Monthly Archives: September 2011

Money for Good

Social Finance Opportunities for Calgary

Social finance has historical roots but is becoming increasingly relevant in our current economic climate. Across Canada, innovative ways of mobilizing money for social good are being explored.

 How do we prepare Calgary to be able to leverage social finance tools?

 Join Adam Jagelewski, Manager of Social Finance at Social Innovation Generation, as he introduces Calgary to:

  • Social finance and impact investing,
  • Cross-sectoral approaches to advancing social finance mechanisms, and
  • Social finance tools, such as Social Impact Bonds, as a way of mobilizing money for poverty reduction.

Where: Kahanoff Conference Centre, Room 201 (1202 Centre Street SE)

When: October 27, 2011

8:30 – Arrival

9:00 – Adam Jagelewski on social finance, impact investing & social impact bonds

10:00 – Michele Fugiel Gartner on social enterprise & social finance opportunities in Calgary

11:00 – Discussion

This event is free, but registration is required. Register here.

* A light continental breakfast will be served


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You’ve Heard of Slow Food, Now There’s Slow Money

By Karen Anderson (as originally published in the September/October 2011 issue of City Palate)

Why would anyone want “slow money”? As a culture we’ve been programmed to hope for fast money. Woody Tasch is the author of Inquiries into the Nature of Slow Money – Investing as if Food, Farms and Fertility Mattered. In his book, he poses hard questions, like why modern money markets ask us to take our money away from local businesses to invest it globally. He’s witnessed the impoverished farms and abandoned main streets that the emphasis on global investment has wrought, and he’d like to help turn that around.

Continue reading “You’ve Heard of Slow Food, Now There’s Slow Money” »

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“Let’s Change the World”: Lessons from Mission-Driven Banking

By Brenna Atnikov

Before its closure in 2010, ShoreBank Corporation was the United States’ leading social enterprise. A certified Community Development Financial Institution (CDFI), ShoreBank envisioned a different approach to address the twin problems of access to capital and urban decay. The goal was to make money more easily available in marginalized, inner-city neighbourhoods so that folks could buy a home, build a business or develop a community. Investments were thoughtfully considered from a holistic perspective, and guided by an ethos that moderate financial returns should be paired with strong social returns.

So why did the bank succumb to the continued financial crisis in the United States?

More importantly, what can we learn from ShoreBank’s legacy? How can we apply that learning here at home?

Read more from the Stanford Social Innovation Review article: Too Good To Fail


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