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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.
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ABOUT SEAN STANNARD-STOCKTON
Sean Stannard-Stockton is the president and chief investment officer of Ensemble Capital Management, located in Burlingame, CA, midway between San Francisco and Silicon Valley. From 2006 through 2012, Sean authored the Tactical Philanthropy blog and wrote regular philanthropy columns for both the Financial Times and the Chronicle of Philanthropy. In 2012, Sean officially ended the blog to focus on growing Ensemble Capital.
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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.