More Than a Million French Using Their Savings for Social Good: A Novel Approach to Impact Investing in France

This article is the fifth in a series about European philanthropy. The series is published as a collaboration between The Philanthropist and The Lawson Foundation. The French are increasingly becoming more socially engaged: in how they trade, sustain themselves, and get around. This movement is exemplified by the 13 million volunteers who have become involved…

How social service agencies can help build a collaborative and caring economy

Social service non-profit organizations are uniquely placed to leverage their community relationships and assets in ways that would make a practical and significant contribution to creating systems of economic inclusion and democratic participation. We urgently need these contributions in our current context, where traditional economic pathways to opportunity are greatly hampered. Without a strengthened foundation…

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Book Review: The Clean Money Revolution: Reinventing Power, Purpose, and Capitalism

The Clean Money Revolution: Reinventing Power, Purpose, and Capitalism, by Joel Solomon with Tyee Bridge. Gabriola Island, British Columbia, New Society Publishers, 2017, ISBN 978-0-865718-39-5  “Clean money is aligned with a purpose beyond self-interest . . . Money for regenerating ecosystems, that builds true security: long-term, safe, fair resilience (xiv). Used for investment, [money] drives…

Book Review: Philanthropy in Democratic Societies: History, Institutions, and Values

Philanthropy in Democratic Societies: History, Institutions, Values, Edited by Rob Reich, Chiara Cordelli and Lucy Bernholz, Chicago, University of Chicago Press, 2016, ISBN: 978-0-226-33550-6 Philanthropy is a “hybrid and ever-changing form of public and private power” (p.7). This is the central image of philanthropy – in flux, contested, and always in relationship to market and…

Social Impact Bonds: Reflecting on Emerging Global Practice

A UK-based non-profit pioneered the social impact bond (SIB), a tool used by some governments to fund preventive social programs, in 2010. Like other forms of social finance, SIBs have proliferated rapidly in recent years, reflecting significant enthusiasm amongst governments and the voluntary sector. While many introduced SIBs with fanfare, they have also drawn intense…

Challenges to Implementing Social Finance Policy in Canada

SUMMARY : Aggressive spending-reduction policies at the federal level beg for new types of financing such as social finance and social impact bonds to fund socially beneficial projects. But the implementation of social finance tools, in particular social impact bonds, could significantly change or even increase accountability requirements by, for example, bringing third-party private sector…

Social Investing: Using Capital to Promote Foundation Goals

Introduction Whether the economy is expanding or declining, the prospects of employ­ment for unskilled, marginal or disadvantaged people are likely to remain poor. The general hardships of unemployment are multiplied for young people who have no experience and limited education and for minorities who face discrimination. Without work and the status and feeling of purpose…

Viewpoint: Building Capacity in the Voluntary Section

Viewpoint expresses the particular view of contributors and does not necessarily reflect the views ofThe Philanthropist Readers are invited to respond to articles in this section. If appropriate, their views will be published. At a time when most consumers of financial services are becoming more sophisticated, most voluntary organizations remain woefully uninformed and inefficient in…