An excellent new framework for social investment and community building below. Attached please find the study done by Washington Lobbyists on how to destroy OWS.
Vancity and Vancouver Foundation introduce innovative, high-impact investment program to build resilient communities
November 25, 2011 – Vancouver, BC – Vancity and Vancouver Foundation today announced the launch of the Resilient Capital Program, which includes a new product for depositors who want to make a guaranteed fixed return on their money while backing social enterprises that are making a positive impact in the community. The program – a collaboration between philanthropy, the financial sector and government – started with a grant from the Province of British Columbia to Vancouver Foundation to invest in social enterprises.
The Resilient Capital Program is a unique, high-impact investment program that will help build resilient communities by making up to $15 million of patient capital available for qualifying social enterprises.
Tamara Vrooman, president and CEO of Vancity, says this new deposit product gives depositors a simple and attractive way to fund high-impact social enterprises without a high level of risk, and it provides much needed equity capital and loans with flexible repayment terms to the social enterprise sector. “This type of program is exactly what the Canadian Task Force on Social Finance recommended in its report,” says Vrooman. “As a locally based and owned financial cooperative, Vancity and its community partners have a unique opportunity to act as a catalyst to mobilize capital for social finance.”
Faye Wightman, CEO of Vancouver Foundation, says there are many philanthropists who want to go beyond simply donating money to good things. “The idea that they can now support local projects – with high social and environmental impact – while also making a return on their investment, is a perfect way to help them expand their support of the community.”
Premier Christy Clark, who announced the program today at the B.C. Non-Profit Partnerships Summit says, “The Resilient Capital Program is an excellent example of what can happen when people put their minds into finding solutions to the social and economic challenges in our communities.”