e2-8c63-00144feabdc0.html#axzz2Rr9egaMR
http://www.ft.com/intl/cms/s/0/cf342d78-ab53-11e2-8c63-00144feabdc0.html#axzz2Rr9egaMR
Friday, April 26, 2013
Monday, April 22, 2013
First the Giving Pledge and now the Investing Pledge
Which Leading Investors are Seeking Profit and 100% Impact by 2020?:
If Bill Gates and Warren Buffett are willing to eventually give away all of the wealth through philanthropy, just image the positive impact they could create if they agreed to make all of their investments reflect their values and philanthropic goals.
If Bill Gates and Warren Buffett are willing to eventually give away all of the wealth through philanthropy, just image the positive impact they could create if they agreed to make all of their investments reflect their values and philanthropic goals.
Future of Impact Investing from Sir Ronald Cohen
Is impact investing the Next Big Thing? I hope so as we work through how to move capital into this strategy/asset class/sector. Sir Cohen sees the foundation community's endowments as critical to the shift.
Future of Impact Investing
Future of Impact Investing
Thursday, April 18, 2013
Gabrielle Giffords' Powerful Message to our Shameful U.S. Senate
I think Gabrielle Giffords' op-ed piece on the shameful behavior of our U.S. Senate is the most powerful message I have heard about the need to control gun violence in our country. I hope you read it.
http://www.nytimes.com/2013/04/18/opinion/a-senate-in-the-gun-lobbys-grip.html?smid=pl-share
http://www.nytimes.com/2013/04/18/opinion/a-senate-in-the-gun-lobbys-grip.html?smid=pl-share
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