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Date: 2024-12-21 Page is: DBtxt003.php txt00019278

Webinar
Impact Investing

Chat dialog

Burgess COMMENTARY

Peter Burgess
From Jon Sahn to Everyone: 12:01 PM Good day to all, Jon Sahn Impact Investments Consulting jon@impactinvestments.world From Roberta d'Eustachio to Everyone: 12:03 PM Hey there, Roberta d’Eustachio here From Scott Carroll to Everyone: 12:03 PM Hi Everyone - Scott from Boston, currently coming out of stealth mode with a new start-up that’s an immersive, experiential platform which makes global issues personal, relevant and actionable at the individual level. https://www.linkedin.com/in/scottfcarroll/ From Jean-Luc Park to Everyone: 12:04 PM hello everyone from DC area.https://www.linkedin.com/in/jeanluc/ From Syd delCid to Everyone: 12:05 PM Hello all! Syd del Cid here from Charlotte, NC. Looking forward to connecting! Happy to chat about B Corps and anything sustainable finance! https://www.linkedin.com/in/syd-del-cid/ From John Riggs to Everyone: 12:05 PM Hello everyone - John Riggs, architect and developer of the Mare Pasture www.marepasture.com a sustainable community looking for funding. From Jon Sahn to Everyone: 12:06 PM https://www.linkedin.com/in/jonsahn/ From Chemi to Everyone: 12:06 PM https://www.linkedin.com/in/chemi-lama/ Hi All, Chemi Lama here from New Jersey From Graham Boyd to Everyone: 12:07 PM Hi All, Graham Boyd, Evolutesix; regenerative startup ecosystem creation and acceleration. DIY guide going to print in August, available via my website graham-boyd.biz From Me to Everyone: 12:07 PM Hello ... Peter Burgess working on better metrics http://truevaluemetrics.org to help move the needle from a total focus on profit to one that also embraces social and environmental impacts ... From Yun Fu to Everyone: 12:08 PM Hi Everyone. Yun from Health Finance Institute. We are forging blended finance vehicles for chronic diseases, neglected but causing over 70% of death and also causing higher COVID death rate. yun@healthfinanceinstitute.org From Gregory Frezados to Everyone: 12:08 PM Hello, All. This is Greg, from Chicago, an impact investor working to take a hydrogen storage company out of stealth mode and into revenue this year. From Carter Garber to Everyone: 12:12 PM Saludos a todos/as, I am a consultant to impact investors, funds, entrepreneurs and those at the base who do the impact that we are investing in. I would be happy to share technical assistance that is illuminated by my 40 years of work on 4 continents. Carter Garber www.linkedin.com/in/cartergarber From Laurie Lane-Zucker to Everyone: 12:14 PM Welcome everyone! Feel free to introduce yourselves in this Chat Box, and start submitting your questions for Jenn in the Q&A box as soon as you like. And remember to upvote questions you like! Make sure to choose Everyone (All Panelists and Attendees) so everyone sees your chat message. If you miss any of this program or would like to watch it again, I will be sending all of you a link and password so you can re-stream the program. It will come from Eventbrite (add Eventbrite to your Contacts so it doesn’t get caught by spam). The link will be good for a week. From Catherine Griffin to Everyone: 12:15 PM Hi everybody! Catherine Griffin - Founder at ImpactableX analytics. We help entrepreneurs to quantify and forecast their social impact. Catherine@impactablex.com and www.socialimpactprojection.org From Jack Higgins to Everyone: 12:18 PM Greetings from Jack Higgins, MD in Los Altos, California At the nonprofit Global Telehealth Network (GTN), we believe that health care is a human right, and that no one should be denied access to health care because of location or ability to pay. Our volunteer physicians are dedicated to reducing health disparities by offering free online consultations for doctors and other health workers located “on the ground” in medically-underserved areas. Pilot projects will launch soon in East Africa and northern California. We’re also launching a for-profit social enterprise as a Benefit Corporation operating a parallel telehealth network for patients who can cover their costs. A share of the for-profit’s revenues will support the nonprofit GTN. (See https://www.globaltelenet.org/sustainable-business-model-1). We’re looking to partner with interested organizations and individuals. I’m on LinkedIn at https://www.linkedin.com/in/jackhigginsmd. Email: jhigginsmd1@gmail.com From Carter Crockett to Everyone: 12:18 PM What are the odds there are 2 Carters on this call! I’m Carter Crockett, entrepreneur and social enterprise scholar (only on 3 continents:), now living/working in Rwanda where I lead the first strategy consulting firm and B-Corp company of it’s kind in East Africa From Sepideh Moussavi to Everyone: 12:18 PM Hello all, Sepideh Moussavi here from Dubai/ Iran/ UK. www.cultureofimpact.com. https://www.linkedin.com/in/sepideh-moussavi-5758a422/ focused on bridging developed world impact investors to developing world sustainability and humanitarian project owners. Love to connect with CSR experts and others with funds and resources who are passionate and interested in connecting with real change-makers on the ground. From jcfripp to Everyone: 12:18 PM Hello everyone, Jesse Fripp here from Asheville, NC https://www.linkedin.com/in/jesse-f-a902524/ From Katy Stigers to Everyone: 12:19 PM https://www.linkedin.com/in/katystigers/ Hello to all. I direct research projects for an intermediary / CDFI in Appalachia From Sepideh Moussavi to Everyone: 12:19 PM Thank you Laurie! From Joan Larrea to Everyone: 12:19 PM Joan Larrea here, CEO of Convergence, the global network for blended finance. We’ve got lots of resources on blended finance in developing markets: www.convergence.finance. From Leslie Keil to Everyone: 12:20 PM Hi all! Leslie Keil, Associate General Counsel at New Island Capital Management. We are a for-profit impact investor that focuses on commercial-scale, growing companies, providing private credit, private equity, and project finance; as well as investing in farms, forests, and real estate. https://www.linkedin.com/in/lesliekeil/ From Good Work Institute to Everyone: 12:20 PM Hélène Lesterlin, entrepreneur / startups / Just Transition / community finance / cooperatives. Worker Trustee at Good Work Institute and co-founder of CO. In the Hudson Valley of NY. From Aamir A. Rehman to Everyone: 12:20 PM Thanks so much -- I am a fellow at Columbia Business School and advisor to the United Nations Development Program -- https://www8.gsb.columbia.edu/richman/aamir-rehman From Jean-Luc Park to Everyone: 12:22 PM looking to reengage with impact investing. https://www.linkedin.com/in/jeanluc/ From Celina Barton to Everyone: 12:22 PM Hello From Vermont! Celina Barton here country director of ProNatura.org. https://www.linkedin.com/in/celina-moore-barton/ From rebeccabusansky to Everyone: 12:23 PM Rebecca Busansky from the Pioneer Valley Grows Investment Fund — growing farm and food businesses through community investments in western MA. pvgrows.net/investment From suzanne lerner to Everyone: 12:23 PM hi - this is Suzanne Lerner, Co-founder/President Michael Stars, Inc. I am a very happy client of Jennifer Kenning and the team at Align Impact. From Linda Nemec to Everyone: 12:23 PM Hi everyone. Linda Nemec, CEO of Partner4Growth, https://partner4growth.net/. We work in international development, including with USAID, which is increasingly using blended finance in their projects around the world. We frequently help design projects for USAID project implementers. From Elizabeth Rogers to Everyone: 12:24 PM Hi all, I'm in investor relations and marketing at Coastal Enterprises, Inc., a CDFI in Maine. From Priya Krishnamoorthy to Everyone: 12:24 PM Hi, this is Priya, the Founder of 200millionartisans.com. We are currently working on an article around challenges and opportunities for investment in the artisan economy. We would love to speak with a few experts who can speak about the nuances of blended finance and revenue-based financing. We would love to connecct with anyone interested! I am at : https://www.linkedin.com/in/prikm/ From Nermin Ahmad to Everyone: 12:25 PM Nermin Ahmad, Cofounder CSRspace, Nermin@csrspace.net CSRspace creates alternative impact investment models using blended finance and revenue-based investing. From Lisa Peracchio to Everyone: 12:27 PM Hello from Lisa Peracchio with East African Children's Fund (eacfund.org) working with school feeding and farming programs for disadvantaged children and their communities in East Africa. From Derek Q de Stockalper to Everyone: 12:28 PM Greetings from the Qanalytics monetary think tank and impact investment platform @ www.qanalytics.org From Patricia Foley Hinnen to Everyone: 12:28 PM Greetings from Capital Sisters International, a nonprofit investment fund. We’ve been a field builder in gender lens investing for the last two decades, using blended capital to finance women’s micro loans in 25 developing countries. We created the first women’s bond in the world to allow the general public to finance micro loans. Our team is excited to hear Jenn’s comments, she is amazing! www.capitalsisters.org From Regina Rossmann - Convergence to Everyone: 12:30 PM Hello from Convergence, the global network for blended finance. We wrote a case study on the Medical Credit Fund: https://www.convergence.finance/resource/3qke8x7gEFCsmKRXi2JD8o/view From Nermin Ahmad to Everyone: 12:32 PM distortion of markets is another potential problem From David Cooper to Everyone: 12:33 PM Good morning , David Cooper Mission Driven Finance - alternative finance for social and environmental enterprise https://www.missiondrivenfinance.com/ From Aldo Soto to Everyone: 12:34 PM Hello from London– here's Aldo Soto co-founder of Amazonia Impact Ventures. We are an impact investing fund created with the aim to protect the Amazon, improve indigenous people's livelihoods and mitigate climate change by investing in social enterprises. asoto@impvholdings.com https://amazoniaimpactventures.com/ From Wendy Brown to Everyone: 12:34 PM Hi All - wendy@hartfieldfoundation.org working on access to capital for low/moderate income folks to replace payday etc. Looking for models and would appreciate your help. From marciemooregantz to Everyone: 12:34 PM Hello from Denver https://www.linkedin.com/in/marciemg From John Riggs to Everyone: 12:34 PM Hello everyone - John Riggs, architect and developer of the Mare Pasture a sustainable community integrated with agriculture looking for funding. https://www.marepasture.com From Richard Hansen to Everyone: 12:35 PM Richard Hansen here, hello from Honduras. Our impact enterprise, Soluz Honduras, S.A. is advancing access to electricity using solar for the 15% of Hondurans that are not served by the national electric utility. During COVID-19 we are installing many solar freezers in women-owned rural stores to conserve food. www.soluzusa.com From Elizabeth Corrado to Everyone: 12:39 PM Hello everyone, I am Elizabeth Corrado. I have recently launched Impulse, an impact fund advisory service and incubator in London specialising in the design and creation of impact investment funds including blended finance - elizabeth.corrado@impulseimpact.co.uk/Impulse Impact Ltd From Nermin Ahmad to Everyone: 12:40 PM Convergence - when will you open a window for design funding on Africa? From Todd Riggs to Everyone: 12:40 PM Hi, Todd Riggs here from r.Cup. We are reducing single use plastic waste at live music and sporting events (when they come back...) by offering a turnkey reusable cup service. rcup.com From Joan Larrea to Everyone: 12:42 PM Response to Nermin (thanks for the Q!): we manage third party grants, and are actively seeking new partners who might like us to put their funding to work in Africa. Lots to do and some great ideas out there. From Nermin Ahmad to Everyone: 12:43 PM Joan - agreed! Let us talk (my email in my intro) From Gretchen Postula to Everyone: 12:43 PM Good morning - Gretchen Postula from North Sky Capital. We are currently investing in sustainable infrastructure projects that are located in Opportunity Zones - supporting these underserved geographies with renewable energy generation and waste-to-value infrastructure projects that creates good-paying jobs. https://www.linkedin.com/in/gretchen-postula-160b234/ From claudia to Everyone: 12:44 PM Hi All, Claudia Bergmann, founder of Waterdome, dealing with the water crisis and measuring water footprint, education and awareness Claudia@waterdome.com From Safia Kryger-Nelson to Everyone: 12:45 PM Hello - Safia Kryger-Nelson, Director of Philanthropic Planning at MCF (Marin Community Foundation). https://www.linkedin.com/in/safia-kryger-nelson-0450801/We facilitate impact investing for our clients through their DAFs in partnership with ImpactAssets. From elisaturner to Everyone: 12:46 PM Hello everyone, Elisa Turner here from the SF Bay area…..I am an Impact Business Advisor https://www.linkedin.com/in/elisaturner/……..helping leaders transform their organizations to become impact leaders From Scott Carroll to Everyone: 12:46 PM Does anyone have experience in hybrid formation and best practices so that we may optimize time and opportunity? VC’s are very interested in our startup, but there are elements that we’d like to keep in the 501c3 space. From Jean-Luc Park to Everyone: 12:47 PM yes. have the c3 own the c corp let vc invest in the c corp. with c3 being just another investor From Sepideh Moussavi to Everyone: 12:48 PM https://www.linkedin.com/in/sepideh-moussavi-5758a422/ Would love to connect with those interested in investing in developing countries on sustainability and humanitarian projects. From Jean-Luc Park to Everyone: 12:48 PM need to make sure board issues and IP issues are addressed. https://www.linkedin.com/in/jeanluc/ From Bonnie Burnham to Everyone: 12:48 PM To John Larrea, Convergence. This is Bonnie Burnham, president of the Cultural Heritage Finance Alliance. We are looking for project design funding for the regeneration of historic cities in Africa, pilot project in Zanzibar, and would like to know whether our program, which impacts all social and environmental aspects of urban life, would be eligible for your funding. burnham.bonnie@gmail.com From Scott Carroll to Everyone: 12:49 PM Thanks Jean-Luc. I’ve been considering that structure. Any bear traps that I should be aware of? From Jean-Luc Park to Everyone: 12:50 PM plenty be happy to chat. From Nermin Ahmad to Everyone: 12:50 PM and a few tiger traps too! From Joan Larrea to Everyone: 12:50 PM To Bonnie Burnham: my name’s actually Joan, not John. (-: All of the details of our design funding programs are on our website and we do not currently have any funds for Africa. From Bonnie Burnham to Everyone: 12:51 PM To Joan Larrea. Many thanks for your response. From Scott Carroll to Everyone: 12:51 PM Thanks Jean-luck and Nermin https://www.linkedin.com/in/scottfcarroll/ From John Riggs to Everyone: 12:51 PM Thanks for the webinar - John Riggs, architect and developer of the Mare Pasture a sustainable community integrated with agriculture looking for funding. https://www.marepasture.com riggs.jb@gmail.com From marciemooregantz to Everyone: 12:51 PM Yes. We these systems must work together! From Belissa Rojas to Everyone: 12:51 PM Hi. I am Belissa Rojas. I work as Sustainability and Impact Measurement and Management for startups, funds, MDBs and foundations. Happy to connect via LinkedIn or email (br@projectxglobal.com). From Pete to Everyone: 12:53 PM Pete De Mare, Impact investor and expert in desiging and building green communities that uses a blended development approach. Design and facilitation of entire green communities via a non-profit I started. I can also physicall secure, develop land and build green communities, individual buildings or partner with those who need additional deal flow for ay of the value streams - as a non profit or for profit depending on community needs. Coming out of stealth mode for both, but have more deals lined up than many established companies. www.linkedin.com/in/petedemare From km.christensen@mac.com to Everyone: 12:54 PM Hi All, Klaus-Michael Christensen, building impact investment pipeline for impact investors. https://www.linkedin.com/in/klausmichael/ From Sherry Sacino to Everyone: 12:56 PM Hi all…would love to connect in this space…https://www.linkedin.com/in/sherrysacino/ From Jon Sahn to Everyone: 12:57 PM I built homes in Haiti and when we visited the village we gave solar lights. The most incredible experience I have ever had. Still brings goosebumps From Ted Levinson to Everyone: 01:01 PM Ted Levinson with Beneficial Returns - we make loans to social enterprises addressing poverty in Latin America and SE Asia. We borrow our capital from DAFs, family foundations and faith-based communities. From Jack Higgins to Everyone: 01:01 PM To Scott Carroll: A slight tweak to that “hybrid” model is a “tandem” business model. We’re developing a 501(c)(3) nonprofit and a for-profit Benefit Corporate in parallel - or “tandem” - and rather than owning the for-profit, the nonprofit is one shareholder in the for-profit, with most ownership by impact investors. (See https://www.globaltelenet.org/sustainable-business-model-1.) From Nermin Ahmad to Everyone: 01:02 PM 35 years experience working in African Countries (e/W/S/N), in Asia (Pakistan/Bangladesh/Philippines/etc), in former Eastern block - and in rural remote US - nothing beats sitting with local people, and understanding how to blend the stakeholder needs - by group. Or the shock of poverty in the USA From marc blumenthal to Everyone: 01:02 PM Hi my name is Marc Blumenthal.  I am Executive Director of the Social Ventures Foundation.  We are focused on creating markets at the Bottom of the Pyramid (the world’s poorest) by developing and promoting social ventures that provide jobs for the poor to deliver meaningful social impact to the poor at a price the poor can afford. https://www.socialventuresfoundation.org/ https://www.vicehaiti.com/  Our show case social venture in Haiti that delivers vitamin supplementation to the poor at a price the poor can afford https://www.epicsocialventures.com/  Our annual showcase promoting  social ventures from university and college students worldwide.    Derek Q de Stockalper 12:26 PM Post-crisis do you see the emergence of public-private platforms to address dynamically global health/climate risks ? Could “blended finance” play a catalyst role here ? Anonymous Attendee 12:27 PM What are clients usually the most skeptical about while considering deploying their capital into blended finance? How do you adress their skepticism? Sepideh Moussavi 12:23 PM How can we convince large corporation that social returns is just as impotant as financial returns? It's so hard to change the bottom-line mindset!!! Elizabeth Rogers 12:24 PM Q for Jennifer: I'm a swimmer too! :) Do you see Community Development Financial Institutions (CDFIs), as intermediaries and asset managers, factoring into your clients' portfolio development and investor education and how can CDFIs do a better job of connecting with impact investors? Aamir A. Rehman 12:47 PM Would love to learn more about CDFIs and how we can use them in Trenton, NJ Jean-Luc Park 12:24 PM we see successful impact investments become relabled as just good/successful investments. how to reclaim the success stories to be still called as impact investing? natashamatic 12:32 PM There is not enough coordination and collaboration between the phialnthropic capital and other forms of capital in order to make it work. Unless we coordinate better and make investors of various types work together it won’t work. How do we make philanthropic capital and other forms of capital work closer together? Good Work Institute 12:33 PM Can you comment on the idea that growth itself as the goal of capital is part of the system that doesn’t work for people or planet? How could blended finance address the need to find a more steady state and sustainable economy, rather than an economy dependent on growth? Sepideh Moussavi 12:26 PM In what type of sustainability (ESG) has Jennifer seen the most financial returns? If I was to focus on one out of the three (Environment, Social or governance) which one would be easier to get a buyin for? Jack Higgins 12:35 PM In our “tandem” business model, we have a 501(c)(3) nonprofit to provide free telehealth consultations (seeking philanthropic dollars). Now we’re starting a for-profit social enterprise as a Benefit Corporation operating a parallel telehealth network for patients who can cover their costs (seeking equity capital). How does that fit your model of blended finance? km.christensen@mac.com 12:43 PM How can private sector capital collaborate with development banks, who really need private sector solutions to social & environment challenges. Sepideh Moussavi 12:29 PM Jennifer, what are your thoguhts on blockchain and digital assets? Do you believe blockchain can make things easier? Especially in terms of data sharing and accessibility? You 12:30 PM Have you any thoughts on how metrics should be improved so that business initiative attract investment based not only on profit, but also social and environmental impact? Linda Nemec 12:37 PM What would be the target timeline for Development Finance Institutions to complete the due diligence and underwriting to be considered a potential partner more often? Jeanne 12:38 PM Do you ‘bundle’ your clients to do due diligence on potential private placements? Patricia Foley Hinnen 12:43 PM The Impact investing sector has been built on the backs of practitioners and now that it is becoming more mainstream, philanthropic funds are chasing program related investments when they should be making grants to support infrastructure development. What foundations are doing the best job to support field building? Jack Foreman 12:43 PM Is there a minimum deal size that you would consider for a blended finance solution? Joana Petrova 12:46 PM Where do you see the field of impact investing in 10 years and what do you think would be helpful in making it even more widespread and successfull in implementing permanent solutions to the social and environmental issues we face? Carter Crockett 12:48 PM I’ve often thought a menu, spectrum or 2X2 grid of ALL the impact investment vehicles (between philanthropy and conventional investment) would be helpful. What is the best resource available to map all the emerging options for the uninitiated today? Jeanne 12:25 PM How do you evaluate the impact of your client portfolios, and what kind of instruments are they using to invest in line with their purpose? Graham Boyd 12:32 PM What are the barriers we impose, holding us back from creating impact without leaving anyone out, when we incorporate in ways leaving all but investors out of the governance / voting in general meeting? (My take: many ESG issues have this at their root - hence the inclusive all-stakeholder incorporation we are deploying.) Sepideh Moussavi 12:35 PM Could Jennifer recommend a great master programme that can compliment our passion in impact investing and make it more academic? Joan Larrea 12:37 PM You are welcome to check out our training resources if they may be helpful. https://www.convergence.finance/training. Sepideh Moussavi 12:39 PM Thanks You 12:37 PM Over the past 40 years owners have seen massive productivity and profit increase ... perhaps 700% but wages have flatlined for most essential workers ... perhaps 7% over 40 years !!!!!! Can impact investors / blended investment address this? How? Jean-Luc Park 12:40 PM with PRI, do many groups still follow the old gates foundation model of being able to recall the capital if the company pivots to a business focus that's not aligned with the mission of the foundation? if so, what needs to be done to change this situation? saraboyd 12:40 PM how do entrepreneurs learn about blended finance and the different types of capital available to help their businesses and ideas? Carter Crockett 12:44 PM I think Lean Impact (https://www.amazon.com/Lean-Impact-Innovate-Radically-Greater/dp/1119506603/ref=sr_1_1?crid=O88BPIPKS8NZ&dchild=1&keywords=lean+impact&qid=1596127390&sprefix=lean+impact%2Caps%2C591&sr=8-1) is a good resource for entrepreneurs. saraboyd 12:48 PM Thanks Carter! Carter Crockett 12:49 PM Sure! There are ~2 chapters on blended finance in the book Regina Rossmann - Convergence 12:50 PM At Convergence, we have authored and curated a range of resources on blended finance, available here: https://www.convergence.finance/resource You 12:43 PM What role does taxation have? Municipalities have huge responsibilities but investors seek tax holidays to make investment in a community ... and over time the municipality is out of business! Aamir A. Rehman 12:46 PM Great perspective on DAFs -- which DAF administrators allow for alternative investments and guarantees? I doubt that my DAF administrator would allow those. Jeanne 12:48 PM You can use your DAF to make a direct investment through http://realizeimpact.org/ Derek Q de Stockalper 12:26 PM Post-crisis do you see the emergence of public-private platforms to address dynamically global health/climate risks ? Could “blended finance” play a catalyst role here ? Laurie Lane-Zucker would like to answer this question live. Anonymous Attendee 12:27 PM What are clients usually the most skeptical about while considering deploying their capital into blended finance? How do you adress their skepticism? Sepideh Moussavi 12:23 PM How can we convince large corporation that social returns is just as impotant as financial returns? It's so hard to change the bottom-line mindset!!! Elizabeth Rogers 12:24 PM Q for Jennifer: I'm a swimmer too! :) Do you see Community Development Financial Institutions (CDFIs), as intermediaries and asset managers, factoring into your clients' portfolio development and investor education and how can CDFIs do a better job of connecting with impact investors? Aamir A. Rehman 12:47 PM Would love to learn more about CDFIs and how we can use them in Trenton, NJ Aamir A. Rehman 12:54 PM (or in our local communities more broadly) natashamatic 12:32 PM There is not enough coordination and collaboration between the phialnthropic capital and other forms of capital in order to make it work. Unless we coordinate better and make investors of various types work together it won’t work. How do we make philanthropic capital and other forms of capital work closer together? km.christensen@mac.com 12:43 PM How can private sector capital collaborate with development banks, who really need private sector solutions to social & environment challenges. Jean-Luc Park 12:24 PM we see successful impact investments become relabled as just good/successful investments. how to reclaim the success stories to be still called as impact investing? Sepideh Moussavi 12:26 PM In what type of sustainability (ESG) has Jennifer seen the most financial returns? If I was to focus on one out of the three (Environment, Social or governance) which one would be easier to get a buyin for? Good Work Institute 12:33 PM Can you comment on the idea that growth itself as the goal of capital is part of the system that doesn’t work for people or planet? How could blended finance address the need to find a more steady state and sustainable economy, rather than an economy dependent on growth? Jack Higgins 12:35 PM In our “tandem” business model, we have a 501(c)(3) nonprofit to provide free telehealth consultations (seeking philanthropic dollars). Now we’re starting a for-profit social enterprise as a Benefit Corporation operating a parallel telehealth network for patients who can cover their costs (seeking equity capital). How does that fit your model of blended finance? Regina Rossmann - Convergence 12:55 PM Jack, you may want to compare notes with TeamFund Health http://teamfundhealth.org/ Patricia Foley Hinnen 12:43 PM The Impact investing sector has been built on the backs of practitioners and now that it is becoming more mainstream, philanthropic funds are chasing program related investments when they should be making grants to support infrastructure development. What foundations are doing the best job to support field building? Joana Petrova 12:46 PM Where do you see the field of impact investing in 10 years and what do you think would be helpful in making it even more widespread and successfull in implementing permanent solutions to the social and environmental issues we face? Carter Crockett 12:48 PM I’ve often thought a menu, spectrum or 2X2 grid of ALL the impact investment vehicles (between philanthropy and conventional investment) would be helpful. What is the best resource available to map all the emerging options for the uninitiated today? Jeanne 12:25 PM How do you evaluate the impact of your client portfolios, and what kind of instruments are they using to invest in line with their purpose? Sepideh Moussavi 12:29 PM Jennifer, what are your thoguhts on blockchain and digital assets? Do you believe blockchain can make things easier? Especially in terms of data sharing and accessibility? You 12:30 PM Have you any thoughts on how metrics should be improved so that business initiative attract investment based not only on profit, but also social and environmental impact? Graham Boyd 12:32 PM What are the barriers we impose, holding us back from creating impact without leaving anyone out, when we incorporate in ways leaving all but investors out of the governance / voting in general meeting? (My take: many ESG issues have this at their root - hence the inclusive all-stakeholder incorporation we are deploying.) Linda Nemec 12:37 PM What would be the target timeline for Development Finance Institutions to complete the due diligence and underwriting to be considered a potential partner more often? Jeanne 12:38 PM Do you ‘bundle’ your clients to do due diligence on potential private placements? Jean-Luc Park 12:40 PM with PRI, do many groups still follow the old gates foundation model of being able to recall the capital if the company pivots to a business focus that's not aligned with the mission of the foundation? if so, what needs to be done to change this situation? saraboyd 12:40 PM how do entrepreneurs learn about blended finance and the different types of capital available to help their businesses and ideas? Carter Crockett 12:44 PM I think Lean Impact (https://www.amazon.com/Lean-Impact-Innovate-Radically-Greater/dp/1119506603/ref=sr_1_1?crid=O88BPIPKS8NZ&dchild=1&keywords=lean+impact&qid=1596127390&sprefix=lean+impact%2Caps%2C591&sr=8-1) is a good resource for entrepreneurs. saraboyd 12:48 PM Thanks Carter! Carter Crockett 12:49 PM Sure! There are ~2 chapters on blended finance in the book Regina Rossmann - Convergence 12:50 PM At Convergence, we have authored and curated a range of resources on blended finance, available here: https://www.convergence.finance/resource Regina Rossmann - Convergence 12:51 PM For an overview of blended finance archetypes, read our Blended Finance Primer: https://www.convergence.finance/blended-finance saraboyd 12:53 PM Thanks Regina! Convergence has a great website and resources! Jack Foreman 12:43 PM Is there a minimum deal size that you would consider for a blended finance solution? Aamir A. Rehman 12:46 PM Great perspective on DAFs -- which DAF administrators allow for alternative investments and guarantees? I doubt that my DAF administrator would allow those. Jeanne 12:48 PM You can use your DAF to make a direct investment through http://realizeimpact.org/ You 12:56 PM Productivty and profit have improved massively over several decades ... not so much for not-for-profit performance ... that is social impact and environmental impact. Inequality has been created by workers being paid too little and the investor community being rewarded much to much. How can we fix this problem? Anonymous Attendee 12:56 PM Will all comments and questions be shared with all attendees? Erika Brice 12:58 PM Can you talk about how your style/strategy for investments supports a more sustainable US economy? Sepideh Moussavi 12:35 PM Could Jennifer recommend a great master programme that can compliment our passion in impact investing and make it more academic? Joan Larrea 12:37 PM You are welcome to check out our training resources if they may be helpful. https://www.convergence.finance/training. Sepideh Moussavi 12:39 PM Thanks You 12:37 PM Over the past 40 years owners have seen massive productivity and profit increase ... perhaps 700% but wages have flatlined for most essential workers ... perhaps 7% over 40 years !!!!!! Can impact investors / blended investment address this? How? You 12:43 PM What role does taxation have? Municipalities have huge responsibilities but investors seek tax holidays to make investment in a community ... and over time the municipality is out of business! Gregory Frezados 12:52 PM Would you guess that a Midwestern renewable energy startup could assume that a Silicon Valley family office understands blended finance, or should the startup prepare to give them an introduction to the concept? You 01:01 PM This has been a spectacular presentation. How can Jennifer Kenning be cloned a thousand times real fast? Elizabeth Rogers 01:04 PM I'd be glad to connect with you, Amir, or others wanting to know more about CDFIs in addition to Jennifer's excellent input. linkedin.com/in/elizabeth-rogers-18a0136 From Jon Sahn to Everyone: 12:01 PM Good day to all, Jon Sahn Impact Investments Consulting jon@impactinvestments.world From Roberta d'Eustachio to Everyone: 12:03 PM Hey there, Roberta d’Eustachio here From Scott Carroll to Everyone: 12:03 PM Hi Everyone - Scott from Boston, currently coming out of stealth mode with a new start-up that’s an immersive, experiential platform which makes global issues personal, relevant and actionable at the individual level. https://www.linkedin.com/in/scottfcarroll/ From Jean-Luc Park to Everyone: 12:04 PM hello everyone from DC area.https://www.linkedin.com/in/jeanluc/ From Syd delCid to Everyone: 12:05 PM Hello all! Syd del Cid here from Charlotte, NC. Looking forward to connecting! Happy to chat about B Corps and anything sustainable finance! https://www.linkedin.com/in/syd-del-cid/ From John Riggs to Everyone: 12:05 PM Hello everyone - John Riggs, architect and developer of the Mare Pasture www.marepasture.com a sustainable community looking for funding. From Jon Sahn to Everyone: 12:06 PM https://www.linkedin.com/in/jonsahn/ From Chemi to Everyone: 12:06 PM https://www.linkedin.com/in/chemi-lama/ Hi All, Chemi Lama here from New Jersey From Graham Boyd to Everyone: 12:07 PM Hi All, Graham Boyd, Evolutesix; regenerative startup ecosystem creation and acceleration. DIY guide going to print in August, available via my website graham-boyd.biz From Me to Everyone: 12:07 PM Hello ... Peter Burgess working on better metrics http://truevaluemetrics.org to help move the needle from a total focus on profit to one that also embraces social and environmental impacts ... From Yun Fu to Everyone: 12:08 PM Hi Everyone. Yun from Health Finance Institute. We are forging blended finance vehicles for chronic diseases, neglected but causing over 70% of death and also causing higher COVID death rate. yun@healthfinanceinstitute.org From Gregory Frezados to Everyone: 12:08 PM Hello, All. This is Greg, from Chicago, an impact investor working to take a hydrogen storage company out of stealth mode and into revenue this year. From Carter Garber to Everyone: 12:12 PM Saludos a todos/as, I am a consultant to impact investors, funds, entrepreneurs and those at the base who do the impact that we are investing in. I would be happy to share technical assistance that is illuminated by my 40 years of work on 4 continents. Carter Garber www.linkedin.com/in/cartergarber From Laurie Lane-Zucker to Everyone: 12:14 PM Welcome everyone! Feel free to introduce yourselves in this Chat Box, and start submitting your questions for Jenn in the Q&A box as soon as you like. And remember to upvote questions you like! Make sure to choose Everyone (All Panelists and Attendees) so everyone sees your chat message. If you miss any of this program or would like to watch it again, I will be sending all of you a link and password so you can re-stream the program. It will come from Eventbrite (add Eventbrite to your Contacts so it doesn’t get caught by spam). The link will be good for a week. From Catherine Griffin to Everyone: 12:15 PM Hi everybody! Catherine Griffin - Founder at ImpactableX analytics. We help entrepreneurs to quantify and forecast their social impact. Catherine@impactablex.com and www.socialimpactprojection.org From Jack Higgins to Everyone: 12:18 PM Greetings from Jack Higgins, MD in Los Altos, California At the nonprofit Global Telehealth Network (GTN), we believe that health care is a human right, and that no one should be denied access to health care because of location or ability to pay. Our volunteer physicians are dedicated to reducing health disparities by offering free online consultations for doctors and other health workers located “on the ground” in medically-underserved areas. Pilot projects will launch soon in East Africa and northern California. We’re also launching a for-profit social enterprise as a Benefit Corporation operating a parallel telehealth network for patients who can cover their costs. A share of the for-profit’s revenues will support the nonprofit GTN. (See https://www.globaltelenet.org/sustainable-business-model-1). We’re looking to partner with interested organizations and individuals. I’m on LinkedIn at https://www.linkedin.com/in/jackhigginsmd. Email: jhigginsmd1@gmail.com From Carter Crockett to Everyone: 12:18 PM What are the odds there are 2 Carters on this call! I’m Carter Crockett, entrepreneur and social enterprise scholar (only on 3 continents:), now living/working in Rwanda where I lead the first strategy consulting firm and B-Corp company of it’s kind in East Africa From Sepideh Moussavi to Everyone: 12:18 PM Hello all, Sepideh Moussavi here from Dubai/ Iran/ UK. www.cultureofimpact.com. https://www.linkedin.com/in/sepideh-moussavi-5758a422/ focused on bridging developed world impact investors to developing world sustainability and humanitarian project owners. Love to connect with CSR experts and others with funds and resources who are passionate and interested in connecting with real change-makers on the ground. From jcfripp to Everyone: 12:18 PM Hello everyone, Jesse Fripp here from Asheville, NC https://www.linkedin.com/in/jesse-f-a902524/ From Katy Stigers to Everyone: 12:19 PM https://www.linkedin.com/in/katystigers/ Hello to all. I direct research projects for an intermediary / CDFI in Appalachia From Sepideh Moussavi to Everyone: 12:19 PM Thank you Laurie! From Joan Larrea to Everyone: 12:19 PM Joan Larrea here, CEO of Convergence, the global network for blended finance. We’ve got lots of resources on blended finance in developing markets: www.convergence.finance. From Leslie Keil to Everyone: 12:20 PM Hi all! Leslie Keil, Associate General Counsel at New Island Capital Management. We are a for-profit impact investor that focuses on commercial-scale, growing companies, providing private credit, private equity, and project finance; as well as investing in farms, forests, and real estate. https://www.linkedin.com/in/lesliekeil/ From Good Work Institute to Everyone: 12:20 PM Hélène Lesterlin, entrepreneur / startups / Just Transition / community finance / cooperatives. Worker Trustee at Good Work Institute and co-founder of CO. In the Hudson Valley of NY. From Aamir A. Rehman to Everyone: 12:20 PM Thanks so much -- I am a fellow at Columbia Business School and advisor to the United Nations Development Program -- https://www8.gsb.columbia.edu/richman/aamir-rehman From Jean-Luc Park to Everyone: 12:22 PM looking to reengage with impact investing. https://www.linkedin.com/in/jeanluc/ From Celina Barton to Everyone: 12:22 PM Hello From Vermont! Celina Barton here country director of ProNatura.org. https://www.linkedin.com/in/celina-moore-barton/ From rebeccabusansky to Everyone: 12:23 PM Rebecca Busansky from the Pioneer Valley Grows Investment Fund — growing farm and food businesses through community investments in western MA. pvgrows.net/investment From suzanne lerner to Everyone: 12:23 PM hi - this is Suzanne Lerner, Co-founder/President Michael Stars, Inc. I am a very happy client of Jennifer Kenning and the team at Align Impact. From Linda Nemec to Everyone: 12:23 PM Hi everyone. Linda Nemec, CEO of Partner4Growth, https://partner4growth.net/. We work in international development, including with USAID, which is increasingly using blended finance in their projects around the world. We frequently help design projects for USAID project implementers. From Elizabeth Rogers to Everyone: 12:24 PM Hi all, I'm in investor relations and marketing at Coastal Enterprises, Inc., a CDFI in Maine. From Priya Krishnamoorthy to Everyone: 12:24 PM Hi, this is Priya, the Founder of 200millionartisans.com. We are currently working on an article around challenges and opportunities for investment in the artisan economy. We would love to speak with a few experts who can speak about the nuances of blended finance and revenue-based financing. We would love to connecct with anyone interested! I am at : https://www.linkedin.com/in/prikm/ From Nermin Ahmad to Everyone: 12:25 PM Nermin Ahmad, Cofounder CSRspace, Nermin@csrspace.net CSRspace creates alternative impact investment models using blended finance and revenue-based investing. From Lisa Peracchio to Everyone: 12:27 PM Hello from Lisa Peracchio with East African Children's Fund (eacfund.org) working with school feeding and farming programs for disadvantaged children and their communities in East Africa. From Derek Q de Stockalper to Everyone: 12:28 PM Greetings from the Qanalytics monetary think tank and impact investment platform @ www.qanalytics.org From Patricia Foley Hinnen to Everyone: 12:28 PM Greetings from Capital Sisters International, a nonprofit investment fund. We’ve been a field builder in gender lens investing for the last two decades, using blended capital to finance women’s micro loans in 25 developing countries. We created the first women’s bond in the world to allow the general public to finance micro loans. Our team is excited to hear Jenn’s comments, she is amazing! www.capitalsisters.org From Regina Rossmann - Convergence to Everyone: 12:30 PM Hello from Convergence, the global network for blended finance. We wrote a case study on the Medical Credit Fund: https://www.convergence.finance/resource/3qke8x7gEFCsmKRXi2JD8o/view From Nermin Ahmad to Everyone: 12:32 PM distortion of markets is another potential problem From David Cooper to Everyone: 12:33 PM Good morning , David Cooper Mission Driven Finance - alternative finance for social and environmental enterprise https://www.missiondrivenfinance.com/ From Aldo Soto to Everyone: 12:34 PM Hello from London– here's Aldo Soto co-founder of Amazonia Impact Ventures. We are an impact investing fund created with the aim to protect the Amazon, improve indigenous people's livelihoods and mitigate climate change by investing in social enterprises. asoto@impvholdings.com https://amazoniaimpactventures.com/ From Wendy Brown to Everyone: 12:34 PM Hi All - wendy@hartfieldfoundation.org working on access to capital for low/moderate income folks to replace payday etc. Looking for models and would appreciate your help. From marciemooregantz to Everyone: 12:34 PM Hello from Denver https://www.linkedin.com/in/marciemg From John Riggs to Everyone: 12:34 PM Hello everyone - John Riggs, architect and developer of the Mare Pasture a sustainable community integrated with agriculture looking for funding. https://www.marepasture.com From Richard Hansen to Everyone: 12:35 PM Richard Hansen here, hello from Honduras. Our impact enterprise, Soluz Honduras, S.A. is advancing access to electricity using solar for the 15% of Hondurans that are not served by the national electric utility. During COVID-19 we are installing many solar freezers in women-owned rural stores to conserve food. www.soluzusa.com From Elizabeth Corrado to Everyone: 12:39 PM Hello everyone, I am Elizabeth Corrado. I have recently launched Impulse, an impact fund advisory service and incubator in London specialising in the design and creation of impact investment funds including blended finance - elizabeth.corrado@impulseimpact.co.uk/Impulse Impact Ltd From Nermin Ahmad to Everyone: 12:40 PM Convergence - when will you open a window for design funding on Africa? From Todd Riggs to Everyone: 12:40 PM Hi, Todd Riggs here from r.Cup. We are reducing single use plastic waste at live music and sporting events (when they come back...) by offering a turnkey reusable cup service. rcup.com From Joan Larrea to Everyone: 12:42 PM Response to Nermin (thanks for the Q!): we manage third party grants, and are actively seeking new partners who might like us to put their funding to work in Africa. Lots to do and some great ideas out there. From Nermin Ahmad to Everyone: 12:43 PM Joan - agreed! Let us talk (my email in my intro) From Gretchen Postula to Everyone: 12:43 PM Good morning - Gretchen Postula from North Sky Capital. We are currently investing in sustainable infrastructure projects that are located in Opportunity Zones - supporting these underserved geographies with renewable energy generation and waste-to-value infrastructure projects that creates good-paying jobs. https://www.linkedin.com/in/gretchen-postula-160b234/ From claudia to Everyone: 12:44 PM Hi All, Claudia Bergmann, founder of Waterdome, dealing with the water crisis and measuring water footprint, education and awareness Claudia@waterdome.com From Safia Kryger-Nelson to Everyone: 12:45 PM Hello - Safia Kryger-Nelson, Director of Philanthropic Planning at MCF (Marin Community Foundation). https://www.linkedin.com/in/safia-kryger-nelson-0450801/We facilitate impact investing for our clients through their DAFs in partnership with ImpactAssets. From elisaturner to Everyone: 12:46 PM Hello everyone, Elisa Turner here from the SF Bay area…..I am an Impact Business Advisor https://www.linkedin.com/in/elisaturner/……..helping leaders transform their organizations to become impact leaders From Scott Carroll to Everyone: 12:46 PM Does anyone have experience in hybrid formation and best practices so that we may optimize time and opportunity? VC’s are very interested in our startup, but there are elements that we’d like to keep in the 501c3 space. From Jean-Luc Park to Everyone: 12:47 PM yes. have the c3 own the c corp let vc invest in the c corp. with c3 being just another investor From Sepideh Moussavi to Everyone: 12:48 PM https://www.linkedin.com/in/sepideh-moussavi-5758a422/ Would love to connect with those interested in investing in developing countries on sustainability and humanitarian projects. From Jean-Luc Park to Everyone: 12:48 PM need to make sure board issues and IP issues are addressed. https://www.linkedin.com/in/jeanluc/ From Bonnie Burnham to Everyone: 12:48 PM To John Larrea, Convergence. This is Bonnie Burnham, president of the Cultural Heritage Finance Alliance. We are looking for project design funding for the regeneration of historic cities in Africa, pilot project in Zanzibar, and would like to know whether our program, which impacts all social and environmental aspects of urban life, would be eligible for your funding. burnham.bonnie@gmail.com From Scott Carroll to Everyone: 12:49 PM Thanks Jean-Luc. I’ve been considering that structure. Any bear traps that I should be aware of? From Jean-Luc Park to Everyone: 12:50 PM plenty be happy to chat. From Nermin Ahmad to Everyone: 12:50 PM and a few tiger traps too! From Joan Larrea to Everyone: 12:50 PM To Bonnie Burnham: my name’s actually Joan, not John. (-: All of the details of our design funding programs are on our website and we do not currently have any funds for Africa. From Bonnie Burnham to Everyone: 12:51 PM To Joan Larrea. Many thanks for your response. From Scott Carroll to Everyone: 12:51 PM Thanks Jean-luck and Nermin https://www.linkedin.com/in/scottfcarroll/ From John Riggs to Everyone: 12:51 PM Thanks for the webinar - John Riggs, architect and developer of the Mare Pasture a sustainable community integrated with agriculture looking for funding. https://www.marepasture.com riggs.jb@gmail.com From marciemooregantz to Everyone: 12:51 PM Yes. We these systems must work together! From Belissa Rojas to Everyone: 12:51 PM Hi. I am Belissa Rojas. I work as Sustainability and Impact Measurement and Management for startups, funds, MDBs and foundations. Happy to connect via LinkedIn or email (br@projectxglobal.com). From Pete to Everyone: 12:53 PM Pete De Mare, Impact investor and expert in desiging and building green communities that uses a blended development approach. Design and facilitation of entire green communities via a non-profit I started. I can also physicall secure, develop land and build green communities, individual buildings or partner with those who need additional deal flow for ay of the value streams - as a non profit or for profit depending on community needs. Coming out of stealth mode for both, but have more deals lined up than many established companies. www.linkedin.com/in/petedemare From km.christensen@mac.com to Everyone: 12:54 PM Hi All, Klaus-Michael Christensen, building impact investment pipeline for impact investors. https://www.linkedin.com/in/klausmichael/ From Sherry Sacino to Everyone: 12:56 PM Hi all…would love to connect in this space…https://www.linkedin.com/in/sherrysacino/ From Jon Sahn to Everyone: 12:57 PM I built homes in Haiti and when we visited the village we gave solar lights. The most incredible experience I have ever had. Still brings goosebumps From Ted Levinson to Everyone: 01:01 PM Ted Levinson with Beneficial Returns - we make loans to social enterprises addressing poverty in Latin America and SE Asia. We borrow our capital from DAFs, family foundations and faith-based communities. From Jack Higgins to Everyone: 01:01 PM To Scott Carroll: A slight tweak to that “hybrid” model is a “tandem” business model. We’re developing a 501(c)(3) nonprofit and a for-profit Benefit Corporate in parallel - or “tandem” - and rather than owning the for-profit, the nonprofit is one shareholder in the for-profit, with most ownership by impact investors. (See https://www.globaltelenet.org/sustainable-business-model-1.) From Nermin Ahmad to Everyone: 01:02 PM 35 years experience working in African Countries (e/W/S/N), in Asia (Pakistan/Bangladesh/Philippines/etc), in former Eastern block - and in rural remote US - nothing beats sitting with local people, and understanding how to blend the stakeholder needs - by group. Or the shock of poverty in the USA From marc blumenthal to Everyone: 01:02 PM Hi my name is Marc Blumenthal.  I am Executive Director of the Social Ventures Foundation.  We are focused on creating markets at the Bottom of the Pyramid (the world’s poorest) by developing and promoting social ventures that provide jobs for the poor to deliver meaningful social impact to the poor at a price the poor can afford. https://www.socialventuresfoundation.org/ https://www.vicehaiti.com/  Our show case social venture in Haiti that delivers vitamin supplementation to the poor at a price the poor can afford https://www.epicsocialventures.com/  Our annual showcase promoting  social ventures from university and college students worldwide.    From Jack Higgins to Everyone: 01:04 PM To Regina Rossman - Thanks for your hot tip in response to my question regarding a tandem business model. I’ll check out that website! From Scott Carroll to Everyone: 01:07 PM Thanks Jack - Hadn’t heard “tandem” before, but we were thinking that the 501c3 would own a % of the B-Corp. To Jack - VCs are excited by the project, but the traditional VC gets concerned when they hear 501 c3 - it’s been a good filter. From Jon Sahn to Everyone: 01:07 PM Completely agree the advisor is a key member of the team. They control the $$$$ From Jean-Luc Park to Everyone: 01:08 PM to Scott. you have to calm all of the investors. make it so you are the best deal they've seen in the past 6 months and best they'll see in the next 3 months. otherwise their attention will go to that deal. From Sherry Sacino to Everyone: 01:08 PM I have a 501(c)(3) that licenses the technology of my Benefit Corp and generates revenue to create sustainability. It’s GlobalStoryMakers.com and RescueWriting.org… we work with schools and NGOs globally to produce books for and with children. From Jack Higgins to Everyone: 01:09 PM To Scott Carroll - Tandem is a relatively new term to contrast from what is now described as “hybrid,” which usually implies that one company starts and owns the other (in either direction). By the way, this model will be attractive to impact investors, but neither hybrid nor tandem is thrilling to traditional VCs. From Syd delCid to Everyone: 01:09 PM We can vote with our dollars by buying from conscious companies that measure their impact such as B Corps! www.bcorporation.net . Happy to chat through this community of people using business as a force for good! https://www.linkedin.com/in/syd-del-cid/ From Scott Carroll to Everyone: 01:10 PM I agree Jean-Luc. From Syd delCid to Everyone: 01:09 PM We can vote with our dollars by buying from conscious companies that measure their impact such as B Corps! www.bcorporation.net . Happy to chat through this community of people using business as a force for good! https://www.linkedin.com/in/syd-del-cid/ From Scott Carroll to Everyone: 01:11 PM I agree Jean-Luc. Thanks Jack - this is a much easier conversation with this crowd than with the “shark tank” crowd. Aligned interests From Iliana María Such to Everyone: 01:13 PM Yes, Scott Carroll, social enterprise, hybrid model, investment starting as a mission related investment after scales into an enterprise in which purpose drives profit. We see a deep impact because of this. The drive to produce profit because of the impact potential it has. From Regina Rossmann - Convergence to Everyone: 01:14 PM To learn more about Convergence: www.convergence.finance Derek Q de Stockalper 12:26 PM Post-crisis do you see the emergence of public-private platforms to address dynamically global health/climate risks ? Could “blended finance” play a catalyst role here ? This question has been answered live Anonymous Attendee 12:27 PM What are clients usually the most skeptical about while considering deploying their capital into blended finance? How do you adress their skepticism? This question has been answered live natashamatic 12:32 PM There is not enough coordination and collaboration between the phialnthropic capital and other forms of capital in order to make it work. Unless we coordinate better and make investors of various types work together it won’t work. How do we make philanthropic capital and other forms of capital work closer together? This question has been answered live Sepideh Moussavi 12:23 PM How can we convince large corporation that social returns is just as impotant as financial returns? It's so hard to change the bottom-line mindset!!! This question has been answered live Elizabeth Rogers 12:24 PM Q for Jennifer: I'm a swimmer too! :) Do you see Community Development Financial Institutions (CDFIs), as intermediaries and asset managers, factoring into your clients' portfolio development and investor education and how can CDFIs do a better job of connecting with impact investors? This question has been answered live Aamir A. Rehman 12:47 PM Would love to learn more about CDFIs and how we can use them in Trenton, NJ Aamir A. Rehman 12:54 PM (or in our local communities more broadly) Good Work Institute 12:33 PM Can you comment on the idea that growth itself as the goal of capital is part of the system that doesn’t work for people or planet? How could blended finance address the need to find a more steady state and sustainable economy, rather than an economy dependent on growth? Patricia Foley Hinnen 12:43 PM The Impact investing sector has been built on the backs of practitioners and now that it is becoming more mainstream, philanthropic funds are chasing program related investments when they should be making grants to support infrastructure development. What foundations are doing the best job to support field building? km.christensen@mac.com 12:43 PM How can private sector capital collaborate with development banks, who really need private sector solutions to social & environment challenges. Jon Sahn 01:03 PM Hi Klause Talk to Stephanie Gripne of Impact Finance Center km.christensen@mac.com 01:04 PM Hi Jon, Thanks! Will do. Jean-Luc Park 12:24 PM we see successful impact investments become relabled as just good/successful investments. how to reclaim the success stories to be still called as impact investing? Sepideh Moussavi 12:26 PM In what type of sustainability (ESG) has Jennifer seen the most financial returns? If I was to focus on one out of the three (Environment, Social or governance) which one would be easier to get a buyin for? Jack Higgins 12:35 PM In our “tandem” business model, we have a 501(c)(3) nonprofit to provide free telehealth consultations (seeking philanthropic dollars). Now we’re starting a for-profit social enterprise as a Benefit Corporation operating a parallel telehealth network for patients who can cover their costs (seeking equity capital). How does that fit your model of blended finance? Regina Rossmann - Convergence 12:55 PM Jack, you may want to compare notes with TeamFund Health http://teamfundhealth.org/ Joana Petrova 12:46 PM Where do you see the field of impact investing in 10 years and what do you think would be helpful in making it even more widespread and successfull in implementing permanent solutions to the social and environmental issues we face? Carter Crockett 12:48 PM I’ve often thought a menu, spectrum or 2X2 grid of ALL the impact investment vehicles (between philanthropy and conventional investment) would be helpful. What is the best resource available to map all the emerging options for the uninitiated today? Jeanne 12:25 PM How do you evaluate the impact of your client portfolios, and what kind of instruments are they using to invest in line with their purpose? Sepideh Moussavi 12:29 PM Jennifer, what are your thoguhts on blockchain and digital assets? Do you believe blockchain can make things easier? Especially in terms of data sharing and accessibility? You 12:30 PM Have you any thoughts on how metrics should be improved so that business initiative attract investment based not only on profit, but also social and environmental impact? Graham Boyd 12:32 PM What are the barriers we impose, holding us back from creating impact without leaving anyone out, when we incorporate in ways leaving all but investors out of the governance / voting in general meeting? (My take: many ESG issues have this at their root - hence the inclusive all-stakeholder incorporation we are deploying.) Linda Nemec 12:37 PM What would be the target timeline for Development Finance Institutions to complete the due diligence and underwriting to be considered a potential partner more often? Jeanne 12:38 PM Do you ‘bundle’ your clients to do due diligence on potential private placements? Jean-Luc Park 12:40 PM with PRI, do many groups still follow the old gates foundation model of being able to recall the capital if the company pivots to a business focus that's not aligned with the mission of the foundation? if so, what needs to be done to change this situation? saraboyd 12:40 PM how do entrepreneurs learn about blended finance and the different types of capital available to help their businesses and ideas? Carter Crockett 12:44 PM I think Lean Impact (https://www.amazon.com/Lean-Impact-Innovate-Radically-Greater/dp/1119506603/ref=sr_1_1?crid=O88BPIPKS8NZ&dchild=1&keywords=lean+impact&qid=1596127390&sprefix=lean+impact%2Caps%2C591&sr=8-1) is a good resource for entrepreneurs. saraboyd 12:48 PM Thanks Carter! Carter Crockett 12:49 PM Sure! There are ~2 chapters on blended finance in the book Regina Rossmann - Convergence 12:50 PM At Convergence, we have authored and curated a range of resources on blended finance, available here: https://www.convergence.finance/resource Regina Rossmann - Convergence 12:51 PM For an overview of blended finance archetypes, read our Blended Finance Primer: https://www.convergence.finance/blended-finance saraboyd 12:53 PM Thanks Regina! Convergence has a great website and resources! Jack Foreman 12:43 PM Is there a minimum deal size that you would consider for a blended finance solution? Aamir A. Rehman 12:46 PM Great perspective on DAFs -- which DAF administrators allow for alternative investments and guarantees? I doubt that my DAF administrator would allow those. Jeanne 12:48 PM You can use your DAF to make a direct investment through http://realizeimpact.org/ You 12:56 PM Productivty and profit have improved massively over several decades ... not so much for not-for-profit performance ... that is social impact and environmental impact. Inequality has been created by workers being paid too little and the investor community being rewarded much to much. How can we fix this problem? Anonymous Attendee 12:56 PM Will all comments and questions be shared with all attendees? Erika Brice 12:58 PM Can you talk about how your style/strategy for investments supports a more sustainable US economy? Sepideh Moussavi 12:35 PM Could Jennifer recommend a great master programme that can compliment our passion in impact investing and make it more academic? Joan Larrea 12:37 PM You are welcome to check out our training resources if they may be helpful. https://www.convergence.finance/training. Sepideh Moussavi 12:39 PM Thanks You 12:37 PM Over the past 40 years owners have seen massive productivity and profit increase ... perhaps 700% but wages have flatlined for most essential workers ... perhaps 7% over 40 years !!!!!! Can impact investors / blended investment address this? How? You 12:43 PM What role does taxation have? Municipalities have huge responsibilities but investors seek tax holidays to make investment in a community ... and over time the municipality is out of business! Gregory Frezados 12:52 PM Would you guess that a Midwestern renewable energy startup could assume that a Silicon Valley family office understands blended finance, or should the startup prepare to give them an introduction to the concept? You 01:01 PM This has been a spectacular presentation. How can Jennifer Kenning be cloned a thousand times real fast? Anonymous Attendee 01:03 PM Where can we share blended finance and related resources? Regina Rossmann - Convergence 01:05 PM you can get in touch with us at Convergence Finance, the reason why we exist is to build the blended finance market. See our most recent analysis and blogs here: https://www.convergence.finance/news-and-events Elizabeth Rogers 01:04 PM I'd be glad to connect with you, Amir, or others wanting to know more about CDFIs in addition to Jennifer's excellent input. linkedin.com/in/elizabeth-rogers-18a0136 Joan Larrea 01:05 PM Again, we’ve got detailed case studies and data at www.convergence.finance. And if anyone has interesting blended finance data or news, we can share across a broad membership. You 01:08 PM We have strong profit accounting. How do we get social impact accounting and environmental impact ... numbers not stories?
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