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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

Social Entrepreneurship

This category includes articles about social entrepreneurs, typically about businesses with a for-profit model with a social mission embedded into the fabric of the business.

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.

www.closedlooppartners.com

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 www.reedsmith.com


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Novozymes And Grundfos Kick Off Collaboration For Clean Water

Biology and pump technology are combined, when the two leading global players enter an open innovation collaboration to find new solutions to the world’s water challenges.

Press Release – COPENHAGEN, Denmark – December 4, 2017 – When you combine biotech with cutting-edge water technology, you might find new solutions to some of the most pressing global issues concerning water scarcity. Thereby, you can make a direct impact on the UN’s Sustainable Development Goal 6, aiming at securing universal access to water and sanitation by 2030.

This is the scope, when the world’s leading expert in enzymes and microorganisms, Novozymes, and Grundfos, the global leader in advanced pump technologies, enter an open innovation collaboration.

The partnership takes place on HelloScience.io, an online universe launched by Novozymes in September 2017 where entrepreneurs, startups and others can connect with industry.

“This is a great opportunity. Partnering with Grundfos opens new possibilities for Novozymes, the HelloScience platform and its users. Until now, we have been able to connect the startups and academics, who are part of this network, with our knowledge about enzymes and microorganisms, and allowing them to use samples in their work, but now we can also connect them with Grundfos’ expertise in water treatment,” says Claus Crone Fuglsang, Senior Vice President, Research & Technology at Novozymes.

The two companies embark on their innovation voyage today. Four specific challenges will be posted online, allowing all in the HelloScience community to pitch their ideas on how to secure clean water for more people – and receive sparring, input and assistance from both Novozymes and Grundfos. The two companies seek solutions to remove polluting chemicals from water and improve cleaning of wastewater. That includes better filtering, less sludge, and recovery of phosphate, a precious nutrient, from wastewater.

“This is an excellent chance to see what we can do in combination with Novozymes. Adding biotechnology to what we can do in for instance digital dosing might very well open brand-new possibilities for e.g. water treatment. And while we strengthen our connection with Novozymes, we also get an opportunity to review fresh takes on the water challenges from all over the world. We need new partnerships to solve these great challenges, and this is another step down that road,” says Lars Enevoldsen, Group Vice President, Technology & Innovation at Grundfos.

You can browse HelloScience and take a closer look at the challenges here: https://helloscience.io/


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​JLens Hosts First Impact Investing Summit for Jewish Communal Leadership

The Jewish Impact Investing Summit is Tuesday December 5th in NYC

Press Release – NEW YORK, Dec 1, 2017 /PRNewswire/ — JLens, an investor network that explores a Jewish lens on investing and serves as the bridge between the Jewish community and the impact investing movement, is holding the first Jewish Impact Investing Summit in New York City at Fordham University this Tuesday Dec 5, 2017.

Summit partners include flagship Jewish institutions: the Jewish Federations of North America, UJA Federation of New York, Hadassah, Anti-Defamation League, Jewish Funders Network, Federation of Northern New Jersey, and Hazon. Additional Summit partners include the Glazer Foundation, Leichtag Foundation, Morningstar Foundation, EJ Friedman Philanthropies, W.K. Kellogg Foundation, Nathan Cummings Foundation, and Ford Foundation.

“Historically the values-based investing movement has not included the organized Jewish community,” says Julie Hammerman, JLens’ Executive Director. “The Summit seeks to change this by exploring impact investing through a uniquely Jewish lens.”

The summit begins with a session entitled “Rabbinic Insights on Investment and Business as a Force for Good” with respected rabbis Yitz Greenberg, Julie Schonfeld, and Aaron Panken.

Rabbi Jacob Siegel, JLens’ Director of Engagement, says: “While this summit will feature the first ever panel of rabbis on impact investing, Judaism actually has thousands of years of wisdom to navigate the balance between profit and impact.”

The next session, “Introduction to Impact Investing” features thought leaders Fran Seegull, Sir Ronald Cohen, Jonathan Greenblatt, and Joel Wittenberg. Other sessions focus on shareholder advocacy on social and environmental issues, BDS, multi-faith collaboration, the United Nations Sustainable Development Goals, and the impact investing ecosystem in Israel. Full list and biographies of speakers available here.

Nearly 300 lay and professional Jewish communal leaders will be in attendance. The idea for the summit originated at the 2016 Vatican Impact Investing Conference. To register, visit www.jiis.eventbrite.com

About JLens

JLens is based in San Francisco and New York City. In addition to educational events and curriculum, JLens assists Jewish institutions with values-based investing, and conducts shareholder advocacy with public companies on behalf of Jewish communal concerns (social issues, environmental preservation, and support for Israel). Follow JLens on Twitter, Facebook and LinkedIn.

Summit updates at #JIIS17


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World’s First Healthcare Development Impact Bond Aims To Reduce Mother And Baby Deaths In Rajasthan, India

  • The world’s first development impact bond in healthcare is focused on improving the quality of care among private maternity care providers in Rajasthan.
  • If successful, up to 10,000 maternal and newborn deaths could be averted over a five-year period.
  • Partners include USAID, UBS Optimus Foundation, Palladium, PSI, HLFPPT and MSD for Mothers.

Press Release – The world’s first healthcare development impact bond aimed at reducing the number of maternal and newborn deaths in Rajasthan, India, launches today.

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.

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.

For this impact bond, the upfront funder, UBS Optimus Foundation will provide up to USD 3.5 million initial working capital so service providers can begin their work with private facilities in Rajasthan.

Interventions will be delivered by NGOs Population Services International (PSI) and HLFPPT and will reach up to 600,000 pregnant women with improved care during delivery and could lead to up to 10,000 maternal and newborn lives being saved over a five year period. The impact bond was designed by Palladium, who will manage implementation throughout the three-year term.

PSI has adapted its Engage, Launch and Support quality improvement framework and will be implementing this in 14 districts of Rajasthan. HLFPPT will be working in 19 districts to support and engage private medical facilities through capacity building, mentoring and ongoing support.

In a further innovation, all implementation partners are also co-investors, contributing more than 20% of the capital required. USAID and MSD for Mothers* have committed a total of up to USD 8 million in outcome funding, provided a set of independently evaluated targets are met.

Naveen Jain, Secretary for Rajasthan Ministry of Health and Mission Director of the National Health Mission said: “The Government of Rajasthan is committed towards improving maternal and newborn health and is working with the Government of India towards achieving the SDGs. We see innovative public private partnerships, and the engagement of private capital, as an essential strategy in our toolkit towards this goal. We look forward to working with the Utkrisht bond team and the private health facilities to enhance quality and develop the flexibility and the trust to allow services to be provided outside the public sector. In this way, impact bonds and their emphasis on results will benefit the public sector – and, of course, new mothers and their children”.

Administrator Mark Green, U.S. Agency for International Development, announcing the launch of the impact bond today said: “This results-based financing mechanism is ground-breaking in that it takes a business approach to development, while still targeting basic needs like improving the quality of care and private facilities. By leveraging the assets and skills of a diverse group of partners across the public and private sectors, we are stretching our investments further while saving more lives. This mechanism is just one example of how USAID is doing business differently.”

“We must be bold. We must challenge, innovate and create if we are to truly reframe the future for the millions less fortunate than ourselves, and the launch of the world’s first development impact bond in healthcare demonstrates how we are turning those words into actions,” said Phyllis Costanza, CEO of the UBS Optimus Foundation. “The model is proving increasingly attractive as people recognize its ability to secure new and much needed sources of finance and deliver significant and sustainable social returns.”

Kim Bredhauer, CEO of Palladium said: “This is hugely exciting because it could have a transformative impact on how development is financed in the future. Not only, if successful, does this first healthcare impact bond potentially unlock vast sums of private capital for other projects but ensures accountability and full transparency in the process. This new results-based financing mechanism, which in effect is a public private partnership, is bringing a commercial approach to international development and ultimately will save lives and taxpayer money.”

“We need innovative and sustainable financing models to help solve some of development’s most vexing challenges,” said Karl Hofmann, President and CEO of Population Services International. “The Utkrisht bond is bringing together new funding partners motivated by social and financial returns, with the goal of improving the quality of maternal and newborn health services in the private sector – where a majority of Indian women go for health solutions. It makes perfect sense for us to meet the consumer there, and try to better meet her needs.”

“Private sector investment in social enterprises helps to ensure quality services. The Utkrisht bond will strengthen health provisions in Rajasthan and will help to dramatically improve the well-being of mothers and their newborn children,” said Sharad Agarwal, CEO of HLFPPT. “We are committed to extending quality maternal and newborn services as we truly believe that no gift can be more precious than saving a life.”

Dr. Naveen Rao, Lead, MSD for Mothers, said: “We are committed to exploring novel ways to improve maternal health. We believe that innovative financing mechanisms, such as the Utkrisht bond, provide an opportunity to unlock additional funding across sectors as well as allocate resources more effectively to achieve desired health outcomes. This brings us one step closer to creating a world where no woman dies giving life.”

The private sector accounts for over 25% of hospital births in Rajasthan and is used by women across socio-economic levels. By developing new approaches to improve, assess and sustain private healthcare facilities, this new impact bond will support greater state-wide improvements in health outcomes.

The success of the Utkrisht bond will be judged on whether healthcare facilities are able to achieve the new certification standard developed by the National Accreditation Board of Hospitals and Healthcare Providers and the Federation of Obstetric and Gynaecological Societies of India. This means that, for the first time, quality maternal care will be certified and fully transparent in private health facilities.

* MSD for Mothers is MSD’s 10-year $500 million initiative to help create world where no woman dies giving life. MSD for Mothers is an initiative of Merck & Co., Inc., Kenilworth, N.J., U.S.A.


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Space Nation Prepares to Reach Maximum Velocity in 2018

After a record-breaking 2017 full of achievements, Space Nation is set to carry the momentum into 2018

Press Release – In 2017 Space Nation made several giant leaps forward in establishing itself as the world’s leading space media company. A historic agreement with NASA was signed, and Space Nation became the first space company to join the United Nation’s World Tourism Organization.

Space Nation also launched its first product, Space Nation Orbit (spacenationorbit.com), an online space lifestyle magazine that makes space relevant and relatable to daily life. Space Nation Orbit was launched in early November 2017 at an event in the heart of New York’s art district that gathered together some of the city’s finest content creators. During the launch week Space Nation Orbit gained over 25 million social media impressions.

Candice Kilpatrick, Head Editor of Space Nation Orbit and former Front Page Editor, Yahoo News: “I like that to read and enjoy Space Nation Orbit you don’t have to have a high baseline of space or science knowledge. You can learn new things even if you don’t consider yourself a “science person”. Space Nation Orbit is a genuine first in that it focuses on how the new space era can benefit people’s lives right now in all sorts of unexpected ways.”

Navigator app testing results exceed all expectations

One of the core components of the Space Nation Astronaut Program, the Space Nation Navigator app, underwent the first phase of user testing. Approximately 1,000 testers from around the world took part, among whom was one actual astronaut. The user retention rate was 31%, more than double the industry average. Based on the testing feedback, several updates and improvements to the Navigator app were implemented.

Testers were asked to play for one week, but many chose to continue playing for longer. Giulia Bassani, an astrophysics student from Turin, Italy, was one of the testers. Her life goal is to become an astronaut. When asked for her opinion of the Space Nation Navigator app she was emphatic in her response: “I honestly loved it. Space Nation Navigator gave me motivation and a better understanding of what aspiring astronauts need. I just can’t wait for the final release.”

Space Nation in brief

Founded in 2013, Space Nation is enabling a global audience to have previously unattainable space experiences.

Space Nation’s partners and advisors include Michael Suffredini, President and CEO of Axiom Space; John Barbera, former president of Turner Broadcasting Sales & 24/7 Realmedia; and Peter Vesterbacka, former Mighty Eagle at Rovio Entertainment, the creator of Angry Birds.

Space Nation has received numerous media accolades. The company was ranked first in Forbes’ 10 European Growth Businesses to Watch in 2017.


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Cornerstone Capital Group Hires Alison R. Smith as Head of Business Development

Smith brings over a decade of related financial marketing and communications experience

Press Release – New York, November 28, 2017 – Cornerstone Capital Group (“Cornerstone”) today announced that Alison R. Smith has been appointed to lead the Company’s global business development efforts. Ms. Smith will be based in Cornerstone’s New York City headquarters and will report to Chief Investment Officer Phil Kirshman.

Prior to joining Cornerstone, Ms. Smith served as vice president of marketing and membership at TIGER 21, a peer-to-peer learning network for high-net-worth investors, where she managed several promotional and communications programs and coordinated outreach for the organization. She also worked at Marina Maher Communications and the United Nations Association in various roles. She holds a B.A. from Ithaca College and earned an M.B.A. in Finance and Marketing from Fordham University Graduate School of Business.

Erika Karp, Chief Executive Officer at Cornerstone, commented on today’s news, “We are delighted to welcome Alison to the team and look forward to leveraging her years of experience working with high net worth individuals to advance Cornerstone’s platform of sustainable finance. We see significant opportunities across the globe that align with our socially responsible objectives, and Alison will play a key role developing and maintaining relationships that spur growth across the impact investing landscape.”

Cornerstone’s mission is to apply the principles of sustainable finance across the capital markets, enhancing investment processes through transparency and collaboration. For investors looking for financial returns and to make the world a better place, Cornerstone is dedicated to systematically integrating the dimension of sustainability into investment decisions, delivering financial performance along with positive social impact.

Ms. Smith commented: “As sustainable finance gains momentum throughout the financial-services industry, Cornerstone continues to demonstrate significant market leadership. I look forward to working with the team and promoting the firm’s superior sustainable investing opportunities and ESG analysis.”

About Cornerstone

Founded in 2013, Cornerstone Capital Group is a financial services firm based in New York. The mission of the firm is to apply the principles of sustainable finance across the capital markets enhancing investment processes through transparency and collaboration. In offering investment consulting and advising, investment banking, and strategic consulting services, Cornerstone works with asset owners, corporations and financial institutions, promoting new research in the field of Environmental, Social and Governance (ESG) analysis, and facilitating capital introductions for organizations around the world engaged in sustainable business practices.


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DKT International Contraceptive Social Marketing Programs in 24 Countries Work to Eliminate HIV/AIDS

World AIDS Day 2017 highlights results and transparency of DKT’s partnerships/educational campaigns that encourage safe sex

Press Release – Washington, D.C.: The theme of World AIDS Day 2017 recognizes the importance of transparency, accountability of results, and the significance of partnerships in increasing overall impact. These core values are exemplified in the work of DKT International to influence behavior change through innovative social marketing and safe sex education.

“We undertake a wide range of activities at DKT International; and, every campaign launched by our country programs is specifically designed to provide a deeper understanding of our target audience so that we may reach them more effectively,” says Chris Purdy, CEO and President of DKT International. “If an activity, strategy or tactic does not result in the uptake of a product or service, our teams in country work tirelessly to consider new messaging or activities that will resonate. Prioritizing our target audience is one of DKT’s most important organizational values – it informs the work we do and guides us to do more and do better.”

Below is a snapshot of World AIDS Day efforts and partnerships within DKT programs around the world:

  • DKT Thailand is participating in a parade with The Population and Community Development Association (PDA), the leading and most diversified NGO in Thailand, and promoting safe sex using large hand signage and social media content.
  • In Cameroon, DKT is hosting a Hot Kiss Condom Party at the University of Douala with popular music artists, a football game between DKT employees and the University students, and Kiss condom sampling on major streets, in high schools, and around college campuses – all filled with social and connected youth.
  • DKT Indonesia’s new Sutra condom commercial raises awareness of the importance of practicing safe sex to prevent the transmission of HIV, while emphasizing empathy and kindness towards those affected by the virus.
  • DKT Kenya and Uganda will spearhead a #LetsEndIt digital campaign to end isolation, stigma, and ultimately, the transmission of HIV/AIDS. Condoms will be distributed along trucking routes where there is a high prevalence of HIV transmission. Kiss condoms will also be distributed during “office invasions” around major cities. DKT Kenya and Uganda will partner with the Ministry of Health to promote World AIDS Day on a national scale.
  • All employees from DKT Brazil, Uruguay and Paraguay will volunteer at Instituto Canto de Luz, a nonprofit organization that serves underprivileged children in São Paulo, Brazil. Through their partnership with Barong, an NGO that promotes sexual and reproductive health education, DKT Brazil will offer HIV and Hepatitis B/ C testing and distribute products and educational materials in a busy shopping center.

“While there is much work to be done in eliminating HIV/AIDS all together, we are proud that contraceptive social marketing continues to promote safe sex– DKT Brazil’s condom distribution recently reached 1.75 billion!” adds Purdy.


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VascuStim Announces Launch of Diabetic Ulcer Clinical Research Program

Multi-site, prospective studies, and a patient registry, to commence in multiple countries with a total of 150 patients to be enrolled – titled the HEAL Registry Study

Press Release – Salt Lake City, Utah and Playa Vista, CA – November 27th, 2017 — VascuStim an emerging leader in advanced bioelectric innovations and technologies for peripheral vascular diseases, today announced the launch of a clinical research program which will comprise multiple studies and an international patient registry.

VascuStim is a class II medical device, produced on OEM private label basis, by Mettler Electronics of Anaheim, California, that has been 510(k) cleared by the US Food and Drug Administration (FDA), and is intended to improve blood circulation, accelerate healing and provide mild pain relief. The device is programmed with Vascustim’s patented and patent pending signals and sequence designed for optimally improving blood circulation and healing.

The international registry study will seek to gather data to better understand VascuStim’s utilization as tool for accelerating the healing of diabetic foot and leg uclers, improving blood circulation so that the wounds do not return, to ensure complete wound closure, and relieving the patients of associated wound related pain,

“Up until now, we’ve seen encouraging case studies showing individual patient results following treatment with bioelectric stimulation and amniotic fluid membranes” stated Dr. Leslie Miller, Chief Medical Officer for VascuStim “While those studies have yielded valuable information, the completion of this 150 patient prospective research program will provide wound care clinicians with important clinical data regarding how VascuStim and amniotic fluid membrane dressings may be utilized in specifically for diabetic foot and leg ulcer care and management”

“We are very excited to be at the forefront of this important research initiative to further our understanding of the full therapeutic potential this unique product,” stated Howard Leonhardt, Executive Chairman and CEO of VascuStim.

The prospective international HEAL Registry will examine and assess the use of VascuStim’s bioelectric stimulation protocol in real world clinical settings. Study objectives seek to evaluate the effectiveness of VascuStim as a diabetic foot and leg ulcer wound management product as indicated by percent reduction in wound size, time to complete wound closure, and improvements in wound bed condition. The Heal Registry will also assess increases in healthy granulation tissue, reduction in biofilm, and readiness for advanced therapy applications such as amniotic fluid membrane dressing changes. Patients will be followed for a for a minimum of 24 weeks.

The HEAL Registry will also collect patient reported pain and quality of life information before and after the use of VascuStim, as well as economic outcome information.

“VascuStim is committed to developing and manufacturing innovative products backed by sound clinical research and scientific data, that serve our customers’ needs,” noted Brett Burton, Director of R&D. “We look forward to sharing the valuable findings of both the VascuStim clinical research program and the HEAL Registry with the entire diabetic foot and leg ulcer wound care community.”

About VascuStim: VascuStim (formerly MyoStim Peripheral) was founded in 2013 by Leonhardt Ventures and is currently incubating in the Leonhardt’s Launchpads innovation and startup accelerators in California and Utah. Howard Leonhardt the Founder and Lead Inventor has over 21 issued U.S. patents related to organ regeneration and recovery and dozens more patent claims pending. The Leonhardt team has helped lead dozens of electrical stimulation, stem cell and growth factor related studies for improving blood circulation and promoting organ regeneration and recovery since 1988. VascuStim was formed in 2013 to focus all this accumulated knowledge, experience, technology platform and building patent portfolio on treating peripheral vascular diseases. The Leonhardt team previously patented, developed and brought to market the leading aortic stent graft utilized by peripheral vascular physicians around the world today. Over 400,000 patients have been treated with Leonhardt cardiovascular related inventions to date.

About Leonhardt Ventures: Leonhardt Ventures (Leonhardt Vineyards LLC) was originally formed as H.J. Leonhardt & Co. in 1982. It is the commercialization arm for inventor Howard J. Leonhardt. Leonhardt has 21 issued U.S. patents focused on organ regeneration and recovery and has dozens more new patent claims pending with the U.S.P.T.O. https://patents.justia.com/inventor/howard-j-leonhardt Leonhardt is most well known for improved cardiovascular balloon catheters patented and developed in the 1980’s, stent grafts, percutaneous heart valves and biological pacemakers developed in the 1990’s and stem cell and bioelectric organ regeneration devices and therapies developed since 2000. See www.leonhardtventures.com for more information and our Annual Report.

About Mettler Electronics: Founded in 1957 by engineer and inventor, Hal Mettler, the firm is the world leader in portable ultrasound and electro-stimulation therapy equipment used in sports medicine, physical therapy, chiropractic and podiatric health care. Mettler’s customers include US Olympic Trainers, professional teams like the Los Angeles Angels of Anaheim and Dallas Cowboys, as well as countless health care institutions and individual practitioners.

For more information, please visit https://leonhardtventures.com/vascustim/ and www.vascustim.com for more information.


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The U.S. Charitable Gift Trust® Adds Calvert Responsible Investing Funds as Options in Donor Advised Funds

Press Release – Boston, MA, November 27, 2017 – The U.S. Charitable Gift Trust® (USCGT), announced today the addition of three responsible investing funds managed by Calvert Research and Management (Calvert), a subsidiary of Eaton Vance, as investment options in its Donor Advised Funds. The USCGT is a tax-exempt public charity that offers a range of planned giving vehicles through its Donor Advised Funds and Pooled Income Funds. Individuals interested in donating to charity through tax-deductible contributions to the Donor Advised Funds now have the option to invest in the following Calvert funds:

  • Calvert Responsible Investing Conservative Fund: Seeks to provide current income and capital preservation and, as a secondary objective, long-term capital appreciation.
  • Calvert Responsible Investing Moderate Fund: Seeks to provide current income and moderate long-term capital appreciation.
  • Calvert Responsible Investing Growth Fund: Seeks to provide high long-term capital appreciation and, as a secondary objective, current income.

“We are excited to offer individuals and families an expanded set of investment choices to help them align their investments with their values,” said Jeffrey P. Beale, USCGT President. “Through the Calvert responsible investing funds, donors can increase the positive impact of their gift while maintaining broad portfolio diversification.”

The USCGT, established in 2000, helps individuals and families to realize their charitable goals while receiving tax benefits from gifts. Donor advised funds have been steadily growing in size and popularity over the last few years with contributions to reaching an all-time high of $22.26 billion in 2015.* Simultaneously, responsible investing is gaining traction with $8.72 trillion in assets under management in socially responsible strategies in the U.S. at the start of 2016.**

“Many advisors are working with their clients to determine the most effective ways to positively affect society, while managing the tax implications on portfolios,” said Mr. Beale. “We are pleased to be able to offer philanthropists new, increasingly popular responsible investing options that meet their needs and advance their giving objectives,”

According to Eaton Vance’s most recent Advisor Top-of-Mind Index (ATOMIX) survey, 93% advisors indicated charitable giving is a topic of conversation with their clients. Seven in ten (69%) advisors are discussing how donations fit within their clients’ overall plans, while 63% said they discuss the tax implications of charitable contributions. Advisors also indicated that the primary reason their clients select responsible investing strategies is the desire to align investments with their values.

When individuals make a donation within the USCGT’s Donor Advised Funds, they have the option to invest in a range of investment funds managed by Eaton Vance Management, its affiliates, and Calvert Research and Management. Once an investment is made, the earnings of the Donor Advised Fund account may grow tax-free while the individual chooses which charities to support. The suite of Calvert funds will invest in a diversified mix of Calvert investment companies, each of which generally implement the Calvert Principles for Responsible Investment that guide the investment research and decision-making process. Since inception, the USCGT has raised more than $1.049 billion in contributions and gifted more than $640 million to charities.

*National Philanthropic Trust’s 2016 Donor-Advised Fund Report

**U.S. Sustainable, Responsible and Impact Investing Trends 2016, US SIF Foundation

About USCGT

The USCGT is a tax-exempt public charity established in 2000 which receives donations from individuals, corporations and others, and makes grants to numerous charitable organizations throughout the United States, including charities selected by the USCGT and those recommended to the USCGT by donors and others authorized by the donor to make grant recommendations. The USCGT was established to provide support to a broad range of charities over time, without incurring the costs and administrative burdens associated with the creation and operation of separate charitable foundations, while at the same time allowing donors to determine when and how to make their charitable gifts. All gifts made to the USCGT are under the exclusive legal control of the USCGT and its board of directors. For more information about USCGT, visit uscharitablegifttrust.org.

About Calvert

Calvert Research and Management is a leader in Responsible Investing, with approximately $10.7 billion of mutual fund and separate account assets under management as of October 31, 2017. The company traces its roots to Calvert Investments, which was founded in 1976 and was the first to launch a socially responsible mutual fund that avoided investment in companies that did business in apartheid-era South Africa. Today, the Calvert Funds are one of the largest and most diversified families of responsibly invested mutual funds, encompassing actively and passively managed strategies, U.S. and international equity strategies, fixed-income strategies and asset allocation funds. Calvert Research and Management is a wholly owned subsidiary of Eaton Vance. For more information, visit calvert.com.

About Eaton Vance

Eaton Vance (NYSE: EV) is a leading global asset manager whose history dates to 1924. With offices in North America, Europe, Asia and Australia, Eaton Vance and its affiliates managed $422.3 billion as of October 31, 2017, offering individuals and institutions a broad array of investment strategies and wealth management solutions. For more information, visit eatonvance.com.


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