amazon facebook_32 gplus_32 linkedin_32 pinterest_32 tumblr_32 twitter_32 website_32 youtube_32 email_32 rss_32

MySocialGoodNews is dedicated to sharing news about
social entrepreneurship, impact investing, philanthropy
and corporate social responsibility.

Crowdfunding for Social Good

Devin D. Thorpe

Devin Thorpe

Api Podder

1 2 3 497

Aisha C. Moodie-Mills to Leave Victory Fund and Victory Institute; Former Houston Mayor Annise Parker Now at the Helm

Press Release – Washington, DC – Today Victory Fund and Victory Institute announced the resignation of President & CEO Aisha C. Moodie-Mills, and that former Houston Mayor Annise Parker will be the new leader of the organizations. The transition comes as both organizations prepare for the enormous opportunities in the 2018 election cycle – with more LGBTQ candidates running for elected office than ever before. Mayor Parker’s experience as a former elected official, as well as decades of experience leading numerous organizations, will position Victory Fund and Victory Institute to be a vital player in electing LGBTQ people in the years ahead.

“As the first openly LGBTQ mayor of Houston, Annise understands the challenges inherent in running and winning elected office, and she’s ideally positioned to help us fulfill our mission now and in the future,” said One Victory Board Chair Kim Hoover. “During Aisha’s tenure we grew the organization’s leadership initiatives to ensure LGBTQ people from across the country were prepared to run for office and be a voice for our community. We invested in game-changing campaigns and took on anti-equality incumbents with historic LGBTQ candidates, and won. And we strengthened and grew our network of LGBTQ elected officials, who work tirelessly to be the change we want to see in the world. We are grateful for her leadership, and now we are excited to build on her great work and use Annise’s experience and expertise to ensure Victory Fund and Victory Institute have an even greater impact moving forward. And she is eager to get started.”

“Victory played such an important role in my political career, beginning with my run for Houston City Council through my campaign for mayor, and I am thrilled about the opportunity to lead the organizations and help other LGBTQ elected officials win and make change,” said Mayor Parker. “2018 could be a historic year for our community – with more openly LGBTQ people running for office in more places – and I am confident we will be a difference-maker in helping these candidates across the finish line. I appreciate all Aisha has done to take the organizations to the next level, and am honored to continue to build on that success.”

“Over the last two years I’ve been fortunate to lead an incredible team at Victory, and together we have achieved great progress in in our efforts to elect LGBTQ candidates across the country,” said Aisha C. Moodie-Mills, President & CEO of Victory Institute. “We witnessed a surge in the number of LGBTQ people from across the country who want to run for office and be our voice in the halls of power – and it has been so personally rewarding for me to have helped historic candidates win elections thought impossible just a few years ago. Most importantly, I am proud that we’ve positioned the organizations for growth at a critically important time – a turning point in our movement to build LGBTQ political power and wield it on behalf of equality. I am so happy that such a capable leader like Annise will be continuing the vital work of Victory Fund and Victory Institute, and look forward to supporting the organizations as they continue to secure representation for our community.”

Mayor Parker will begin serving as President & CEO of Victory Fund and Victory Institute on Monday, December 11.

Never miss another article! Join Devin here:

Report Provides Detailed Insight On The Impact Measurement And Management Practices Of Impact Investors

Press Release – NEW YORK, December 7, 2017 – A new report, published by the Global Impact Investing Network (GIIN), provides a comprehensive survey of the state of impact measurement and management (IMM) in the impact investing industry. The State of Impact Measurement and Management Practice, which captures data from 169 impact investors, provides valuable insight into how these organizations are assessing their social and environmental impact and how they are using that information for decision-making.

Key findings include:

Impact investors actively seek to understand and manage their impact. IMM is sometimes seen as a compliance or reporting activity; this research shows that IMM is actually a management tool, actively used by investors in a variety of ways to improve both their impact and business performance.

Impact Investors are motivated to achieve diverse types of impact through their investments and their approaches to IMM are designed to understand progress on those specific impact objectives. This diversity can be seen in the types of impact they seek to achieve and the groups of people they aim to benefit, such as women and girls or individuals of a certain socioeconomic status. The United Nations Sustainable Development Goals (SDGs) a common framework for defining impact goals. 42% of respondents seek to use their capital to address one or more of the SDGs, such as affordable and clean energy, decent work, and gender equality.

Impact investors use a variety of resources to measure and manage their impact. The majority of impact investors (62%) use IRIS – a catalog of metrics and guidance managed by the GIIN – to define key indicators, while 41% use B Analytics, and 26% use the Principles for Responsible Investment.

Both intrinsic and explicit incentives drive the activities of impact investors. Although most respondents said their staff and investees are intrinsically motivated by impact, several investors have applied creative strategies to bake impact incentives into their business practices, such as tying impact targets to staff compensation or follow-on capital for investees.

Although investors note significant progress in the utility of IMM practice, defining fundamentals for understanding impact, as well as in the sophistication of tools and frameworks available, fragmentation in approaches to IMM remains a significant challenge.

“To fully realize the potential of impact investing, the industry needs to effectively integrate impact considerations into the investment process,” said Amit Bouri, the GIIN’s Chief Executive Officer. “This means information on impact should be considered alongside risk, return, and liquidity factors, so investors can manage their portfolio toward both impact and financial objectives. This report provides first-of-its-kind information about the emerging practice of impact measurement and management, which aims to enable investors to use both impact and financial data for decision-making.”

GIIN’s Director of Impact Measurement and Management, Kelly McCarthy, added, “The GIIN’s research shows that nearly all impact investors report their impact performance in some way, but there is still progress to be made in terms of establishing norms for how we integrate impact into investment decision-making. This report reinforces the importance of transparency, credibility, and accountability in impact measurement and management practice across the impact investing industry as it continues to evolve and grow.”

What is IMM? Impact measurement is the process of setting impact goals and targets, selecting appropriate metrics, collecting and analyzing data, evaluating impact, and reporting to stakeholders (internal and external). Impact management is the process of assessing the impacts of an investment on people and the planet and using that information to inform investment strategy and to improve performance.

Never miss another article! Join Devin here:

Win $40,000 for Your Business Idea in the 2018 Utah Entrepreneur Challenge

All college students in Utah are invited to compete by submitting an executive summary by Feb. 15, 2018

Press Release – Dec. 7, 2017 – The application is now open for the 2018 Utah Entrepreneur Challenge. Every year, this event provides college students the opportunity to compete for a $40,000 grand prize and more than $100,000 in cash and in-kind prizes. All college students in Utah are welcome to participate in this business-model competition. The registration deadline is Thursday, Feb. 15, 2018, at noon.

The competition is managed by the Lassonde Entrepreneur Institute, an interdisciplinary division of the David Eccles School of Business at the University of Utah, and sponsored by Zions Bank.

“Competing in the Utah Entrepreneur Challenge for the past two years has helped me develop the skills and raise the capital to launch my businesses,” said Brody King, the chair of the event this year, an entrepreneur and a bioengineering student at the U. “I’m excited to use my perspective as a former competitor to make the 2018 Utah Entrepreneur Challenge the best one yet.”

With equity-free funding from Zions Bank, support from local businesses and an expanded professional network, the Utah Entrepreneur Challenge helps students launch their startup ideas. Last year’s $40,000 grand-prize winner, Rubi Life, developed a wearable fetal baby monitor and is currently working to secure additional funding from Kickstarter and venture capitalists across the country. Other past winners have gone on to raise millions of dollars in funding, expand throughout the world and achieve success.

To participate, students can visit the event website to download the competition packet and access the online application. Students must submit a 3-page executive summary for their business.

The top 20 teams will be selected based on their executive summaries and announced on Feb. 28, 2018. These teams advance to compete in the remaining phases of the competition, which include creating a 2-minute video, two pitches for live judging and tabling during the public showcase at Lassonde Studios on the U campus on April 7, 2018.

The Lassonde Entrepreneur Institute also hosts a related competition for high school students. The High School Utah Entrepreneur Challenge is open to all students in Utah ages 14-18. Teams are competing this year for $20,000 in cash and prizes. The application is open now until March 15, 2018.

Learn more about the Utah Entrepreneur Challenge here:

Find last year’s competition rankings here.

2017-2018 Utah Entrepreneur Challenge Timeline

  • Applications opens — Friday, Nov. 24, 2017
  • Application deadline — Thursday, Feb.15, 2018, noon
  • Online judging — Friday, Feb. 16 – Monday, Feb. 26, 2018
  • Top 20 announced — Wednesday, Feb. 28, 2018, noon
  • Top 20 video submission deadline — Monday, March 26, 2018, noon
  • Public video voting — Wednesday, March 28- Saturday, April 7, 2018
  • Top 20 PowerPoint submissions deadline — Friday, April 6, 2018, noon
  • Final Judging & Showcase — Saturday, April 7, 2018
    • Live Pitches and Judging: 7:30 a.m.-4 p.m.
    • Public Showcase and Awards Ceremony at Lassonde Studios: 4-6 p.m.

About the Lassonde Entrepreneur Institute

The Lassonde Entrepreneur Institute is a nationally ranked hub for student entrepreneurship and innovation at the University of Utah and an interdisciplinary division of the David Eccles School of Business. The first programs were offered in 2001, through the vision and support of Pierre Lassonde, an alumnus of the Eccles School and successful mining entrepreneur. The institute now provides opportunities for thousands of students to learn about entrepreneurship and innovation. Programs include workshops, networking events, business-plan competitions, startup support, innovation programs, graduate seminars, scholarships, community outreach and more. All programs are open to students from any academic major or background. The Lassonde Institute also manages Lassonde Studios, a new five-story innovation space and housing facility for all students. Learn more at

Never miss another article! Join Devin here:

New York Cares Held Its 2017 Winter Benefit Honoring Jeanne Straus And The David Rockefeller Fellows Program For Their Leadership And Commitment To Supporting New Yorkers

NBA Legend Bob Lanier Served as One of the Evening’s Master of Ceremonies

Press Release – (New York, NY) – New York Cares, the largest volunteer network in New York City, celebrated its 2017 Winter Benefit on Monday, December 4 at the Plaza in Manhattan. The evening drew over 560 guests and raised over $1.6 million. Funds raised at the Winter Benefit support the many thousands of volunteer-led programs New York Cares creates to respond to the needs of more than 400,000 disadvantaged New Yorkers each year.

This year, New York Cares honored founding board member Jeanne Straus for her thirty-year leadership and commitment to New York Cares, as well as Kathy Wylde and the David Rockefeller Fellows Program of the Partnership for the City of New York. The David Rockefeller Fellows Program prepares senior corporate executives for leadership in civic and public affairs through a year of meetings, discussions, and site visits that illuminate how the city works and how individuals can make a difference. More than 400 executives have participated in the fellows program to prepare to take a more active role in shaping the city’s future.

New York Cares partners with over 1,300 nonprofits and schools throughout the five boroughs to improve education, meet immediate needs, and revitalize public spaces. At the Winter Benefit, guests were read a letter from a 9-year-old recipient of New York Cares’ Winter Wishes program, which exemplified the message that we can all make a difference in the lives of our fellow New Yorkers.

“The rates of homelessness in our city continue to skyrocket and the amount of individuals spending their nights in shelters or on the streets now make up one-fifth of the population in New York City,” said Gary Bagley, Executive Director of New York Cares. “As New York Cares celebrates its 30th anniversary this year, it also marks its 30th year as the largest network of volunteers in New York City. By investing in New York Cares, you are fueling the great work of the thousands of volunteers who are making a much needed impact in our struggling communities every day.”

NBA Legend Bob Lanier, Robbie Gordy from Christie’s, and Harold Ford Jr. of Morgan Stanley were the evening’s auctioneers, leading a lively auction that helped to raise an additional $300,000 for New York Cares’ year-round programs.

About New York Cares

New York Cares is the largest volunteer network in the city. Last year, 64,000 New Yorkers made the city a better place by volunteering in New York Cares programs at over 1,300 nonprofits and schools –improving education, meeting immediate needs, and revitalizing public spaces. For more information, visit

Never miss another article! Join Devin here:

National Dream-Granting Organization Board of Directors

Santa Barbara resident Daryl Stegall joins Board of Dream Foundation

Press Release – Santa Barbara, Calif. –– Today, Dream Foundation, the only national dream-granting organization for terminally-ill adults, announced the appointment of Ms. Daryl Stegall to its National Board of Directors. As a member of the Board, Stegall will assist with overseeing Dream Foundation’s activities as well as assisting with fundraising to ensure that Dream Foundation has the ability to fulfill its mission of serving final Dreams to terminally-ill adults.

“Daryl’s passion for Dream Foundation, its mission, and its thousands of Dreamers has been unwavering,” said Kisa Heyer, Dream Foundation’s Chief Executive Officer. “Her dedication and experience make her a perfect addition to the esteemed Board and we are delighted to welcome her.”

Stegall has held several positions in the corporate sales and marketing arenas, including roles at Xerox Corporation and American Advertising. Most recently, Stegall served as a marketing and communications consultant in the clinical skincare industry, where she was instrumental in developing and implementing a skincare program for patients undergoing chemotherapy and radiation that is currently implemented in several nationally-recognized cancer centers.

In addition to her current role on Dream Foundation’s Board of Directors, Stegall is an advisory board member of the Breast Cancer Resource Center of Santa Barbara and has been actively involved in many organizations including the Teddy Bear Cancer Foundation, Ganna Walska Lotusland, and Crane Country Day School. Stegall has previously held board positions at the Laguna Blanca School, the International Spirit of Life Foundation, Science of Skincare, the Santa Barbara International Film Festival, Sarah House and the Phoenix chapters of Make-A-Wish Foundation, Juvenile Diabetes Foundation, and the American Heart Association’s Heart Ball.

“I am always humbled when I have the opportunity to meet a Dreamer or learn about a Dream. They are rarely elaborate requests. More often than not, they are fairly simple: a wheel chair ramp so they can enjoy the park during their last days, a comfortable mattress, an airplane ticket home to spend what little time they have left with loved ones, or gathering family together for a final reunion. This is just a small sampling of the Dreams that I have come to know and I am honored to help Dream Foundation continue to grant these very important end-of-life Dreams.”

Ms. Stegall has been an active supporter of Dream Foundation since 2005 and served as the organization’s Dreamland Gala Chair in 2016 and 2017.

About Dream Foundation:

Dream Foundation, the only national dream-granting organization for terminally-ill adults, fulfills final Dreams that provide inspiration, comfort and closure at the end of life. With the support of a nationwide network of volunteers, hospices, health care organizations and committed donors, Dream Foundation has given life to more than 27,000 final Dreams over the past two decades and has never turned down a qualified applicant. The Foundation is proud to maintain Charity Navigator’s four-star rating—its highest—for sound fiscal management ensuring its donors and partners that their investment will be used wisely. Dream Foundation receives no state or federal funding—we rely solely on private donations. To support our mission please visit

Never miss another article! Join Devin here:

Hartford Funds Launches its First NextShares Product

Hartford Global Impact NextShares Fund Brings Socially Responsible Investing to the NextShares Platform

Press Release – Wayne, Penn. December 7, 2017 – Hartford Funds today announced the launch of Hartford Global Impact NextShares Fund (HFGIC), the firm’s first NextShares product. NextShares are an innovative way to invest in actively managed strategies, which, because they trade on an exchange, may offer cost and tax efficiencies that may enhance shareholder returns. Hartford Global Impact NextShares Fund seeks long-term capital appreciation by investing in companies throughout the world that it believes are likely to address major social and environmental challenges.

“The Hartford Global Impact NextShares Fund is yet another step we are taking in listening to financial advisor demand for lower-cost, tax-efficient, and innovative products that can help investors reach their goals,” said Vernon Meyer, Chief Investment Officer of Hartford Funds. “The Hartford Global Impact NextShares Fund allows us to offer actively managed strategies while also providing investors the opportunity to align their portfolios with their values.”

“We are proud to partner with Hartford Funds to bring Hartford Global Impact NextShares Fund to market,” said Stephen Clarke, President of NextShares Solutions LLC. “It is the first equity NextShares product to invest in companies whose core business seeks to address the world’s major social and environmental challenges.”

NextShares, which, as an exchange-traded managed fund (“ETMF”), offer investors a new way to tap into and capitalize on actively managed strategies with potential cost and tax advantages, seek to outperform their benchmark index and peer funds based on their manager’s investment insights and research judgments. NextShares offers the potential benefits of protecting the confidentiality of fund trading information and providing trading cost transparency to fund investors.

Hartford Global Impact NextShares Fund will invest in companies that focus their operations in areas that address themes including, but not limited to, sustainable agriculture and nutrition, health, clean water and sanitation, affordable housing, education and training, financial inclusion, narrowing the digital divide, alternative energy, resource stewardship and efficiency, as determined by the sub-adviser, Wellington Management Company LLP (“Wellington Management”). The Fund will operate as a “feeder fund” under a master-feeder structure along with the Hartford Global Impact mutual fund, with both funds investing all of their assets in shares of the Global Impact Master Portfolio.

The Hartford Global Impact NextShares Fund complements Hartford Funds’ two existing socially responsible investment products, the Hartford Global Impact Fund (HGXAX) and the Hartford Environmental Opportunities Fund (HEOMX).

Wellington Management’s Eric Rice, Managing Director and Portfolio Manager, and R. Patrick Kent, Managing Director and Portfolio Manager, will serve as the portfolio managers of the Hartford Global Impact Master Portfolio.

About Hartford Funds

Founded in 1996, Hartford Funds is a leading asset manager, which provides mutual funds, ETFs, and 529 college savings plans. Using its human-centric investing approach, Hartford Funds creates strategies and tools designed to address the needs and wants of investors. Leveraging partnerships with leading experts, Hartford Funds delivers insight into the latest demographic trends and investor behavior.

The firm’s line-up includes more than 55 mutual funds in a variety of styles and asset classes, as well as a variety of multifactor and active ETFs. Its mutual funds (with the exception of certain fund of funds) are sub-advised by Wellington Management or Schroder Investment Management North America Inc. The strategic beta ETFs offered by Hartford Funds are designed to help address investors’ evolving needs by leveraging a unique risk-optimized approach, which identifies risks within each asset class and then deliberately and systematically re-allocates capital toward risks more likely to enhance return potential. As of September 30, 2017, Hartford Funds had approximately $95.6 billion (excluding assets used in certain annuity products) in discretionary and non-discretionary assets under management. For more information about our investment family, visit

About NextShares

Shares of NextShares funds are normally bought and sold in the secondary market through a broker, and may not be individually purchased or redeemed from the fund. In the secondary market, buyers and sellers transact with each other, rather than with the fund. NextShares funds issue and redeem shares only in specified creation unit quantities in transactions by or through Authorized Participants. In such transactions, a fund issues and redeems shares in exchange for the basket of securities, other instruments and/or cash that the fund specifies each business day. By transacting in kind, a NextShares fund can lower its trading costs and enhance fund tax efficiency by avoiding forced sales of securities to meet redemptions. Redemptions may be effected partially or entirely in cash when in-kind delivery is not practicable or deemed not in the best interests of shareholders. A fund’s basket is not intended to be representative of the fund’s current portfolio positions and may vary significantly from current positions. As exchange-traded securities, NextShares can operate with low transfer agency expenses by utilizing the same highly efficient share processing system as used for exchange-listed stocks and ETFs.

Market trading prices of NextShares are linked to the fund’s next-computed net asset value (NAV) and will vary from NAV by a market-determined premium or discount, which may be zero. Buyers and sellers of NextShares will not know the value of their purchases and sales until after the fund’s NAV is determined at the end of the trading day. Market trading prices may vary significantly from anticipated levels. NextShares do not offer investors the opportunity to buy and sell intraday based on current (versus end-of-day) determinations of fund value. NextShares trade execution prices will fluctuate based on changes in NAV. Although limit orders may be used to control trading costs, they cannot be used to control or limit trade execution prices. As a new type of fund, NextShares have a limited operating history and may initially be available through a limited number of brokers. There can be no guarantee that an active trading market for NextShares will develop or be maintained, or that their listing will continue unchanged. Buying and selling NextShares may require payment of brokerage commissions and expose transacting shareholders to other trading costs. Frequent trading may detract from realized investment returns. The return on a shareholder’s NextShares investment will be reduced if the shareholder sells shares at a greater discount or narrower premium to NAV than he or she acquired the shares.

NextShares™ is a trademark of NextShares Solutions LLC. All rights reserved. Used with permission.

Important Information

All investments are subject to risk, including the possible loss of principal. There is no guarantee the Fund will achieve its stated objective. The net asset value (NAV) of the Fund’s shares may fluctuate due to changes in the market value of the Fund’s holdings, as well as the relative supply of and demand for the shares on an exchange. Foreign investments can be riskier and more volatile than U.S. investments due to the adverse effects of currency exchange rates, differences in market structure and liquidity, as well as political and economic developments in foreign countries and regions (e.g., “Brexit”). These risks are generally greater for investments in emerging markets. Small-cap securities can have greater risk and volatility than large-cap securities. Investing in companies that seek to address major social and environmental challenges may cause the Fund to forego certain investment opportunities and underperform Funds that do not have a similar focus. By investing in cash and money market instruments, the Fund may lose the benefit of market upswings. The Fund invests in a Master Portfolio so it is subject to master-feeder structure risk. Other feeder funds may invest in the Master Portfolio. A large-scale redemption by another feeder fund may increase the proportionate share of the costs of the Master Portfolio borne by the remaining feeder fund shareholders, including the Fund. The Fund is actively managed and does not seek to replicate the performance of a specified index. To the extent the NextShares Fund has a limited number of authorized participants (APs) who transact in its shares, the Fund may be adversely affected if an AP chooses not to make such transactions.

Investors should carefully consider a fund’s investment objectives, risks, charges and expenses. This and other important information is contained in the fund’s prospectus and summary prospectus (if available), which can be obtained by visiting Please read it carefully before investing.

Hartford Funds refers to Hartford Funds Management Group, Inc., and its subsidiaries, including the mutual funds’, ETMFs’ and active ETFs’ investment manager, Hartford Funds Management Company, LLC (HFMC), the mutual funds’ distributor, Hartford Funds Distributors, LLC, Member FINRA, as well as Lattice Strategies LLC, a wholly owned subsidiary of HFMC, which serves as the investment adviser to strategic beta exchange-traded funds (ETFs). Certain funds are sub-advised by Wellington Management Company LLP or Schroder Investment Management North America Inc. Schroder Investment Management North America Ltd. serves as a secondary sub-adviser to certain funds. All ETFs and ETMFs are distributed by ALPS Distributors, Inc. (ALPS). Hartford Funds is not affiliated with any fund sub-adviser or ALPS.


Some of the statements in this release may be considered forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. We caution investors that these forward-looking statements are not guarantees of future performance, and actual results may differ materially. Investors should consider the important risks and uncertainties that may cause actual results to differ. These important risks and uncertainties include those discussed in The Hartford’s Quarterly Reports on Form 10-Q, our 2016 Annual Report on Form 10-K and the other filings The Hartford makes with the Securities and Exchange Commission. We assume no obligation to update this release, which speaks as of the date issued.

From time to time, The Hartford may use its website to disseminate material company information. Financial and other important information regarding The Hartford is routinely accessible through and posted on our website at In addition, you may automatically receive email alerts and other information about The Hartford when you enroll your email address by visiting the “Email Alerts” section at

Never miss another article! Join Devin here:

UNICO National Donates $50,000 to a Hospital in Rieti, Italy Devastated by an Earthquake in 2016

Press Release – FAIRFIELD, N.J., Dec. 7, 2017 /PRNewswire/ — UNICO National, the largest Italian American Service Organization in the country, has donated $50,000 its members raised after the August 2016 earthquake near Amitrice in central Italy to the Azienda Sanitaria Locale Rieti Hospital. UNICO National President Tom Vaughan said “This was an effort started last year by Immediate Past National President Dominick Nicastro. I want to thank Dominick and all of our members for their generous donation which will go directly to a local hospital in Rieti.”

UNICO National Foundation President John DiNapoli, who orchestrated the donation, said that “the funds will go exclusively for the purchase of medical equipment and repairs to the hospital facility.”

UNICO National, founded in 1922, has local chapters throughout America. Its volunteer members support charitable, educational, and community service projects while promoting Italian heritage.

Never miss another article! Join Devin here:

Closed Loop Partners Announces The Appointment Of A VP Of Closed Loop Oceans

New team member will lead the development of the firm’s work to finance waste and recycling infrastructure in emerging economies to address ocean plastics

Press Release – New York — Closed Loop Partners today announced the appointment of Grant Collins as Vice President of Closed Loop Oceans, its initiative to develop a new funding mechanism to prevent plastic waste from leaking into the world’s oceans. Closed Loop Oceans is a collaborative initiative in partnership with Ocean Conservancy, the Trash Free Seas Alliance, Closed Loop Partners, 3M, PepsiCo, Procter & Gamble, The Coca Cola Company, the American Chemistry Council and the World Plastics Council.

Research indicates that the majority of plastic debris originates from five fast growing economies in Asia – Indonesia, the Philippines, Vietnam, Thailand and China. As a result, the initiative will focus on galvanizing investment in waste management and recycling solutions in Southeast Asia.

Mr. Collins, who has spent over two decades in the international capital and commodities markets as a financier and a lawyer, joins Closed Loop Partners from Charlotte Square Consulting, where he focused on the development of innovative risk management and investment products with ethical or socially responsible objectives.

“With his multidisciplinary expertise in a broad range of developing economies, particularly those in Asia, as well as his deep knowledge of various investment products,” said Rob Kaplan, Managing Partner of Closed Loop Partners, “Grant is ideally positioned to lead this complex and impactful initiative to bring capital market solutions to bear on a global challenge — improving environmental, social, and economic outcomes across the region.”

“I am delighted to be joining Closed Loop Partners,” said Mr. Collins, “and to have the opportunity of contributing to the development of a funding strategy that will facilitate new sources of public and private investment in Southeast Asia’s waste management and recycling ecosystem while also demonstrating positive investment returns and tangible environmental impact.”

At the Our Ocean 2017 conference, a global gathering of world leaders to address some of the world’s most pressing ocean challenges, the Closed Loop Oceans initiative was announced. This initiative is designed to fund waste management and recycling solutions in Southeast Asia, with a focus on investments to improve collection, sorting and recycling markets. Nearly half of the plastic that flows into the ocean every year – an estimated 8 million metric tons – escapes from waste streams in just five rapidly developing economies in Asia (Indonesia, the Philippines, Vietnam, Thailand and China). Mr. Collins will be leading this work.

Closed Loop Partners

Closed Loop Partners invests in sustainable consumer goods, advanced recycling technologies and the development of the circular economy.

Thousands of Jewish Young Adults to “Act Now for Racial Justice” on MLK Day 2018

Repair the World’s fifth annual MLK Day campaign confronts inequity and grows in size

Press Release – New York, NY – The largest Jewish service organization, Repair the World, will call young adults to confront inequity for the fifth year running, organizing its MLK Day 2018 campaign under the imperative to “Act Now for Racial Justice” ( Thousands of young adults will address pressing racial justice issues on Martin Luther King Day 2018 through Repair the World’s ongoing campaign, “Act Now for Racial Justice.” Along with service experiences in major cities, such as packaging books to send to people who are incarcerated, new resources are available for young adults to engage their neighbors, friends, and family in challenging, meaningful conversation rooted in Jewish values about racial injustice.

“Young adults are passionate and resolute in confronting the racial inequity that continues to devastate lives and communities half a century after we lost Dr. King,” said David Eisner, CEO of Repair the World. “They see the ravaging discrimination that people of color experience on our streets, in our schools, in our workplaces and even in our faith-based organizations, and they recognize it for what it is: systemic racism. They want to act with what Dr. King called, ‘The fierce urgency of now,’ which Repair the World honors with our ongoing call to ‘Act Now.’”

“Young adults also know that addressing issues of race requires personal work dealing with each of our own relationships to race, together with our family, friends, and communities,” Eisner continues. “We hope that Repair the World meets their needs by making more opportunities available to young adults, by connecting them to other organizations with different kinds of opportunities, and by supporting the meaningful discussions and relationships. And, although we’ve called special attention to this work each MLK Day for five years, we aspire to support young adults in taking action all year, every year.”

To spark and facilitate dialogue that directly addresses racial inequality, Repair offers three discussion guides rooted in Jewish values and three service learning resources that explore how inequities around food and education find roots in systemic racism — all through a Jewish lens. Resources include:

  • Jewish Perspectives on Racial Justice: Systemic racism is broad, and it also hits uncomfortably close to home in the Jewish community. We must include Jews of Color in addressing these issues as one multiracial, multiethnic Jewish community.
  • Failing at Literacy: The United States education system was founded during slavery, and continues to stack the deck against non-whites in a way that devastates lives, decimates communities and discriminates, especially against African Americans, even in comparison to white Americans living in our poorest communities.
  • Food Justice Through Generous Listening: An important element of ending food-related discrimination — supporting “food sovereignty” among communities of color — requires deeper local relationships by organizations and volunteers working to alleviate hunger and make nutritious, affordable, fresh and culturally appropriate food more locally available.

Repair the World kicked off its ten-month call for young adults to Act Now in the run-up to the 2017 High Holidays (Act Now for a Different Kind of Service) and Thanksgiving (Act Now Against Hunger); and, after MLK Day’s Act Now for Racial Justice, is excited to unveil plans for Act Now around the Jewish holidays of Purim and Passover. Repair the World has found that connecting urgent needs to address specific issues with special times in the calendar can increase mobilization as people may be looking to connect their celebration of a holiday with what they care about.

“The Calendar-Cause Connection that the call to Act Now and other Repair the World campaigns feature is a nod to how integrated young Jews’ lives are today,” Eisner adds. “As they witness communities and issues they care about being pushed to the side, young adults are finding opportunities in every aspect of their lives to bring those communities and issues back to the center. We see this in their social activities, the meals they share with family and friends, their academic and extracurricular work, their vacations and travel, and more. Many of these activities connect to special times of the year, and Repair the World seeks to make the best opportunities available to them to put social action, through a Jewish lens, at the center of their lives.”

Repair the World anticipates that more than 10,000 people will engage in service experiences organized by individuals and local nonprofits around the country. Hundreds are expected to use the resources and to host meals built around the intersections of food, education, and racial justice from a Jewish framework, providing deeper meaning and impact for all involved. Since research shows that seeing their work bring meaning and having a positive impact are the drivers of future and deeper engagement by young adults, Repair the World’s central efforts and innovations focus on rapidly scaling the availability of meaningful and impactful opportunities to support social change through a Jewish lens.

Never miss another article! Join Devin here:

Reed Smith’s Social Impact Finance Group Structures World’s First Cross-border Healthcare Impact Bond

Press Release – LONDON – December 6, 2017 – On November 30, UBS Optimus Foundation and Palladium International Limited announced the formation of the world’s first healthcare development impact bond, aimed to reduce mother and baby deaths in Rajasthan, India. Reed Smith LLP acted as lead transaction counsel on both the structuring and legal aspects of the DIB.

Optimus will provide upfront funding up to $3.5 million over three years to Palladium, who will be managing the implementation of the DIB. USAID and Merc for Mothers are Outcome Payers on the transaction.

This ground-breaking impact bond will focus on reducing the number of maternal and newborn deaths in Rajasthan, India. Rajasthan has one of the highest maternal and newborn mortality rates in the country, with 244 maternal deaths per 100,000 births and 47 infant deaths per 1000 live births. The Maternal and Newborn Health DIB – known as the ‘Utkrisht bond’, taken from the Hindi for ‘Excellence’ – will support government efforts to reduce maternal and newborn deaths by improving access to, and the quality of care in, up to 440 private healthcare facilities in Rajasthan. The improvements are expected to benefit up to 600,000 women and could lead to more than 10,000 maternal and newborn lives being saved over five years.

The Reed Smith team was led by London-based partner Ranajoy Basu and included Andrzej Janiszewski (Counsel), Priya Taneja (Senior Associate) and Richelle Teo (Associate). The Reed Smith team had also advised Optimus on its first DIB, the three-year Educate Girls DIB that aims to keep girls from dropping out of schools and to improve education performance.

“Impact bonds are an innovative way of financing international development. They are 100% focused on outcomes and have the potential to leverage private philanthropic capital to address some of the world’s greatest challenges,” said Basu.

The bond is Optimus’ second DIB in Rajasthan. In 2015, Reed Smith also advised Optimus on the three-year Educate Girls DIB, which is focused on improving educational performance of girls in Rajasthan. This bond was the world’s first development impact bond for education, and the second-year results indicate exciting progress for the program.

These two ground-breaking DIBs follow on from the wider work of Reed Smith’s global Social Impact Finance Group, which represents organisations and individuals – including investors, social entrepreneurs, financial institutions, private and institutional investors, social enterprises, and microfinance institutions – who are pioneering the development of innovative business models to address pressing social need.

For additional information, please refer to announcements made by Optimus and Palladium announcing this DIB and partner organizations.

About Reed Smith

Reed Smith is a dynamic international law firm, dedicated to helping clients move their businesses forward.

Its long-standing relationships, international outlook and collaborative structure make it a go-to partner for speedy resolution of complex disputes, transactions, and regulatory matters.

For further information, please visit

Never miss another article! Join Devin here:

1 2 3 497
Don't miss any Good News!
Subscribe to news from!
* = required field
Content I want:

Find Us On

amazon facebook_32 gplus_32 linkedin_32 pinterest_32 tumblr_32 twitter_32 website_32 youtube_32 email_32 rss_32