SIBs 2.0 – The Impact Security | Case Study: The Last Mile Impact Security Deal
Catarina Schwab, NPX, Inc.
Introducing a new, better way to fund impact in the nonprofit sector - the Impact Security. NPX developed the financial product to benefit all three participants. Nonprofits can access more money from new sources at a lower cost over longer timelines focused on impact. Donors can maximize impact, catalyze investor capital and unlock more impact data. And lastly, investors can invest in a nonprofit through a financial product that explicitly links financial returns with impact. The first Impact Security launched in May 2018 for nonprofit The Last Mile and included 27 top philanthropists and foundations. Learn more about this historic transaction.
#transformphilanthropy #impinv #innovation #fundimpact #pioneers
Moderator Tom Scott - The Nantucket Project Lindsay Beck - NPX Fred Blackwell - The San Francisco Foundation Beverly Parenti - The Last Mile Anna Pinedo - Mayer Brown Scott Wu - Omidyar Network
Website - www.npxadvisors.com First Impact Security Press Release - https://npxadvisors.com/press/npx-launches-new-donor-fund/ First Impact Security New York Times Article "A New Model for Financing Nonprofits" - https://www.nytimes.com/2018/05/15/business/dealbook/a-new-model-for-financing-nonprofits.html SSIR Article "Social Impact Bonds - What's in a Name?" - https://ssir.org/articles/entry/social_impact_bonds_whats_in_a_name Impact Security White Paper - https://npxadvisors.com/wp-content/uploads/2016/06/NPX-Whitepaper-vFINAL.pdf "What Matters: Investing in Results to Build Strong, Vibrant Communities" Book Chapter - http://www.investinresults.org/chapter/impact-security