Social Impact Investing

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SOCIAL IMPACT INVESTMENT: BUILDING THE EVIDENCE BASE Regulation m UK Futurebuilders Supply http://www.futurebuilders-england.org.uk/ UK UK Community Interest Company (CIC) Dormant Bank and Building Society Account Act Tax & Regulation Tax & Regulation US US Small Business Investment Company Impact Investment Fund Program-Related Investments Supply Tax & Regulation US Community Reinvestment Act Other US Low-Income Housing Tax Credit Tax & Regulation US National Housing Trust Fund Supply http://nlihc.org/issues/nhtf US US US Riegle Community Development and Regulatory Improvement Act Community Development Financial Institutions Fund New Markets Tax Credit Tax & Regulation Supply \ Demand Tax & Regulation https://www.gov.uk/government/organisations/office -of-the-regulator-of-community-interest-companies https://www.gov.uk/government/publications/review -of-the-dormant-bank-and-building-society-accountsact-2008 UK Investment and Contract Readiness Fund (ICRF) Demand http://www.beinvestmentready.org.uk/about/ UK Big Society Capital (BSC) Intermediaries http://www.bigsocietycapital.com/ UK Social Outcomes Fund Supply http://blogs.cabinetoffice.gov.uk/socialimpactbonds/ outcomes-fund/ UK Commissioning Academy Supply https://www.gov.uk/the-commissioning-academyinformation UK Social Value Act Other https://www.gov.uk/government/publications/publicservices-social-value-act-2012-1-year-on UK Unit Cost Database Other http://data.gov.uk/sib_knowledge_box/toolkit UK Social Investment Tax Relief (SITR) Tax & Regulation http://www.hmrc.gov.uk/sitr/ http://www.sba.gov/category/lender-navigation/sbaloan-programs/sbic-program/generalinformation/impact-investment-sbic http://www.irs.gov/Charities-&-Non-Profits/Private- Foundations/Program-Related-Investments http://www.federalreserve.gov/communitydev/cra_ab out.htm http://portal.hud.gov/hudportal/HUD?src=/program_ offices/comm_planning/affordablehousing/training/w eb/lihtc/basics https://www.govtrack.us/congress/bills/103/hr3474 http://www.cdfifund.gov/ http://www.irs.gov/pub/irs-utl/atgnmtc.pdf Note: Information on Germany is available (NAB_GER, 2014) but not yet in English and will be added once available. SIBs are considered as policy instruments but are not included in this table because they are exhaustively covered in Annex 3.1, Chapter 3. This table excludes policy instruments targeting areas or activity that does not fit within the OECD working definition presented in Chapter 4. The table only provides information on SII-specific policy instruments. Therefore, policy instruments that affect SII but do not necessarily target the SII ecosystem (e.g. seed funds; regulations on institutional investors asset allocation and risk) are excluded. Source: OECD, based on National Advisory Board (NAB) reports — NAB_AUS (2014), NAB_CAN (2014), NAB_GER (2014), NAB_FRA (2014), NAB_ITA (2014), NAB_JAP (2014), NAB_UK (2014), NAB_US (2014). 126 © OECD 2015
SOCIAL IMPACT INVESTMENT: BUILDING THE EVIDENCE BASE 8. CONCLUSIONS AND NEXT STEPS 8.1 As social needs continue to grow, social impact investment can open the door to greater innovation in the way that social issues are tackled and potentially provide new ways to more efficiently and effectively allocate public and private capital to address social and economic challenges at the global, national and local levels. While these innovative new approaches will not replace the core role of the public sector or the need for philanthropy, they can provide models for leveraging existing capital using market-based approaches with potential to have greater impact. 8.2 Interest and activity in social impact investment continues to develop around the world. There is a greater recognition of the need for effective solutions to social challenges drawing a growing and broader range of capital providers. Private sector investors, such as foundations, high net worth individuals and institutional investors are increasingly interested in making investments that can have both a social and a financial impact, which has implications for developed and developing countries. 8.3 The social impact investment market is at an important inflection point. Awareness, interest and activity have increased, in particular due to the international initiative launched under the U.K. G8 Presidency in 2013 and the subsequent work of the Social Impact Investment Taskforce and the National Advisory Boards. These initiatives are now moving into a new phase which will include expanding to the G20 countries and beyond. 8.4 This paper has attempted to provide frameworks and approaches for thinking definitions and data in the social impact investment market, highlighting the implications for policy. The paper seeks to deepen the discussions about the definitions of social impact investment to enable clearer comparisons within and across countries. 8.5 The social impact investment ecosystem framework outlined in the paper highlights the importance of starting with the social needs and beneficiaries, not with the financial instruments being applied. A mix of financing instruments can then be tailored to those particular needs and beneficiaries. As discussed in Chapter 5, the context within each county is a critical determinant for the possible opportunities for social impact investment. 8.6 Given the growing level of activity in the social impact investment market around the world, it is crucial to build the evidence base to understand what works and ensure that capital is put to work on interventions that achieve the intended impact. This includes systematically collecting data and being able to use the data in a cross-country comparable way to better track the development of the market. 8.7 In particular, further work is needed to assess the role of SII in developing countries. This report has focused on the G7 and Australia. Further work could expand the scope to the G20 countries and beyond. Changes in the development finance landscape will require new measures to capture the full spectrum of financial instruments and facilitate the analysis of funding from all sources. The shift in sources of financial flows will also require further analysis of the trade-offs in terms of various types of financing, including SII, as well as a scoping in terms of which market settings are more appropriate for various types of financing. This could build upon current OECD work on financing for development. © OECD 2015 127
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Domini, shareholder advocacy and co
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Two good things came out this resea
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Fund Azzad Ethical Mid Cap Fund Bri
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Fund Fund A Praxis Growth Index Fun
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development in the US, or are made
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concern, and submitting and voting
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sustain land trusts, to a meeting o
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that are often excluded from market
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Some organisations that have used S
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it helps identify the critical sour
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and shareholder trust through posit
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Approaches Some commentators have i
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Wieland and Handfield (2013) sugges
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EthicalQuote (CEQ) tracks reputatio
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Displaying commitment to CSR is one
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Brand Differentiation CSR can help
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takes health and safety, diversity
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advance with the practice of CSR wh
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Stakeholder Influence One motivatio
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Regulation Fifteen European Union c
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jurisdictions. E.g., some jurisdict
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"Impact investments can be made in
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venture capital community. Investor
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countries via local intermediaries.
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determining views of affected commu
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Another measure of economic impact
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The Board for the CCEG was to inclu
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17 Love Relationship Online dating
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Social Value Act 2012 legislation.
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Development released a report outli
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Benefits and Costs of Social Impact
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UK On 18 March 2010, Secretary of S
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US Massachusetts: The second of two
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US Federal: The U.S. Department of
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would establish a five-year pilot p
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We are dedicated to finding ways to
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In the past, public monies have oft
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indicate that more Americans want t
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Youth" to "Opportunity Youth" in or
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income must file a Form 990. The fo
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In its first three years, SIF has a
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The Office of Social Innovation pri
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of Management at UCLA; and launched
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Notes _____________________________
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Investing for Impact Case Studies A
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Contents What is Impact Investment?
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What is Impact Investment? Impact I
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A case study approach in an asset a
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Segments of Impact Investors High T
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Foundations Like high net worth ind
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in the developed and the developing
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By creating mechanisms through whic
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Asset Allocation Framework Asset cl
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Cash Shorebank Deposit Program fina
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Mezzanine/Quasi Equity Instruments
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Venture Capital Bridges Ventures CD
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Real Estate JP Morgan Urban Renaiss
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absolute return (hedge funds) BelAi
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senior debt Root Capital Impact Fir
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Venture Capital Aavishkaar Impact F
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eal estate Ignia Impact First Inves
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senior debt Root Capital Layered St
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The New York City Acquisition Fund
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Appendix Methodology The Investing
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Websites •• Bridges Ventures: h
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Cash Quasi Equity Public Equity Buy
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SOCIAL IMPACT INVESTMENT: BUILDING
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Page 301 and 302: Global Research 29 November 2010 Im
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Impact Investments: An emerging ass
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Advocacy Foundation Publishers The
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XVI for Drug-Free Communities Landm
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Vol. VIII 2022 ComeUnity ReEngineer
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Vol. XV 2029 Inner-Cities Revitaliz
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The e-Advocate Journal of Theologic
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Issue Title Quarterly Vol. I 2015 I
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The e-Advocate Juvenile Justice Rep
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2018 - The Theological Law Firm Aca
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About The Author John C (Jack) John
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Social Impact Investing

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