Innovative financing programs are working to meet the growing demand for capital in Canadian social impact organizations. Releasing an initial commitment of $2.5 million, the McConnell Foundation is placing funds in the hands of some of the most innovative and entrepreneurial social finance leaders.
Social impact bonds are a hot new tool in social finance. We spoke to the Heart and Stroke Foundation of Canada, which created Canada’s first health impact bond to reduce hypertension. The program has shown impressive results so far, but what lessons does it hold?
A gap exists between financial health and literacy, with four in 10 Canadians reportedly struggling on some or all aspects of their finances. Yet, many hesitate to talk about their finances or seek advice, while 62 percent of Canadians are simply unaware of where or who to turn to even get that financial advice. Four Canadian tech for good startups are here to tackle this social challenge.
In a world facing growing global challenges, what is the purpose of capital in driving social change? As a Digital Content Partner at the 2019 Social Finance Forum, we gained expert insights from over 600 leading investors, entrepreneurs, and financial professionals.
As impact reporting becomes vital to organizations, we face a big challenge: the social finance world lacks common standards. How can practitioners agree on the same metrics and method to create truly reflective data, while still remaining accountable to their core stakeholders? This story is crafted in partnership with the MaRS Centre for Impact Investing in the lead up to the 2019 Social Finance Forum.
As social finance hits the mainstream, how much has really changed with how we use capital? With insight from international impact investing visionary Jed Emerson, we ask what it would take to bring purpose into investments at scale. This article is crafted in partnership with the MaRS Centre for Impact Investing in the lead up to the 2019 Social Finance Forum.
