An exciting announcement was made at the Skoll World Forum - the Aspen Network of Development Entrepreneurs (ANDE), based at the Aspen Institute, has garnered the support of 35 organizations to collectively manage more than $750 million during the next five years.
The Skoll World Forum commenced this week at Oxford, UK - billed as the "Davos of social entrepreneurship", it will play host to over 800 delegated from 60+ countries. Take a look at the impressive agenda and speakers list.
If you can't attend in person, the organizers have made it relatively easy to follow along:
Canada's senior executives seem to be getting the message that sustainability issues are important to their businesses. But there's a major gap between understanding and action, according to a survey released this week.
The study, conducted by PricewaterhouseCoopers LLP (PwC) and the Canadian Financial Executives Research Foundation, reveals that 90% of Canada's senior financial executives believe their companies should be reporting on environmental and social impacts. However, only half said they have sustainability reporting systems in place, even though most also believe the average investor does not have enough information about the environmental and social performance of Canadian companies.
Nonprofit Mergers and Acquisitions (via Mission Measurement): The Bridgespan Group have authored this report that analyzed 3,300 deals across four states over 11 years.
Questions about Prize Philanthropy (via Chronicle of Philanthropy): A recent report by McKinsey examined the proliferation of prize philanthropy by private foundations, businesses, and governments. These prizes provide significant incentives in some cases, but are not necessarily appropriate for other situations.
The Foundation Review launches (HT: Tactical Philanthropy): The Foundation Review is the first peer-reviewed journal of philanthropy, written by and for foundation staff and boards, and those who work with them implementing programs.
What's in an MBA?: Sarah Cliff wades into the debate around b-school education.
CAPE (Capital for Aboriginal Prosperity and Entrepreneurship) Fund is a $50 million private-sector investment fund recently launched by the former Prime Minister of Canada, Rt. Honourable Paul Martin and his son David Martin. CAPE Fund will be focused on mid-market opportunities with a strong degree of Aboriginal involvement and connection to Aboriginal communities throughout Canada.
The Fund’s sole investment focus will be to partner with Aboriginal groups and individuals to promote Aboriginal business, entrepreneurship and prosperity. The Fund will partner in businesses by providing equity and quasi equity investment in varying amounts in the range of $1 million and $7.5 million (with most investments expected to be in the $3-5m range). These investments may be "one time" or "staged" depending on the growth and business requirements of the Fund's investee companies. CAPE Fund will not make investments in start-ups, unless they are backed by a strong and credible operating partner or that, at the very least, there is complete depth and experience in the management of the investee company.
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Your Guide helps social entrepreneurs learn how to attract financing for their social ventures.
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Your Guide to Social Finance
SocialFinance.ca hosts an online guide that helps social entrepreneurs learn how to attract financing for their social ventures.
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