Podcasts about program related investments

Welcome to EO Radio Show - Your Nonprofit Legal Resource. Episode 73 discusses frequently used terms in the nonprofit world pertaining to investment activities. Public charity and private foundation directors and officers need to understand their obligations as fiduciaries when determining whether an investment opportunity meets the criteria for a prudent investment, a program-related investment, or a mission-related investment. This episode unpacks the rules around each term, covering a basic explanation of “prudent investment,” “PRI,” and “MRI.” The episode concludes with recommendations for ensuring that a private foundation's investments qualify as PRIs and best practices for developing an investment policy statement that covers the overall portfolio investment policy statement. Resources: Farella YouTube channel: www.youtube.com/@farellabraunmartel/podcasts EO Radio Show #16: Basics of Impact Investing: A Conversation About Investment Policies and Evaluation Metrics For ESG Investors EO Radio Show #35: Hot Topic: UPMIFA in the Context of Financial System Instability IRS Issue Podcasts for charities: www.stayexempt.irs.gov/home/resource-library/issue-podcasts Instructions for 990PF: www.irs.gov/pub/irs-pdf/i990pf.pdf IRS pages on Expenditure Responsibility and Program Related Investments:  www.irs.gov/charities-non-profits/private-foundations/terms-of-grants-private-foundation-expenditure-responsibility www.irs.gov/charities-non-profits/private-foundations/terms-of-program-related-investments-private-foundation-expenditure-responsibility www.irs.gov/charities-non-profits/private-foundations/violations-of-expenditure-responsibility-requirements-private-foundations UPMIFA Documents: www.uniformlaws.org/committees/community-home?CommunityKey=043b9067-bc2c-46b7-8436-07c9054064a3 If you have suggestions for topics you would like us to discuss, please email us at eoradioshow@fbm.com.  Additional episodes can be found at EORadioShowByFarella.com.  DISCLAIMER: This podcast is for general informational purposes only. It is not intended to be, nor should it be interpreted as, legal advice or opinion.

Prior to co-founding Biomatics Capital Partners in 2016, Ms. Sunderland was director of Program Related Investments for the Bill & Melinda Gates Foundation. She led the foundation's $1.5 billion strategic investment pool, which focused on global health, global development and education. She funded 50 investments, including 30 in health care, and built a team of 10 investment professionals.Ms. Sunderland also chaired Bill & Melinda Gates Foundation's investment committee, which reviews all program-related investments. Prior to that role, she advised foundations, development finance institutions and governments on venture capital, SME financing and technical assistance programs. Ms. Sunderland holds a B.A. from Harvard University, an MBA from Wharton Business School and an M.A. from Johns Hopkins School of Advanced International Studies.Ms. Sunderland sits on the Board of Directors for several of Biomatics' portfolio companies including Aledade, BlackThorn, eGenesis and Verana.

Welcome to episode #762 of Six Pixels of Separation. Here it is: Six Pixels of Separation - Episode #762 - Host: Mitch Joel. Judy Samuelson is founder and executive director of the Aspen Institute Business and Society Program and a vice president at the Aspen Institute. Judy led a ten-year campaign to disrupt Milton Friedman's narrative about profit-maximization to successfully challenge conventional thinking in board rooms and classrooms about the purpose of the corporation. She produced the Aspen Principles of Long-Term Value Creation to challenge short-termism in business and capital markets, and is promoting a set of principles designed to disrupt the status quo in boardrooms about the design of CEO pay. Judy's career spans working in the California State Legislature, banking in New York's garment center, and directing the Ford Foundation's exploration of impact investing - the Office of Program-Related Investments. Judy writes regularly for Quartz at Work. She is a Rockefeller Foundation Bellagio Fellow and a director of the Financial Health Network. Her new book is called, The Six New Rules of Business - Creating Real Value in a Changing World. Enjoy the conversation... Running time: 52:12. Hello from beautiful Montreal. Subscribe over at Apple Podcasts. Please visit and leave comments on the blog - Six Pixels of Separation. Feel free to connect to me directly on Facebook here: Mitch Joel on Facebook. or you can connect on LinkedIn. ...or on Twitter. Here is my conversation with Judy Samuelson. The Six New Rules of Business - Creating Real Value in a Changing World. Aspen Institute Business and Society Program. Follow Judy on LinkedIn. Follow Judy on Twitter. This week's music: David Usher 'St. Lawrence River'.

The rules of business are changing dramatically, says the Aspen Institute’s Judy Samuelson, and that means profound shifts in attitudes and mindsets that are redefining our notions of what constitutes business success. In this week’s episode with Senior Correspondent Steve Scher, she shares takeaways contained in her book The Six New Rules of Business: Creating Real Value in a Changing World. Based on her unique knowledge and insight, Samuelson lays out how hard-to-measure intangibles like reputation, trust, and loyalty are imposing new ways to assess risk and opportunity in investment and asset management. In our globalized era, she demonstrates how expectations of corporations are set far beyond the company gates–and why employees are both the best allies of the business and the new accountability mechanism, more so than consumers or investors. Don’t miss this powerful guide on how businesses are changing and what is needed to succeed in tomorrow’s economy—and stay in the know about what’s happening in this moment at Town Hall Seattle. Judy Samuelson is founder and executive director of the Aspen Institute Business and Society Program and a vice president at the Aspen Institute. She previously worked in legislative affairs in California and banking in New York’s garment center and ran the Ford Foundation’s office of Program-Related Investments. Samuelson writes regularly for Quartz@Work, is a Bellagio Fellow, and a director of Financial Health Network. Steve Scher is a podcaster, interviewer, and teacher. He worked in Seattle public radio fro almost 30 years. He has taught at the University of Washington since 2009. He is Senior Correspondent for Town Hall Seattle’s In The Moment podcast. Buy the Book: The Six New Rules of Business: Creating Real Value in a Changing World  Presented by Town Hall Seattle. To make a donation or become a member click here. 

The rules of business are changing dramatically, says the Aspen Institute’s Judy Samuelson, and that means profound shifts in attitudes and mindsets that are redefining our notions of what constitutes business success. In this week’s episode with Senior Correspondent Steve Scher, she shares takeaways contained in her book The Six New Rules of Business: Creating Real Value in a Changing World. Based on her unique knowledge and insight, Samuelson lays out how hard-to-measure intangibles like reputation, trust, and loyalty are imposing new ways to assess risk and opportunity in investment and asset management. In our globalized era, she demonstrates how expectations of corporations are set far beyond the company gates–and why employees are both the best allies of the business and the new accountability mechanism, more so than consumers or investors. Don’t miss this powerful guide on how businesses are changing and what is needed to succeed in tomorrow’s economy—and stay in the know about what’s happening in this moment at Town Hall Seattle. Judy Samuelson is founder and executive director of the Aspen Institute Business and Society Program and a vice president at the Aspen Institute. She previously worked in legislative affairs in California and banking in New York’s garment center and ran the Ford Foundation’s office of Program-Related Investments. Samuelson writes regularly for Quartz@Work, is a Bellagio Fellow, and a director of Financial Health Network. Steve Scher is a podcaster, interviewer, and teacher. He worked in Seattle public radio fro almost 30 years. He has taught at the University of Washington since 2009. He is Senior Correspondent for Town Hall Seattle’s In The Moment podcast. Buy the Book: The Six New Rules of Business: Creating Real Value in a Changing World  Presented by Town Hall Seattle. To make a donation or become a member click here. 

Mickey visits with Kathy Kreuchauf, Founder of OnPoint Philanthropic Consulting, to talk about Program Related Investments. We discuss: What are Program Related Investments? How long have PRIs been permitted? How can a foundation get started investigating PRIs? Why foundations should take a closer look at PRIs now. Resources for investigating the feasibility of PRIs. Size doesn’t matter. We welcome support of the Nonprofit SnapCast via Patreon. We welcome your questions and feedback via The Nonprofit Snapshot website.

About Victoria FramIn 2012, Victoria co-founded Village Capital and helped to build the organization into a global firm with four regional offices, from humble beginnings as a team of two people (and a few interns) hiking in Virginia and playing Settlers of Catan. In 2014, she spun out VilCap Investments as an affiliated investment fund, and as Managing Director she is responsible for all investment and fund activity. She’s particularly passionate about working with a portfolio of founders that are well on their way to building a better, more equitable, more sustainable world — and that reflect the diversity of talent that our future requires.Prior to co-founding Village Capital, Victoria was on the Program Related Investments team at the Bill & Melinda Gates Foundation while in business school; previously she was on the investment team at Metropolitan, a private equity fund-of-funds acquired by Carlyle. Before that, she worked in international development and conflict resolution as an Insight Fellow and at MatchMaker Associates, an agricultural financing fund. Outside of work, Victoria likes to make her two kids laugh, run marathons, travel, read, and maintain a beginner’s mindset while glassblowing. She’s a graduate of Stanford University & Stanford’s Graduate School of Business, a Kauffman Fellow, and sits on various corporate and nonprofit boards.Find her online athttps://www.linkedin.com/in/victoria-fram-5a23a02/https://www.facebook.com/victoria.fram.5About Village CapitalVilCap Investments is the affiliated venture capital fund of Village Capital, dedicated to investing in early-stage companies with social and environmental impact. We’re reinventing the system to back the entrepreneurs of the future…a future where business creates equity and long term prosperity.​https://www.linkedin.com/company/vilcap-investments/https://www.vilcapinvestments.com/

Jamila Abston ’17 is a partner at Ernst & Young in the wealth and asset management practice, focusing on compliance, regulatory and risk matters for wealth and asset management clients. Prior to this role, she worked at the U.S. Securities and Exchange Commission, where she served as the Assistant Regional Director for the Office of Compliance Inspections and Examinations. Jamila is interviewed by Laurie Cameron Craighead ’16. Laurie has worked in the financial markets since 1986, helping individuals, corporations and other institutions manage foreign exchange, interest rate and volatility risk. Laurie is passionately dedicated to helping foundations further their social impact by using Program Related Investments to help women and children gain access to education and employment.

The Venn Foundation uses Program-Related Investments in surprising new ways. This week, we’re kicking off a two-part mini-series how to fund a business that does social good. We did something like this in April 2016. Next week, Cathy Clark is going to be here to talk about CASE Smart Impact Capital, an online resource to help social entrepreneurs figure out how to find the right capital at the right time. This week, we’re talking to Jeff Ochs of the Venn Foundation. Jeff is an experienced entrepreneur and investor. He invented and commercialized an educational party game that was licensed by Hasbro. He started a successful nonprofit, Breakthrough Twin Cities. And he was the Executive Director of an angel investing network. In each of these instances, Jeff saw the difficulty of getting the right investments to the right startups at the right time. Jeff explains that today there are two types of capital: Charitable donations, which support causes we care about with no expectation whatsoever for financial return. For-profit investments, which are designed to make as much money as possible for investors on a risk-adjusted basis. “In this current capital system, it is obvious why there is no investment capital available that is willing to accept ‘below-market’ financial terms,” Jeff explains. To meet this challenge, Jeff partnered with Rob Scarlett and Jeanne Voight to launch the Venn Foundation. Jeff says, “At the highest level, Venn Foundation has a method for using charitable donations, which today we just give away, to make investments. This allows us to create the below-market investment capital that we badly need. Charitable investments have all the same tax advantages of donations, are anchored against -100% financial returns of donations, and allow the precious charitable donation to be recycled over and over again. Venn Foundation is where charity and investing meet.” Venn is creating a marketplace for charitable investing. They are removing the obstacles that donors face in making charitable investments directly. By opening a special donor-advised fund called a Venn Account, any individual or organization can recommend that their charitable dollars be used by Venn to make Program-Related Investments, or PRIs. Venn can syndicate any PRI among any number of Venn Accounts. Financial returns from these PRIs go back to participating funds for the donors to redeploy into new PRIs or to grant out as desired. Venn recently made a program-related investment to Binary Bridge. BinaryBridge creates software that helps humanitarians do their work effectively and efficiently. You may recall our conversation with BinaryBridge founder Lori Most. Who should seek program-related investing? Jeff suggests that business and nonprofit leaders ask themselves, “Is that I’m doing helping advance a charitable cause as defined by the IRS? And if the answer is yes, or maybe yes, the program-related investment tool is something that could apply to you and your goals.” Social Entrepreneurship Quotes from Jeff Ochs “If that kind of capital existed, what could we do?” Jeff Ochs, Venn Foundation “It’s where charity and investing meet.” Jeff Ochs, Venn Foundation “Today, there is not a market for charitable investing.” Jeff Ochs, Venn Foundation “If capital behaved differently, what would be possible?” Jeff Ochs, Venn Foundation “Capital is the lifeblood of our economy.” Jeff Ochs, Venn Foundation “If we can change the nature of capital, we can change the way our economy works.” Jeff Ochs, Venn Foundation Social Entrepreneurship Resources: Venn Foundation: https://www.vennfoundation.org BackpackEMR:https://www.backpackemr.com Book: Crazy Good Advice: 10 Lessons Learned from 150 Leading Social Entrepreneurs: https://tonyloyd.com/book  

The Rockefeller Foundation is a foundation with more than $4 billion in assets working towards improving the well being of humanity around the world. The Foundation’s Program Related Investments provide debt and equity financing to businesses that bolster the Foundation’s charitable activities. Yigal Kerszenbaum, Senior Program Associate for PRI, joins the podcast to discuss the nature of … Continue reading Rockefeller Foundation PRI