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Robert Egger suggests that nonprofits pool their financial assets in a common "nonprofit bank" and allow the deposits to fund loans to other nonprofits. Interesting idea and another example of social capital markets at work.
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Paul Brest, Hewlett Foundation president and Tactical Philanthropy Forum guest, will be engaging in one of the Chronicle of Philanthropy's live chat sessions on Tuesday November 4 at noon eastern.
2 Comments
Hey Sean,
I just commented to RE that Banca Prossima is doing this in Europe and has a very cool model. Here are some slides on slideshare from the Social Innovation Exchange conference this summer.
http://www.slideshare.net/sixslides/alessandra-dalcolle
Very interesting funding model.
Best,
Fran
Thanks Fran. I’ve passed the slides along to Egger.