Social Finance Media Scan: October 5 – 11 compliments of Read Guernsey

  • Alan Broadbent of Maytree wrote in July about the actions taken by the Caledon Institute (funded by Maytree), to save two key sources of data on poverty in Canada, Welfare Incomes and Poverty Profile. Both of these reports were produced by the National Council of Welfare, whose funding was eliminated by the federal government in the spring 2012 budget. Alan writes “Caledon will combine Welfare Incomes and Poverty Profile into a new Caledon publication, the Canada Social Report….Details of this are on the Caledon site in a document titled Saving Welfare Incomes and Poverty Profile.
  • The Demonstrating Value initiative that was supported by HRSDC – CDPD shows new activity, with the release of a set of new performance snapshot examples, as well as an article series on describing, quantifying, and monetizing social value.
  • The new Ontario Non Profit Corporations Act (ONCA) was expected to come into force on  July 1, 2013. Originally slated for January 1, 2013, but, as noted in a letter to the Ontario Non Profit Network in late September, the new proclamation date has been delayed by six months. Read Jon Wade’s (CISED) summary of the event here.
  • Oxfam’s (UK) impact investment fund (The Small Enterprise Impact Fund) has struck its first deal, with a $1m loan to a Mongolian machinery and equipment leasing company. The fund will target small and medium enterprises in developing countries, and seek to give investors both measurable social impacts and financial returns.
  • Innotribe, with help from Ashoka,  is developing the Social Finance Innovation Platform, a mechanism to facilitate exploration of new initiatives and provide the support required for testing and development. The participating projects, which could be related to financial inclusion, financial literacy, technology and non-technology solutions or services, will be given the visibility and the opportunity for sponsorship from the financial institutions involved in the initiative.
  • The Charities Aids Foundation (UK) releases a report illustrating negative implications of payment-by-results mechanisms in squeezing out charities and social enterprises.
  • New Philanthropy Capital (NPC) has just published an article based on the research and evaluation it carried out on SSE’s impact. It found that: “organisations in the sample were 20% more likely to survive for five years than the average UK business, had very high average growth rates (17% annually) and reported continuous growth even during the recession
  • The Foundation Center has announced a new partnership with fifteen leading U.S. foundations to release their grant information in a consistent, open, and frequent manner.
  • Enter Impact Sourcing, the process of connecting poor and marginalised populations (often in developing countries) with digital jobs
  • Workshop – Charity Law Boot Camp: compliance and standards issues for Canadian Charities, Hosted by Mark Blumberg, and 3ci, Carleton University, Ottawa, October 12
  • Fall Institute 2012: Social Finance and Innovation for Adult Basic Learning: Opportunities and Challenges, New Brunswick, October 14-16
  • Toronto International Microfinance Summit and Rotman School of Management Microfinance Symposium October 16, 2012, Rotman School of Management, University of Toronto
  • Impact Investing Experts Speaker Series @ Rotman October 16, 2012, Rotman School of Management, University of Toronto
  • Workshop: Build your Social Enterprise. October 23rd, Ottawa, ON
  • Investors’ Circle Fall Venture Fair & Forum October 24-25, New York City
  • Social Impact Purchasing Summit November 7 & 8, 2012, Vancouver

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