Ontario

An Update on Building the Open Guide to Social Finance

Last month, we gave you a map of our thinking for what the Open Guide to Social Finance could include. We are working towards building up this content, sourcing showcase examples of social enterprises, capturing digital stories, and considering how we can illustrate in pictures the social finance environment. Please jump in with your thoughts in any of these areas. We are very interested in sourcing great talent and creative ideas from our community.

This month, we're looking for your input in two areas.

  • What tips and best practices could we include regarding the development of standard impact measurement systems for social enterprises?
  • What questions could we include for our interviews with social enterprises?
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Toronto Atmospheric Fund (TAF) is Hiring a Finance and Accounting Manager

The Toronto Atmospheric Fund (TAF) is a non-profit corporation and arm's-length agency of the City of Toronto. As a leader in developing cutting-edge urban solutions to climate change we turn ideas into action, nurture and demonstrate new approaches, and clear the way for the wider adoption of programs, policies and technologies that reduce greenhouse gas emissions. Using its independent $23 million endowment, TAF provides grants to non-profit groups and the city and financing for green entrepreneurs for projects that will help Toronto reach its climate targets.

Are you a financial professional who understands non-profit management and is interested in mission-focused, 'green' investing? Maybe you are interested in a change from the corporate world? TAF is looking for a qualified professional to join our small, dedicated team.

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What Is the Local Investor Potential for Impact Investing?

In a few weeks, illustrious movie supervillain Gordon Gekko will make his somewhat less than triumphant return to Wall Street. He will likely return humbled, then reveal his true self (ie. Greed is good) before changing his ways or getting caught. It could go either way, but it’s predictable. At Social Venture Exchange (SVX) project, we are looking for the anti-Gordon Gekko’s of the world who have a new motto: invest for good.

We want to understand the local investor interest for impact investing. To this end, we are building a basic profile of institutional investors and asset owners/managers in Ontario and determining their level of current activity and potential interest in impact investing through detailed survey profiling via the Social Finance Census.

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On Adding a Community Bond Provision to Bill 65

For the first time in fifty-five years, the Ontario government is revising the legislation governing non-profits through Bill 65. This has provided an excellent opportunity for the non-profit sector to ensure that the changes occurring in society and in this sector were fully reflected in the new bill.

The Ontario Non-Profit Network (ONN) was part of a coalition from the sector working closely with the government to ensure that the new legislation met the sector’s needs. There was much to like about the new legislation, however, there were several key provisions missing in the new act.

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5 Recommendations to Strengthen Social Enterprise/Finance in Ontario

Community bonds, public lands, RRSP's, tax incentives and preferential mortgages - this is what will strengthen social enterprise in Ontario. CSI is looking for some quick and easy wins to move social enterprise forward. What do you think?

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