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Meaning and Money Intersect at Social Capital Markets Conference

"We refuse to believe capitalism cannot serve, that we cannot grow and address poverty without destroying the planet."

Monitor Group's Katherine Fuller opened the Social Capital Markets Conference with a bold declaration: "We refuse to believe capitalism cannot serve, that we cannot grow and address poverty without destroying the planet." The floors of the conference were electric with the cross pollination of over 1,600 entrepreneurs, investors, fund managers, and others who identify with the concept of using their money for good.

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Local Banking Beyond the Bottom Line: Three Awesome Models

These socially-motivated local banks are profit making, but not profit maximizing. They've been at it for decades and it's beginning to catch on.

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At GOOD we keep a close eye on the growing trends of social enterprise and its financial sector cousin, impact investing. Let's not forget some of the outstanding work taking place from the older brand of for-profit social business: Community Development Financial Institutions. Before you begrudge these humble banking heroes because of their clunky title, get to know these three impressive lending styles.

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Social Impact Bond Launches in U.S. Backed By Goldman Sachs, Mike Bloomberg Billionaires See Profit in Prisons, But It's a Good Thing This Time

The money men at Goldman Sachs join NYC's Billionaire-in-Chief to use creative finance for good. The Social Impact Bond has come to America!


Goldman Sachs is making an unusual loan: $9.6 million to help young men stay out of New York City jail. And they could earn millions on the deal. But it's taxpayers more than shareholders who should be pleased with the plan.

New York City Mayor Michael Bloomberg proudly announced a new kind of City spending yesterday. "As the first city in the nation to launch a Social Impact Bond, we are taking our efforts to new levels and we are eager to see the outcome of this groundbreaking initiative,” he said in a statement. As Bloomberg and Goldman go, expect other banks and mayors to follow.

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Pay for Success: How a New Kind of Bond Could Save Taxpayer Money and Improve Social Services

The White House has big plans for a new idea to funnel private money into social work.


Two federal agencies will steer tax money for social programs through a new for-profit investing tool tested in the United Kingdom and Australia, according to a report co-authored by the White House and the Nonprofit Finance Fund.

Rather than providing social services directly, the bonds will allow the government to task a firm in the private sector to solve a public challenge, paying the company only if it achieves certain success metrics. Using pay-for-success bonds could save taxpayer money, earn a profit for impact investors, and incentivize innovation to solve chronic social challenges. In the United States, this is all theoretical at this point, but 2012 may be the year that changes.

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Social Impact Investing: It's Not Wall Street as Usual

Antony Bugg-Levine and Jed Emerson explain how everyone—even you!—can make the future of finance more ethical through impact investing.

As grumbles over economic inequality and Occupy Wall Street-inspired protests spread across the country, GOOD has been sharing alternatives to business as usual for our financial system, from peer-to-peer lending for savings and loans to crowdfunding for startups. Today, two experts in the budding field of impact investing—putting your money to work for your bottom line and your values—explain the tremendous potential that comes with melding of philanthropy with investment banking.

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Eight Word Mission Statements and Other Ways the Mulago Foundation Obsesses over Social Impact Measurement How to Do Good and Prove It: Integrate Social Impact in Your Nonprofit's DNA

Philanthropist Kevin Starr demands great ideas, scalability, and eight word mission statements. It's all part of a Design for Impact approach.

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