Social Enterprise Presented by Cynthia Amador, MSSE...Funding Your Social Enterprise, Beyond Grants...
Transcript of Social Enterprise Presented by Cynthia Amador, MSSE...Funding Your Social Enterprise, Beyond Grants...
Social Enterprise
Presented by
Cynthia Amador, MSSE
The Double Bottom Line
Nonprofit and for-profit businesses that are able to support the mission of their organizations and generate revenue for greater self sufficiency and profitability — achieving what many refer to as the “double bottom line.”
By adding environmentally friendly goals some ventures also aim for a “triple bottom line.”
Overview
◍Defining Social Enterprise
◍Theory of Change
◍Identifying Social Opportunities
◍Developing a Plan
◍Funding a Social Venture
◍Measuring Social Impact
◍Sustainable Equilibrium
“Defining Social Enterprise:
“Social Entrepreneurs play the role of change agents in the social sector, by: ◍ Adopting a Mission to create and
sustain social value (not just private value)
◍ Recognizing and relentlessly pursuing new opportunities to serve that mission
.
“Defining Social Enterprise (cont.):
◍ Engaging in a process of continuous innovation, adaption, and learning,
◍ Acting boldly without being limited by resources currently in hand, and
◍ Exhibiting a heightened sense of accountability to the constituencies served and for the outcomes created.
By Gregory Dees who first envisioned social entrepreneurship as a field of study in the late 1990’s
.
Theory of Change
1.
Theory of Change
Valu
e P
ropositio
n What Do You Want to Change?
Outc
om
es How will this
be measured?
Indic
ato
rs What improvements will we see?
2.Identifying Social
OpportunitiesWhat do you want to change?
The Creation of a New Product of Service
A New Process for Producing or Delivering Existing Product,
Service, Program or Project
Delivering an Existing Product or Service to a New or Underserved Market
Utilizing a New Source of Labor or other Production
Inputs
Implementing a New Organizational
or Industrial Structure
Implementing New Ways of Engaging
Customers or Target Beneficiaries
The Utilization of New Funding
Models
Criteria For Assessing Social Value
◍Social Need
◍Mission Alignment
◍Achievable Impact
◍Social Return on Investment
◍Community Support
Developing a Plan
3.
4.Organizational Structure
The strengths and limitations of different models
Organizational Structures
◍Pure Non-Profit
◍Tax exempt◍Can Fundraise◍Can secure Govt and Private funds◍UBIT for revenue generating enterprises◍No Investors or Equity
◍Hybrid
◍For-profit owned by a non-profit◍Can secure investors◍Has Equity◍Can be a B-Corporation
◍Pure For Profit
◍Can be a B-Corporation◍Can be an LLC and corporation ◍Can Secure Angel and Investor Capital◍Can experience Mission Drift
5.Funding Social Ventures
SHOW ME THE MONEY!
Funding Your Social Enterprise, Beyond Grants
Crowdfunding
◍ Kickstarter◍ GoFundMe◍ RocketHub◍ Razoo◍ StartSomeGood◍ CrowdRise◍ Indiegogo
Angels/VC’s◍ Calvert Social Impact Fund◍ Black Rock Impact Fund◍ Morgan Stanley Institute for
Sustainable Investing
◍ City Light Capital ◍ SJF Ventures
Funding Your Social Enterprise, Beyond Grants
Social Impact
Investments
◍ Foundation – Program Related Investments
◍ Mission Related Investing
Debt Funders (scaling)◍ CDFI’s◍ RSF Social Financial◍ Manhattan West Asset
Management◍ Bolstr.com◍ CircleUp.com◍ LocalStake.com
5.MEASURING IMPACTHow do you Quantify Your Impact?
MEASURING FOR SOCIAL IMPACT
TONIIC is the global action community for impact investors
GIIRS IRIS GIIN
Foundations are using established metrics to compare impact across diverse investments
Poverty Alleviation Food Security and Supply
Health Education
Gender Equality Water and Sanitation
Community Empowerment Clean Energy & Efficiency
Natural Resources & Conservation Culture & Justice
Sustainable Communities Financial System
“For More Resources on Impact
TRACI
http://traci.foundationcenter.org
6. The Sustainability Equilibrium
• B-Corp
• Patient Capital
• For-Profit Ventures
• PRI
• For Profit Ventures
• Non-Profit
• For-Profit Ventures
• Grant Writing
• Fundraising
• Volunteers
• In-Kind
Traditional Non-Profit
Hybrid
Socially Responsible
Business
Social Enterprise
Thanks!Any questions?
Cynthia Amador, MSSEInnovation ConsultantThe Monares Group
[email protected] or at [email protected]
Text/cell (323) 497-9475
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