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Innovating on the Pay for Success Model: How ‘Social Derivatives’ Can Unlock Everyday Giving to Incentivize Greater Impact
Pay-for-success models have generated considerable excitement in the social finance sector. But according to Akhil Pawar and Geet Kalra at Yunus Social Business, the approach presents several challenges, mainly around the question of who will pay, and how to ensure an economical structure. They share a potential solution that leverages retail giving, substituting large donors with small ones by using "social derivatives."
- Categories
- Impact Assessment, Investing
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Viewpoint: How 2020 Will Turn Us Into Better Impact Investors
One of the most reassuring things we’ve seen lately amidst the pandemic and the rallying for racial justice has been the way communities and industries have come together to give back and make an impact on those around them. But what will giving back and affecting change—both with our hearts and our wallets—look like once we emerge out of this?
- Categories
- Coronavirus, Investing
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India Needs More Non-Profit Unicorns: Here’s How Transparency and Disclosure Standards Can Help Build Them
India's non-profits are tackling huge social challenges, but they're facing a persistent problem: inadequate funding. According to Varad Pande and Rahul Bhide at Omidyar Network, this issue is driven in part by a lack of disclosure standards detailing the information non-profits should share about their impact. They explore how simple yet robust standards could boost transparency and increase trust among donors, bringing more capital and talent into the sector.
- Categories
- Impact Assessment
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Press Release: Five Foundations Commit $1.7+ Billion to Nonprofit Organizations in Wake of Pandemic
The Doris Duke Charitable Foundation, Ford Foundation, W.K. Kellogg Foundation, the John D. & Catherine T. MacArthur Foundation, and the Andrew W. Mellon Foundation announced a joint commitment to increase their payouts to nonprofit organizations with more than $1.7 billion within the next three years to help stabilize and sustain a nonprofit sector facing devastating economic effects due to the global pandemic and the epidemic of social injustice.
- Categories
- Coronavirus, Finance
- Region
- North America
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Jack Ma Boosting Africa’s Tech Innovation with Netpreneur Award
The Africa Netpreneur Prize Initiative (ANPI), set up by the Jack Ma Foundation, which is attracting a prize money increase to $1.5 million from $1 million, will enhance technology innovation among African entrepreneurs, writes Emma Okonji.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Press Release: The Visa Foundation Announces Grantees to Support COVID-19 Recovery in U.S. and Canada
The North America funding includes $1 million total towards hunger relief across the U.S. and Canada to Feeding America and Food Banks Canada, respectively. The additional funds will support first responders and health care workers, with grants to the American Red Cross and Direct Relief.
- Categories
- Coronavirus
- Region
- North America
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Impact Investor Networks Collaborate to Tackle Covid-19 Fallout
A broad group of impact investing networks supported by several foundations has created a coalition to leverage their combined expertise and capital, and to speed up the information flow on financing needs, to tackle many of the consequences that have surfaced from the coronavirus pandemic.
- Categories
- Coronavirus, Investing
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What More Could Donors Be Doing on COVID-19?
Development professionals in Latin America and the Caribbean are most frustrated with donors’ response — 88% of respondents based there feel donors are not doing enough, followed by 79% in North America.
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