Nonprofits urgently need two- to five-year bridge financing right now – but foundations could step in by pledging some of their assets as collateral. Mark Kramer, co-founder and managing director of FSG, calls for bold leadership.
Bite-sized stories this week from the impact economy around the world: a “historic shift” among impact investors on impact measurement, insights on family giving, Starbucks backs coffee cup recycling drive, and more.
What happens when a philanthropic foundation starts offering repayable finance? Anything from stronger relationships with investees to “awful situations”, as we heard recently. Pioneers Post digs a little deeper.
Social investors are too busy looking to the rooftops, instead of spending time helping investees build strong and solid foundations – leaving a clear role for impact-first foundations moving into this space.