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Financing for Social Impact : how to better support
social purpose organisations
EVPA Research Webinar | 31.01.2018
PRISCILLA BOIARDI
Knowledge Centre and Policy Director
European Venture Philanthropy Association
ALESSIA GIANONCELLI
Research Manager
European Venture Philanthropy Association
THE EVPA KNOWLEDGE CENTRE RESEARCH TEAM
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GOTOWEBINAR | TIPS & TRICKS
15:00-15:05 INTRODUCTION WHAT IS THE SCOPE OF THE WEBINAR
WHO ARE OUR SPEAKERS
15:05-15:25 OVERVIEW OF THE EVPA LATEST RESEARCH REPORT RESEARCH FRAMEWORK
MAIN INSIGHTS
15:25-16:05 DISCUSSION WITH OUR EXPERTS INSIGHTS FROM EXPERTS FROM THE FIELD
16:05-16:20 Q&A FROM THE AUDIENCE
16:20-16:30 CONCLUSIONS
AGENDA FOR TODAY
LATEST EVPA RESEARCH REPORT
/!\ Downloadable for free from our website: http://bit.ly/F4SocImp
ANNE HOLM RANNALEET
Trustee and Executive Director
IKARE Ltd
LAURA KROMMINGA
Hybrid Finance Initiative Program Director
Ashoka
JOHANN HEEP
Social Banking Development Manager
Erste Group Bank
OUR SPEAKERS
STEFANO MASSERA
Social Banking Local SPO Portfolio Manager
Erste Group Bank Österreich
THE EVPA LATEST RESEARCH REPORT
“FINANCING FOR SOCIAL IMPACT |
THE KEY ROLE OF TAILORED FINANCING
AND HYBRID FINANCE”
Tailored financing is the process through which a venture philanthropy
organisation or a social investor (VP/SI organisation) finds the most
suitable financial instrument to support a social purpose organisation
(SPO) choosing from the range of financial instruments available (grant,
debt, equity, and hybrid financial instruments).
The choice of the financial instrument(s) will depend on the
risk/impact/return profile of the VP/SI organisation and on the needs
and characteristics of the SPO.
TAILORED FINANCING | DEFINITION
Venture Philanthropy Organisation/Social Investor – VPO/SI
An organisation that funds SPOs (through grant, debt, equity or hybrid financial
instruments), providing a range of organisational support and measuring and
managing impact.
Social Purpose Organisation – SPO
An organisation that operates with the primary aim of achieving measurable social
and environmental impact. Social purpose organisations include charities, non-
profit organisations and social enterprises.
DEFINITIONS
TAILORED FINANCING | A THREE-STEP PROCESS
Elements of the VP/SI organisation’s investment strategy
that influence the choice of which financing instrument to
use:
• the VP/SI organisation’s legal structure
• the VP/SI organisation’s investors/funders
• the VP/SI organisation’s life-cycle
• the VP/SI organisation’s duration of commitment
• the VP/SI organisation’s non-financial support
• the VP/SI organisation’s team
the VP/SI organisation’s impact/financial expectations
and risk profile
TF | 1. ASSESS THE PRE-CONDITIONS OF THE VP/SI ORGANISATION
SPO
TF | THE VP/SI ORGANISATION’S IMPACT/FINANCIAL EXPECTATIONS
AND RISK PROFILE
~ Towards a categorisation of impact strategies ~
The valuation process
Choosing the VP/SI organisation’s impact strategy
TF | 2. ASSESS THE FINANCIAL NEEDS OF THE SPO
Characteristics of the social purpose organisation
that influence the choice of which financing instrument
to use:
Internal factors:
• the SPO’s business model
• the SPO’s organisational structure
• the SPO’s stage in the life cycle
External factors:
• the macro-environment
• the SPO’s stakeholders
TF | PATH FOR THE SPO – ASSESS THE SPO’S FINANCIAL NEEDS (1/2)
SPO with a hybrid structure:
a combination of a for-profit entity and a not-for-profit one.
TF | PATH FOR THE SPO – ASSESS THE SPO’S FINANCIAL NEEDS (2/2)
TF | 3. MATCH THE VP/SI ORGANISATION’S GOALS WITH THE SPO’S NEED
TF | 3. MATCH THE VP/SI ORGANISATION’S GOALS WITH THE SPO’S NEED
HYBRID FINANCE | DEFINITIONS
HYBRID FINANCE | MAIN OBJECTIVES
FIRST Q&A SESSION
LET’S DISCUSS WITH OUR EXPERTS
ANNE HOLM RANNALEET
Trustee and Executive Director
IKARE Ltd
INSIGHTS FROM IKARE
JOHANN HEEP
Social Banking Development Manager
Erste Group Bank
STEFANO MASSERA
Social Banking Local SPO Portfolio Manager
Erste Group Bank Österreich
INSIGHTS FROM ERSTE GROUP BANK – SOCIAL BANKING
LAURA KROMMINGA
Hybrid Finance Initiative Program Director
Ashoka
INSIGHTS FROM ASHOKA
More information about the Social Investment Toolkit at: http://socialinvestmenttoolkit.com
SECOND Q&A SESSION
LET’S DISCUSS WITH OUR EXPERTS
ANNE HOLM RANNALEET
Trustee and Executive Director
IKARE Ltd
LAURA KROMMINGA
Hybrid Finance Initiative Program Director
Ashoka
JOHANN HEEP
Social Banking Development Manager
Erste Group Bank
OUR SPEAKERS
STEFANO MASSERA
Social Banking Local SPO Portfolio Manager
Erste Group Bank Österreich
FINAL THOUGHTS AND EVPA TRAINING ACADEMY
CONCLUSIONS
EVPA TRAINING ACADEMY 2018
For more information: https://evpa.eu.com/training-academy
EVPA’S KNOWLEDGE CENTRE
IS KINDLY SUPPORTED BY:
RUE ROYALE 94 B-1000 BRUSSELS T +32 2 513 21 31 EVPA.EU.COM [email protected] european-venture-philanthropy-association @_EVPA_
