In an article written for The Philanthropist, Nora Sobolov, President and CEO of the Community Forward Fund, provides insight into alternative financing options for nonprofits. In Why you should care: how charities, nonprofits, and foundations can benefit from social finance, she discusses a number of ways to secure flexible funding that can help bridge the gaps between grant funding and project-based funding.
How are social enterprises and non-profits financed? How do impact investors perceive the risks and benefits of financing social enterprises and non-profits? Funded by Export Development Canada, the EDC Chair in Environmental Finance at the University of Waterloo is conducting a survey to answer these two important questions.
"Dignity is more important than bread.” Basma Bouazizi said these words when referring to her brother Mohamed, the Tunisian who set himself on fire just over a year ago and sparked a global movement and inspiration for change. Her mother, Mannoubia added, "My son set himself on fire for dignity." Mohamed and other global citizens have been recognized this year by TIME Magazine, who announced this year's “Person of the Year” to be “The Protester.”
I was first introduced to the Acumen Fund in 2009 when I was looking to work internationally. It was recommended to me as a well-run non-profit that addressed the issues of poverty using a market-driven approach. While it has been on my radar since then, the Toronto Chapter’s “Dignity In Focus” event was the first time I formally interacted with the organization. On December 1, Toronto + Acumen partnered with Nuru Project to host a photo auction fundraiser. Judging from the packed room, engaged crowd, and beautiful pictures, I’d say that the event was a success.
The last week saw yet another volatile ride in the markets. Crippling debt levels, looming austerity measures, waves of social unrest and stagnating incomes stifle any hopes for sustainable economic growth. It is during turbulent times like these that paradigm shifts happen. Do we need to re-evaluate our approach to fighting poverty and stimulating economic development?
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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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