Social finance is an approach to managing money that delivers a social dividend and an economic return. It may also refer to Social Finance UK, the organisation behind the first Social Impact Bond.
Social finance includes community investing, microlending, social impact bonds, and sustainable business and social enterprise lending. Outcome-based philanthropic grantmaking and program-related investments - sometimes referred to as venture philanthropy- also fall under the umbrella of social finance.
These approaches to investment and funding share the twin focus of stimulating positive social and environmental returns for investors and the larger world. Some social investors even try to affect an environmental return, which is referred to as a regard for a ‘triple bottom line’.
Read more about Social Finance: See Also
Famous quotes containing the words social and/or finance:
“The true use of Shakespeare or of Cervantes, of Homer or of Dante, of Chaucer or of Rabelais, is to augment one’s own growing inner self.... The mind’s dialogue with itself is not primarily a social reality. All that the Western Canon can bring one is the proper use of one’s own solitude, that solitude whose final form is one’s confrontation with one’s own mortality.”
—Harold Bloom (b. 1930)
“There is an enormous chasm between the relatively rich and powerful people who make decisions in government, business, and finance and our poorer neighbors who must depend on these decisions to alleviate the problems caused by their lack of power and influence.”
—Jimmy Carter (James Earl Carter, Jr.)