Heard on the Street – here’s what we were reading last week:
How to use Donor-Advised Funds to Make Impact Investments: Savvy philanthropists have begun using DAFs to make not only traditional grants with no expectation of financial return and traditional investments with no expectation of social impact, but also impact investments that hold dual promise of advancing the charitable mission and providing financial return.
Crowdfunding and Opportunity Zones Joining Forces in Philadelphia Project: There are major concerns that Opportunity Zones will result in projects that do not benefit the economically distressed communities that the incentive is meant to benefit. Golaski Labs, a new project in Philadelphia, is combatting that by accepting funding through a combination or Opportunity Zones investments and smaller dollar investments through a crowdfunding service called Small Change.
Why We Need to Nurture Entrepreneurship in Young Girls: Existing programs that promote and support women’s entrepreneurship help address the inequality that currently exists, but they don’t reach women early enough.
‘Next-gen leaders have arrived’ and four other insights into the future of community investing: Next Street’s Tim Ferguson reviews some of the themes from the Next Up: CDFI Leaders Thinking Ahead and Acting Now interview series, and weighs in on the future of community investing.