Thrive Impact Fund is mapping an optimal process for blending different financing (debt, equity, grants) and investors (public, private, philanthropic) around social impact projects. This collaboration and the innovative financial instruments created could significantly change how projects gather funding.
It's vital for those in the social services world to continue to learn, grow and implement new ideas.
When outside interests take over a small or medium business, manager positions are usually the first to be cut, removing large salaries from communities. Often, the business is purchased then closed, leaving holes in the community. Employee Ownership Trusts help businesses stay in local communities when a business has no successor, and contribute to employee retention and financial wealth.
Data on the philanthropic sector is scarce. A new report aims to help fill the gap with new information on public and private foundations' granting and investments.Â
The Parliamentary Secretary to the Minister of Finance talks about Canada's current state of social finance and the role of government in ensuring all Canadians have equitable access to capital, and ensuring that money changes communities and lives for the better.
A hard-fought legislative change has allowed funders to grant to grassroots groups and non-profits. But without a roadmap, many may sit on the sidelines.
