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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.

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National FFA Organization, Tractor Supply Company and Discovery Education Join Together to Provide Scalable Access to Innovative Careers in STEM and Manufacturing

– ‘Beyond the Sale: Careers That Deliver’ Virtual Field Trip Underscores Pathways to Career Readiness through 21st Century Skill-Building –

Press Release – Silver Spring, Md. (Thursday, September 20, 2018) – The National FFA Organization, Tractor Supply Company, and Discovery Education – the leading provider of digital content and professional development for K-12 classrooms – are teaming up to host a new virtual field trip entitled Beyond the Sale: Careers That Deliver at 1:00 p.m. ET/10:00 a.m. PT on Tuesday, Sept. 25, 2018. During the immersive virtual experience, students will learn more about diverse career opportunities within the industry of agriculture and meet Tractor Supply Company employees. Beyond the Sale: Careers that Deliver will transport classrooms beyond the walls of their schools to learn how product development, marketing, distribution and merchandising play a role in delivering wholesale products every day. Tractor Supply Company has grown to become the largest rural lifestyle retail store chain in the United States.

“At Tractor Supply, we believe that providing opportunities to students through FFA’s agriculture education program is important, as it provides insights to the vast array of opportunities across a broad range of agriculture career pathways. Tractor Supply is proud to be an ardent supporter of the FFA and Discovery Education, as they provide students with the future skills they need to carry themselves into the community and workplace,” said Christi Korzekwa, senior vice president of marketing at Tractor Supply.

The Beyond the Sale: Careers that Deliver Virtual Field Trip will open up access to students’ understanding the role of business firms while encouraging them to analyze various types of market structures in our national economy. During the experience, students will be encouraged to analyze how competition among many sellers lowers costs and prices, and prompts retailers to produce more. The virtual event will be hosted from Tractor Supply Company’s Merchandising Innovation Center (MIC), and will showcase aspects of Tractor Supply Company career paths that aid in bringing new products to market through an innovative and calculated production pipeline that maximizes business scale. Educators, parents, student advocates and members of the community may register for the Beyond the Sale: Careers That Deliver Virtual Field Trip at agexplorer.com/virtual-field-trip.

“We are excited to continue the AgExplorer mission in partnership with Tractor Supply Company and Discovery Education to transform today’s high school students into the field’s leaders of tomorrow,” said Mark Poeschl, CEO of the National FFA Organization. “With job openings expanding rapidly every year in agriculture, there is no better time than now to start sparking student interest in the field.”

According to the U.S. Bureau of Labor Statistics, roughly 7-in-10 production jobs are sourced from the manufacturing industry sector. The Careers That Deliver experience will provide a companion activity that engages students and will illustrate a range of highly-skilled careers involved in advanced manufacturing. The educational immersion will also underscore how advanced manufacturing utilizes product development, distribution, marketing and e-commerce processes to expand reach and sales.

To aid educators and participants in integrating this virtual event into classroom instruction, the National FFA Organization, Tractor Supply Company and Discovery Education have made educational standards-aligned resources Virtual Field Trip teaching resources available for classroom use online. Educators and classrooms are also invited to deepen their experience by joining the conversation and asking questions of participants LIVE on Twitter @NationalFFA, @DiscoveryEd and using the hashtag #AgExplorerVFT. Following the premiere, the Virtual Field Trip will be made available on-demand through AgExplorer.com.

“Discovery Education and The National FFA Organization, through Ag Explorer, shows students aspects of next generation careers in the agricultural business and compels them to better understand STEM-driven integration into the industry overall,” said Rita Mortenson, Educational Technology Coach, Verona Area School District. “Career exploration is an important part of students discovering opportunities that they are passionate about. With the wide variety of careers available in the agricultural industry, including high tech career opportunities, Ag Explorer is a valuable resource for our students.”

Launched in 2016, AgExplorer.com offers teachers and students a deep database of career profiles that help students connect what they are learning in school to future careers. Career pathways highlighted, include: power, structural and technical systems; biotechnology systems; environmental service systems; food products and processing systems; animal systems; natural resources systems; plant systems and agricultural education. In addition, AgExplorer.com includes more than 250 career descriptions, education requirements, average salary, links to a college and university database, and more, all designed to help students. To access the site’s free resources, visit here.

“AgExplorer provides schools and communities with innovative digital resources that build STEM bridges to career explorations,” said Lori McFarling, senior vice president and chief marketing officer, Discovery Education. “Discovery Education is thrilled to support the important work of the National FFA Organization in inspiring young people about the exciting world of 21st-century manufacturing careers available to today’s innovators and solution-seekers.”

The Beyond the Sale: Careers That Deliver Virtual Field Trip is also available through Discovery Education Streaming Plus. For more information about Discovery Education’s digital content and professional development services, visit DiscoveryEducation.com. Stay connected with Discovery Education on Facebook, Twitter, Instagram and Pinterest @DiscoveryEd.


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President Bill Clinton Awards USD 1M Hult Prize at United Nations Headquarters to Four College Students from the UK for Innovative Rice Farming Startup & Issues 10th Anniversary Youth Challenge

Press Release – September 18, 2018, New York, New York. The Hult Prize Foundation has announced the recipient of the 9th annual Hult Prize, the world’s largest startup program for student impact entrepreneurs. A four-person team of college students from University College London (UCL) received the prestigious award by creating a farming startup that radically improves rice yields, land turnover and ultimately farmer income with the goal of improving the livelihood of millions of people across Southeast Asia and beyond.

In partnership with the United Nations Office of Partnerships, more than 100,000 college and university students from 121 countries competed for this year’s edition of the Hult Prize. The year long program kicks off the UNGA each fall as college students around the world compete to answer the annual social impact startup challenge.

This year’s winning team, known as SunRice, was one of six finalists who presented their startup at the United Nations Headquarters after winning the semi-final summer stage of the Hult Prize, where they lived, worked, learned and played amongst 200 other student entrepreneurs in the former residence of Henry the VIII — a castle sprawling over 190 acres just north of London.

The difficult decision was made by a heavyweight lineup of judges which included a mix of celebrities, entrepreneurs, UN officials and corporate executives including Verizon CEO, Hans Vestberg, Arianna Huffington and Earthday President, Kathleen Rogers. Hult Prize Founder and CEO, Ahmad Ashkar said, “This business is going to radically change everything we think know about rice trade and I am excited about the potential impact their company will have on society and the prospect of building out the world’s first socially responsible rice brand.”

At the event, President Bill Clinton also announced the 10th Year Anniversary Hult Prize Challenge which will focus on youth unemployment and ask students around the world to create startups that can collectively create meaningful work opportunities for one-million young people. The best idea will receive one million dollars in startup capital.

Since inception the Hult Prize has engaged a global community of more 2.1 million college and university students world-wide and created more than 200,000 social enterprises. For more information about SunRice or The Hult Prize Foundation please visit hultprize.org


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ONE YEAR OF MADNESS

Emelie Ekblad and Fiona Hazell left their corporate careers and went business backpacking, building and supporting social entrepreneurs from grassroot level across the world. They shared the same vision, a deep desire to Make A Difference. One year ago they launched their MAD vision and organisation.

Press Release – After having lived parallel lives on different continents unknowing each other – Fiona Hazell and Emelie Ekblad´s paths crossed. Seeing the need to explore alternative realities to be able to manifest a more prosperous future for everyone they started MAD.

In just one year MAD has grown, and today MAD entrepreneurs are operating in more than 30 countries, leading over 50 organisations and businesses across industries and sectors – collectively contributing to all of the UN’s 17 Sustainable Development Goals.

Emelie and Fiona just got back from a month in Africa, having brought together a MAD team across continents and disciplines. The journey searched for MAD approaches from a societal perspective: playing with alternative ways of building communities.

Throughout the journey, they worked alongside Samuel Malinga, a MAD entrepreneur and UN’s global youth leader for SDG 6, Clean Water and Sanitation. In addition, they gathered local young leaders and social entrepreneurs to collectively catalyse what became known as the “model village”; finding ways to build alternative institutional ecosystems weaving together innovations for clean water, sanitation, education, farming, energy, health care and saving clubs into a new institutional fabric.

As we move into the fall, MAD delves deep into exploring alternative realities from a complementing angle driving equality and diversity with Gender as the entry point. Today, the ideations are taking place between some of the MAD entrepreneurs and members who have dedicated their lives to this question, from different angles and parts of the world:

Majd Ismail Mashharawi, who is re-building Gaza from within, turning demolished house rubble to brick, with a team of female engineers.

Elsa D’Silva who heat maps violence, to create safe mega cities in India and beyond.

Ahmed Ali Babar, who worked for the Pakistani Youth Parliament, and now builds schools subsidising girl child education.

Aleksey Fedorov a Russian activist for the LGBTQIA+ community, leading pride events across 17 countries and 40 cities.

The Fatta! social movement who were a pivotal force behind the recent law on sexual consent in Sweden.

Olutosin Oladosu Adebowale who is supporting women of domestic violence in Nigeria, through therapy and social entrepreneurial training.

Nelson Mandela said; “It all seems impossible until its done”. Emelie and Fiona believe that our biggest challenges are our biggest opportunities. That changing our mindset will be what is going to unlock our leap into a prosperous future. That conviction lies at the very heart of MAD. To stay tuned and explore how You can Make A Difference: www.mad.group


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Fidelity Charitable Study Finds Entrepreneurs Leading the Way in Philanthropy

Entrepreneurs donate 50 percent more than others, volunteer more Most entrepreneurs plan to give to charity when they exit their businesses

Press Release – BOSTON, September 19, 2018 – Entrepreneurs donate more to charity on average than non-business owners, according to a study released today by Fidelity Charitable, an independent public charity and the nation’s second-largest grantmaker. The organization’s latest study focuses on the giving habits and priorities of entrepreneurs, like North Carolina residents and Fidelity Charitable donors Todd and Michelle Buelow, a group whose impact on philanthropy is growing exponentially.

“550,000 Americans become entrepreneurs every month,” [1] said Pamela Norley, president of Fidelity Charitable. “The sheer size of this group, coupled with an expressed interest in having a positive social impact, means they have a tremendous influence on the philanthropic sector.”

Entrepreneurs Give More Time and Money than Non-Business Owners

Philanthropy is a major focus for entrepreneurs—79 percent say that charitable giving is a critical part of who they are, and 47 percent consider themselves philanthropists. Entrepreneurs tend to give more than others, with the median annual donation for an entrepreneur being 50 percent higher—$3,577 compared with $2,383.

Entrepreneurs approach giving differently—nearly six in 10 say their experience as business owners reflect how they approach their giving. Entrepreneurs prioritize aspects of giving that align with a more hands-on approach: 61 percent appreciate the ability to be personally involved in a cause or organization, and 62 percent value the opportunity to demonstrate leadership in their community through charitable giving, compared to about half of non-business owners.

As further evidence of entrepreneurs’ commitment to giving back, the study found they also spend more time volunteering, with 66 percent volunteering three or more hours per month, compared with 55 percent by other donors. They are also more likely to contribute skills relevant to their expertise in business, such as professional services, helping with fundraising, and serving on boards or committees.

How the Buelows Give and Maximize Impact

This hands-on approach to giving is exemplified by entrepreneurs Todd and Michelle Buelow. Todd, who founded the custom software company Dualboot Partners, and Michelle, who founded Bella Tunno, a company that makes baby products and accessories, maintain a busy schedule volunteering for local charities, including serving on boards and helping with fundraisers.

Their involvement with organizations like the Charlotte Rescue Mission, a residential program for substance abuse recovery, has helped to jumpstart projects such as expanding a men’s dormitory for recovering addicts to include new bedrooms, a bathroom, and a full gym. In addition to their time, the Buelows also give actively through their Fidelity Charitable donor-advised fund, the Matt Tunno Make A Difference Fund. In fact, for every purchase from Bella Tunno, the couple recommends a grant to Feeding America, resulting in more than 1.5 million meals donated. The fund is named for Michelle’s brother Matt, a doctoral candidate who died at the age of 30 following long struggles with addiction, several years before the launch of Bella Tunno. Making grants in his memory, particularly around areas related to addiction, was a catalyst for them to increase their focus on giving back in conjunction with growing their businesses.

“As entrepreneurs, you really have to be clever and creative to spread every dollar six different ways,” said Michelle Buelow. “That’s the lens that we bring to our philanthropy and volunteer work as well. How can we find ways to make funds go further, whether it is by leveraging our network or bringing a new idea to the table for the nonprofits we support?”

Entrepreneurs Use Business Exits as Opportunities to Give Back

Philanthropy is particularly top-of-mind when business owners are making plans to sell their business. Three out of 10 current business owners intend to sell or pass the business down to a family member within the next five years, and of those, nearly 68 percent have plans to donate to charity in conjunction with that transition. Just 14 percent of business owners have no plans in place to give to charity during the time of a business exit.

“With a significant number of individuals who have both a clear commitment to philanthropy and an in-depth understanding of charitable giving strategies planning to sell or pass down their business within the next five years, the philanthropic sector is likely to benefit substantially,” said Karla Valas, managing director of Fidelity Charitable’s Complex Assets Group.

Specifically, 31 percent plan to make a donation to charity with the proceeds, 27 percent plan to set up an ongoing way to make charitable donations via a donor-advised fund or foundation, and 26 percent plan to donate shares of the business prior to the sale, which can help increase the amount they can give.

Highlights from the Study Include:

  • The median household donation of an entrepreneur is 50 percent higher than others surveyed.
  • Seventy-nine percent of entrepreneurs say that charitable giving is a critical part of who they are, and 47 percent consider themselves philanthropists.
  • Entrepreneurs are twice as likely to prefer new, innovative nonprofits.
  • Sixty-six percent of entrepreneurs volunteer three or more hours per month, compared with 55 percent of other donors.
  • Of current business owners who plan to sell or pass down their business, 69 percent plan to make charitable giving a part of their exit strategy, with 31 percent planning to make a donation to charity with sale proceeds, and 27 percent planning to set up an ongoing way to make charitable donations via a donor-advised fund or foundation.

For the complete report and additional insights, visit:

https://www.fidelitycharitable.org/insights/entrepreneurs-as-philanthropists.shtml

https://www.fidelitycharitable.org/docs/entrepreneurs-as-philanthropists.pdf

Entrepreneurs as Philanthropists surveyed 3,000 total respondents who give to charity and itemized deductions on their taxes last year. 708 are entrepreneurs, including 559 who currently own a business and 149 who previously owned a business and hold assets deriving from its sale while 2,292 are non-entrepreneurs. Entrepreneurs were defined by having founded a business or owning a business directly through stock or direct ownership. Those who owned stock in public companies were excluded unless that ownership gave them a controlling interest.

About Fidelity Charitable

Fidelity Charitable is an independent public charity that has helped donors support more than 255,000 nonprofit organizations with $30 billion in grants. Established in 1991, Fidelity Charitable launched the first national donor-advised fund program. The mission of the organization is to grow the American tradition of philanthropy by providing programs that make charitable giving accessible, simple and effective. For more information about Fidelity Charitable, visit https://www.fidelitycharitable.org.

[1] The Kauffman Index of Entrepreneurship Series, 2016.


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New UBS Investor Watch Study Reveals Stark Differences in Adoption of Sustainable Investing Globally

The US investors surveyed trail all other countries surveyed in adoption of sustainable investing in this largest recurring study of High Net Worth Investors, although they have the highest allocation into sustainable investments

  • Significant generation divide among US investors—72% of young investors have sustainable investments, compared to only 6% of investors age 65+
  • Adoption is low but growing—only 12% of US investors have sustainable investments, compared to 39% globally, but investors project an increase of 58% over the next five years
  • US investors who have made the foray into sustainable investing are fully committed—49% of their portfolio assets are dedicated to sustainable investments, the highest of any country
  • 51% of US investors surveyed expect sustainable investment returns to match those of traditional investments, compared to 50% of investors globally. Almost 1 in 5 US investors (19%) expect sustainable investments to outperform traditional investments.
  • Investors in China, Brazil and the UAE are the most likely to hold some sustainable investments (60%, 53% and 53% respectively)
  • Confusion continues to hold US investors back—66% of investors find the terminology around sustainable investing perplexing, and 79% say gauging impact is difficult

Press Release – New York, New York – September 19, 2018 – UBS today launched “Return on values,” the latest edition of its UBS Investor Watch report. UBS Investor Watch is the world’s largest recurring global study of High Net Worth Investors (HNWIs).*

The study reveals stark differences in the sustainable investing landscape. The US has the lowest rate of adoption at 12%, compared to 39% of investors globally. China, Brazil and the UAE lead the charge, with 60%, 53% and 53% of investors respectively indicating they have sustainable investment holdings.

However, despite lower adoption, sustainable investors in the US have the highest average allocation, with 49% of their portfolio assets dedicated to sustainable investments. The average global allocation is 36%.

“Investors see sustainable investing as the way of the future. Across all ages, wealth levels and regions, many believe sustainable investing will become a more mainstream approach over time,” said Paula Polito, Global Client Strategy Officer, UBS Global Wealth Management. “Many of the investors surveyed believe that sustainable investments are wise investments and see no need to compromise their personal values for financial returns.”

Young investors and those with the greatest wealth lead momentum behind sustainable investing

While adoption today is low in the US, investors expect sustainable investing to grow to 19% over the next five years, an increase of 58% from today’s levels. In fact, almost a third (32%) of US investors expect sustainable investing to become the “new normal” in 10 years.

Younger investors and those with the greatest wealth are the leading adopters of sustainable investing, both globally and in the US. Seven in ten (72%) young American investors [1] invest sustainably, compared to only 6% of investors age 65+. Among the ultra-rich, [2] 40% invest sustainably, compared to 8% of investors with $1 million to $2 million of investable assets.

Confusion and comfort with their investment approach holds investors back

The study finds that among non-adopters in the US, 85% are happy with their existing investment approach, followed by 79% who say that quantifying the impact of sustainable investments is a major barrier.

Confusion about terminology is compounding the issue. Two-thirds of US investors (66%) find the language of sustainable investing perplexing, and less than a quarter (23%) are very familiar with the term itself. Similarly, US investors make little distinction among the three major sustainable investment approaches: exclusion, integration and impact investing.

In the midst of this confusion, it is clear that advisors have an important role to play, with sustainable investors listing their financial advisors as the top influencers in their decision to invest sustainably, followed by family and friends.

“The opportunity for growth in the US is vast, with young people and wealthy investors leading the way and momentum growing,” said Andrew Lee, Americas, Head of Sustainable and Impact Investing at UBS Global Wealth Management’s Chief Investment Office. “Increasing education on the benefits and establishing common conventions for describing and measuring impact will help sustainable investing become the new normal.”

No tradeoff between personal values and returns

The study shows that few investors expect to sacrifice returns when investing sustainably. In fact, 70% of US investors believe the returns from sustainable investments will match or surpass those from traditional investments. They view sustainable companies as more responsible, better managed and more forward-thinking—thus, good investments.

To encourage further adoption of sustainable investing, UBS has committed to raise at least $5bn in impact investments over five years, in support of the UN Sustainable Development Goals. At Davos 2018, UBS announced the first 100% sustainable cross-asset portfolios for private clients, targeting market rates of risk-adjusted return as well as positive social and environmental outcomes.

About the research

* The cited research was conducted among more than 5,300 millionaires with at least $1 million in investable assets (excluding property). The global sample was split across 10 markets: Brazil, China, Germany, Hong Kong, Italy, Singapore, Switzerland, UAE, the UK and the US. The research was conducted between June 2018 and August 2018.

[1] Aged 18 – 34 years.

[2] With at least $50 million in investable assets.


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BlueOrchard Celebrates 20th Anniversary of its Flagship Fund

  • Largest commercial microfinance fund in the world celebrates 20th anniversary
  • First BlueOrchard Impact Summit to take place in Pontresina (Switzerland) this October

Press Release – Zurich, 18 September 2018 – BlueOrchard Finance Ltd (“BlueOrchard”), a leading Swiss-based impact investment manager, is proud to announce the 20th anniversary of its flagship fund, the BlueOrchard Microfinance Fund – the largest commercial microfinance fund in the world. To further raise awareness for investment needs in developing countries, BlueOrchard has initiated the Impact Summit, taking place in Switzerland this October.

The BlueOrchard Microfinance Fund (BOMF) has become with more than USD 1.7 billion AuM the largest commercial microfinance fund in the world and has achieved competitive returns for its private and global investor base, including banks, insurances, and pension funds. For 20 years, BOMF has been fostering inclusive growth in 69 emerging and frontier markets, providing access to financial and related services to over 20 million low-income individuals and households by investing in 325 microfinance institutions. Today, 53% of the Fund’s clients are women entrepreneurs and 42% live in rural areas. BOMF addresses with its investments 11 out of the 17 United Nations Sustainable Development Goals (SDGs).

“During the last 20 years BOMF has proven that financial returns and social impact go hand in hand. While it has grown to become the largest commercial microfinance fund in the world, it remains under the same mission and vision, committed to fighting poverty and empowering people in emerging countries. We are proud to celebrate today the 20th anniversary of this unique fund, said Peter A. Fanconi, BlueOrchard’s Chairman of the Board.

“We are thankful to our investors for making this milestone anniversary possible. Investors today are increasingly asking for investment solutions that generate a financial return while making a social and/or environmental impact. We will continue to provide our investors worldwide with attractive investment solutions which contribute to solving the social and environmental challenges of our time,” said Patrick Scheurle, CEO of BlueOrchard.

In 1998, the General Assembly of the United Nations designated 2005 as the International Year of Microcredit. The Year was established to promote the contributions of microfinance to creating an inclusive and sustainable financial system, which grants access to financial services to the world’s poor. Under the umbrella of the Year, several initiatives were instigated by the UN to encourage microfinance investments. One of these was the launch of the world’s first fully private and commercial microfinance fund in 1998, the BlueOrchard Microfinance Fund (BOMF). The aim was to furnish proof to the idea that fighting poverty and generating market-rate returns is not an either-or choice.

First BlueOrchard Impact Summit

Today, 20 years later, reducing poverty and inequalities are as important and efforts to tackle these challenges are even impeded by the consequences of climate change. Taking place on the 3rd and 4th of October in Pontresina, Switzerland, the BlueOrchard Impact Summit will therefore focus on how investments in Inclusive Growth, Climate Change, Education and Sustainable Infrastructure can be mobilized at scale to address these challenges in developing countries and to close the alarming annual investment gap of USD 2.5 trillion in key sustainable development sectors.

“The upcoming BlueOrchard Impact Summit is a fantastic opportunity for leaders from around the world to discuss resources required to achieve the SDGs in the years to come”, said Peter A. Fanconi, BlueOrchard’s Chairman of the Board.

The Summit will bring together thought leaders from around the world, from public and private sectors to discuss, exchange, learn from each other’s experience and consequently derive solutions on how to reduce today’s rising inequalities. For more information on the Summit and the speakers, please visit: https://www.blueorchard-summit.com/

About BlueOrchard Finance Ltd

BlueOrchard is a leading global impact investment manager. The firm is dedicated to fostering inclusive and climate-smart growth, while providing attractive returns for investors. BlueOrchard was founded in 2001, by initiative of the UN, as the world’s first commercial manager of microfinance debt investments. Today, BlueOrchard provides investors around the world with premium investment solutions, including credit, private equity, and sustainable infrastructure. Being an expert in innovative blended finance mandates, the firm is a trusted partner of leading global development finance institutions. With a major global presence and offices on four continents, BlueOrchard has invested to date more than USD 5bn across 80 emerging and frontier markets, enabling tangible social and environmental impact. BlueOrchard is a licensed Swiss asset manager of collective investment schemes authorized by FINMA. Its Luxembourg entity, BlueOrchard Asset Management S.A., is a licensed UCITS management company as well as a licensed alternative investment fund manager (AIFM) authorized by CSSF. For additional information, please visit: www.blueorchard.com.


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Global Impact Investing Network Appoints Xavier De Souza Briggs As New Board Member

Briggs Oversees Ford Foundation’s Impact Investing And Brings Decades Of Public Policy And Movement-Building Expertise To The GIIN

Press Release – NEW YORK, September 18, 2018 – The Global Impact Investing Network (GIIN) today announced the appointment of Xavier (“Xav”) de Souza Briggs as its newest Board member. Briggs is Vice President of Inclusive Economies and Markets at the Ford Foundation, where his role includes overseeing the foundation’s impact investing as well as programming in inclusive economic growth, the future of work, natural resources and climate change, and affordable housing. He is also responsible for overseeing the foundation’s regional teams in Asia and West Africa.

“We are honored to welcome Xav as our newest Board member,” said Amit Bouri, CEO and co-founder of the GIIN. “He is a proven leader whose strong values and unyielding commitment to advancing economic opportunity and sustainable development align well with the GIIN’s mission and objectives. His global reach and understanding of local communities, strategic problem solving, and expertise in catalyzing systems changes will be instrumental as the GIIN continues to drive transformation of the industry and propel the impact investing movement forward.”

Briggs is widely known for his pioneering research and public service in promoting economic fairness and opportunity. Prior to his role at the Ford Foundation, Briggs was professor of Sociology and Urban Planning at the Massachusetts Institute of Technology, where he also served as Head of the Housing, Community, and Economic Development Group. An award-winning author and educator, Briggs’s career also spans public policy, serving as Associate Director of the Office of Management and Budget in the Obama White House and as Policy Adviser and R&D Director at the US Department of Housing and Urban Development under the Clinton administration. Briggs was also a faculty member in Public Policy at Harvard University’s Kennedy School of Government.

“Impact investing holds tremendous potential for funding solutions to some of our greatest global challenges,” Briggs said, “and for reconciling the functioning of capital markets with our highest social values. The GIIN has been the preeminent advocate for impact investing, and I am incredibly proud to join this organization. I look forward to working with the board to further our shared goals of advancing this vital movement.”

The Ford Foundation is a member of the GIIN’s Investors’ Council, a leadership group for large-scale impact investors. Last year, the Ford Foundation publicly committed $1 billion USD of its endowment to impact investments over the next decade, the largest commitment of its kind by a private foundation.

About the Global Impact Investing Network

The Global Impact Investing Network (GIIN) is the global champion of impact investing, dedicated to increasing the scale and effectiveness of impact investing around the world. Impact investments are investments made into companies, organizations, and funds with the intention to generate social and environmental impact alongside a financial return. Impact investments can be made in both emerging and developed markets and target a range of returns from below market to market rate, depending upon investors’ objectives. The GIIN builds critical infrastructure and supports activities, education, and research that help accelerate the development of a coherent impact investing industry. For more information, please visit www.thegiin.org.


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FMO Investment Propels Meloy Fund Past $22 Million for Sustainable Coastal Fisheries

Dutch Development Bank Invests $5 Million to Support Sustainable Coastal Fisheries in Indonesia and the Philippines

Press Release – ARLINGTON, VA – The Meloy Fund I, LP, the world’s first impact investment fund dedicated to supporting sustainable coastal fisheries in Indonesia and the Philippines, today announced a $5 million investment from FMO, the Dutch development bank. This brings the fund to a final close at over $22 million. FMO joins a diverse group of family offices, investment managers, and foundations already invested.

Working with partners ranging from finance institutions to civil society organizations and investors, FMO invests in over 80 countries, supporting jobs, income generation and a more livable planet. A supporter of the United Nations’ Sustainable Development Goals, FMO’s role extends beyond financing, helping businesses to operate and grow transparently in an environmentally and socially responsible manner. FMO’s approach demonstrates that strong financial returns and positive impact in developing countries and emerging markets can go hand-in-hand. The investment in the Meloy Fund is made through the MASSIF fund, which is managed by FMO on behalf of the Dutch government.

“FMO is proud to join the Meloy Fund and contribute to the creation of economic opportunities for small-scale fisheries in Indonesia and the Philippines” said Maurice Scheepens, Investment Officer of the Agri, Food & Water department at FMO. “The partnership with Rare, which provides amongst others technical expertise and networks, ensures that inclusive development is linked with the conservation of critical marine habitat.”

“With support from FMO, the Meloy Fund is in a strong position to demonstrate how private capital can support sustainable coastal ecosystems and communities in the Coral Triangle,” said Dale Galvin, Managing Director of Rare’s Sustainable Markets group and Managing Partner of the Fund. “We’re thrilled to partner FMO, which brings a keen eye to impact investing opportunities, and a breadth and depth of institutional experience that will help us deliver significant triple-bottom-line results to our investors.”

Together with the global conservation organization Rare, The Meloy Fund seeks to invest in fishing and seafood-related enterprises in Indonesia and the Philippines that will lead to better management and protection of historically undervalued community-based coastal fisheries, as well as opportunities to boost the livelihoods of local, small-scale fishers. Together, Rare estimates these two nations represent 4.3 million fishers, 2.7 million tons of fish, 21 million hectares of critical marine habitat and $4 billion in latent value to be unlocked if sustainability can be achieved.

Note: This release does not constitute an offer of an investment security by The Meloy Fund I, GP, LLC or related entities.


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Former NFL Champion Steps Into Food Sport in a “Souper” Way

Former New England Patriot Defensive End Jarvis Green Partners with the World Food Championships

Press Release – ORANGE BEACH, ALA. The World Food Championships (WFC) announced today that former New England Patriot Defensive End Jarvis Green and his company, Oceans 97, has signed on as an Official Food Sport partner for the 2018 competition in Orange Beach, Alabama. As a part of the new partnership, Oceans 97 will be joining Natural Tableware to co-sponsor WFC’s first Soup-or-Bowl Sunday event, which will be held on November 11 during the five-day food tournament. In addition to providing Soup-or-Bowl competitors with Oceans 97 shrimp to use in their dishes. Green will also help to determine this year’s World Seafood Champion as a Top Ten judge.

“We consider WFC competitors as top-level athletes in their own right, as they have to practice extensively and then battle it out in kitchen arena against a clock and other champions,” said Mike McCloud, President/CEO of WFC. “That’s why traditional sporting legends like Green are always a great addition to our event, as they can bring the sports mentality to all things food and help us celebrate culinary achievements.”

Since retiring from professional sports, Green shifted his competitive spirit into entrepreneurial pursuits. The former Patriot and two-time Super Bowl Champ has always enjoyed bringing family and friends together over a meal. After stepping off the football field, Green took his champion attitude and poured it into his love for seafood cuisine, beginning Oceans 97 in 2015.

Oceans 97, Inc. is a National Minority Supply Chain Company, and its shrimp are wild caught from the Gulf of Mexico by U.S. gulf coast fishermen. Green is devoted to sourcing local produce from local fishermen in North America. Oceans 97’s shrimp and shrimp products reflect Green’s commitment to locally sourced and natural products. His passion and drive have made him a leader in educating people about the health benefits of a diet rich in fresh and natural ingredients.

“I’ve heard a lot about Food Sport and the awesome competitors in this arena,” commented Green. “I can’t wait to huddle with the many champions at WFC and see firsthand how creative and passionate they are about the culinary industry.”

To learn more about Jarvis Green’s Oceans 97, visit http://oceans97.com/.

Click here to grab your tickets to Soup-Or-Bowl Sunday for a chance to meet Jarvis in person while sampling championship-worthy dishes from WFC Food Champs.

WFC’s Main Event is scheduled for Nov 7 – 11 at the Wharf in Orange Beach, Alabama. Stay tuned for more partner announcements about WFC 2018. To keep up with all WFC news, follow World Food Championships on Twitter (@WorldFoodChamp), and Facebook or Instagram (@WorldFoodChampionships)


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US SIF Statement on Climate Risk Disclosure Act of 2018 Introduction

“Climate risk reporting by public corporations has been hobbled by inconsistent and non-comparable data. Investors have been challenged because there is no clear disclosure regime that allows for true apples-to-apples comparisons. The Climate Risk Disclosure Act of 2018 will improve reporting on climate risk which will benefit investors and clarify reporting requirements for corporations.

“While the SEC already advises that climate change risks can be material for publicly traded companies, in which case they must report on climate risks to investors, companies are not required to report on climate issues in any standardized way through their SEC filings. Furthermore, the SEC has been lax in enforcing climate change disclosures.

“US SIF has called for robust environmental, social and governance (ESG) disclosure reporting since 2009. Meaningful disclosure reporting that provides comprehensive, comparable and reliable data is beneficial to many stakeholders, not just investors.”

The US SIF Foundation’s 2016 Report On US Sustainable, Responsible And Impact Investing Trends in the United States found that money managers with $1.42 trillion in assets under management and institutional asset owners with $2.15 trillion in assets considered climate change risk in their investment analysis, more than three times the assets so affected in 2014. The 2018 Trends Report, which will be released at the end of October, will again highlight and update the extent to which investors are considering climate change concerns and risks.


Help us share the stories of those who are doing the most good in the world. Get an autographed book from Devin when you pledge just $2 per month. Visit helpdevin.org.

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