Social finance

Financitive Organization Releases New Textbook on Social Finance

Retrieved on: 
Thursday, August 3, 2023
Future, Poverty, Knowledge, Textbook, Social, Climate change, Research, Social media, Social finance, Marketing, Amazon

Alexandria, Virginia--(Newsfile Corp. - August 3, 2023) - Financitive , a dynamic, fiscally-sponsored organization founded by high school students to empower the next generation with insights into the world of social finance, proudly announces the release of its new textbook Social Finance: An Introduction to the Future of Finance.

Key Points: 
  • Alexandria, Virginia--(Newsfile Corp. - August 3, 2023) - Financitive , a dynamic, fiscally-sponsored organization founded by high school students to empower the next generation with insights into the world of social finance, proudly announces the release of its new textbook Social Finance: An Introduction to the Future of Finance.
  • Offering a comprehensive exploration, the book delves into impact investing, social impact bonds, blended finance, green bonds, microfinance, and other pivotal topics.
  • Financitive offers content, social media, events, and a community of like-minded finance enthusiasts who want to get involved in social finance projects and research.
  • The organization's mission is to promote social finance education and inspire the next generation of social finance leaders.

SoFi Weekly Income ETF (NYSE Arca: TGIF) Increases Weekly Distribution

Retrieved on: 
Tuesday, July 18, 2023
Crypto, Loss, ETF, Registered representative (securities), Investment, Manager, Lovell Minnick Partners, Falmouth Foreside, Maine, NAV, Financial Crimes Enforcement Network, Social finance, Sale, Prospectus, Digital asset, Risk, Financial adviser, Money services business, APEX, Fund, SoFi, Security (finance), Bank

The Fund seeks to provide weekly income by investing in investment grade and high-yield fixed income securities.

Key Points: 
  • The Fund seeks to provide weekly income by investing in investment grade and high-yield fixed income securities.
  • 1) Automated Investing and advisory services are provided by SoFi Wealth LLC, an SEC-registered investment adviser (“SoFi Wealth“).
  • 2) Active Investing and brokerage services are provided by SoFi Securities LLC, Member FINRA(www.finra.org)/SIPC(www.sipc.org), (“SoFi Securities").
  • For additional disclosures related to the SoFi Invest platforms described above, including state licensure of SoFi Digital Assets, LLC, please visit SoFi.com/legal.

EQS-News: HOWOGE Wohnungsbaugesellschaft mit beschränkter Haftung: HOWOGE publishes Social Finance Framework

Retrieved on: 
Monday, July 17, 2023
Trade association, MBH, Party, International Capital Market Association, Loan Market Association, AMERICA, Social finance, Paper, Loan Syndications and Trading Association, ISS, Bank

HOWOGE Wohnungsbaugesellschaft mit beschränkter Haftung: HOWOGE publishes Social Finance Framework

Key Points: 
  • HOWOGE Wohnungsbaugesellschaft mit beschränkter Haftung: HOWOGE publishes Social Finance Framework
    The issuer is solely responsible for the content of this announcement.
  • The municipal HOWOGE Wohnungsbaugesellschaft mbH has published a Social Finance Framework for the first time.
  • This framework for social financing instruments has been confirmed in a Second Party Opinion by ISS ESG.
  • As Katharina Greis, HOWOGE managing director, explains, “The Social Finance Framework is an important step towards ensuring a diversified and sustainable financing structure.

Hudson County Community College Students Are First to Complete Nursing Degrees in New Jersey's Pay It Forward Program

Retrieved on: 
Monday, July 10, 2023
NJ, Computer security, Employment, College, Education, Information technology, RWJBarnabas Health, New Jersey Economic Development Authority, Economy, Camden County College, Hudson County Community College, Social finance, New Jersey Institute of Technology, HVAC, Student, Secretary of State of New Jersey, Patient, Forward, Outline of health sciences, Workforce development, Assessment, HCCC, Manager, Economic security, Family, Conference, Nursing

The Pay It Forward Program provides zero-interest, no-fee loans, non-repayable living stipends, access to emergency aid funds, and supportive services like mental health counseling for students.

Key Points: 
  • The Pay It Forward Program provides zero-interest, no-fee loans, non-repayable living stipends, access to emergency aid funds, and supportive services like mental health counseling for students.
  • Hudson County Community College is the first institution of higher education in New Jersey selected to participate in the health care segment of the Pay It Forward Program.
  • The Pay It Forward Program closely aligns with HCCC's overarching principles of dedication to diversity, equity and inclusion, and student success
    Nineteen HCCC Nursing Program students were among 100-plus students in the state selected as initial program participants.
  • In addition to the Nursing Program at HCCC, New Jersey's Pay It Forward Program serves HVAC and Welding students at Camden County College and Cybersecurity students at New Jersey Institute of Technology.

Government of Canada celebrates the launch of the $755 million Social Finance Fund in Quebec with Fonds de finance sociale - CAP Finance

Retrieved on: 
Monday, June 12, 2023
Social finance, United Nations Sustainable Development Group, Heart, Organic, Poverty, Private equity, Housing, Education, Face, FTQ, Sustainable Development Goals, Fiducial marker, Woman, Social Development Canada, Forest, Fonds, Government, Social change, Employment, Organization, Social innovation, Parity, Climate change, Investment, Council, Local government in Canada, Challenge, Growth, Ecosystem, Health, Treasury Board of Canada Secretariat, Fund, Food, Sustainable development, News, Treasury Board of Canada, Renewable energy, Health care, Bank, Security (finance), Health insurance, Cryptocurrency, Caisse

The Social Finance Fund is a foundational element of the Social Innovation and Social Finance Strategy, along with the Investment Readiness Program and the Social Innovation Advisory Council.

Key Points: 
  • The Social Finance Fund is a foundational element of the Social Innovation and Social Finance Strategy, along with the Investment Readiness Program and the Social Innovation Advisory Council.
  • Fonds de finance sociale – CAP Finance was announced as one of three fund managers for the Social Finance Fund on May 29, 2023 and will invest specifically in Quebec's unique social finance ecosystem to expand the social finance market in the province, including by increasing access to social finance for equity-deserving groups and for non-profit social purpose organizations.
  • I look forward to seeing the positive impacts the Social Finance Fund will have for Quebec and its diverse social finance ecosystem."
  • The remaining $705 million of the Social Finance Fund will be deployed by the fund managers into the social finance ecosystem.

The Tel-Aviv Stock Exchange Reports the Results of the Financial Statements for the First Quarter Of 2023

Retrieved on: 
Tuesday, May 23, 2023
Uncertainty, Treasury, Blockchain, First Time, IPO, Employment, SFI, Tel Aviv Stock Exchange, Face, Marketing, Accountant, Social finance, Government, Ministry, TEL, EBITDA, Investment, TASE, OTC, NIS, ESG, Upward, Ministry of Finance (Chile), Pre-IPO, Stock, Video game, Renewable energy, Security (finance), Mobile phone, Cryptocurrency

The profit in the first quarter of 2023 totaled NIS 25.5 million, compared to NIS 14.7 million in the corresponding quarter last year, an increase of 73% between the quarters.

Key Points: 
  • The profit in the first quarter of 2023 totaled NIS 25.5 million, compared to NIS 14.7 million in the corresponding quarter last year, an increase of 73% between the quarters.
  • TEL AVIV, Israel, May 23, 2023 /PRNewswire/ -- The Tel-Aviv Stock Exchange Ltd. (TASE: TASE) today announced its financial results for the first quarter ended March 31, 2023.
  • This notification does not supersede the stated in the periodic financial statements of the Company, which contain the full and accurate information.
  • In th e first quarter of 2023, there were 64 trading days, similarly to the number of days in the corresponding quarter last year.

New Report Provides Insider Playbook to Unlocking Endowment Investments that Align with Mission and Generate Profits

Retrieved on: 
Wednesday, April 12, 2023
Learning, Ford, Foundation (nonprofit), Surdna Foundation, Mission, Omidyar Network, Ford Foundation, Social finance, MRI, McKnight Foundation, Magnetic resonance imaging, Climate change, Investment, A Practical Guide to Racism, Builder, Entrepreneurship, Management, Renewable energy

CHICAGO and BOSTON, April 12, 2023 /PRNewswire/ -- Builders Initiative and Social Finance today released a new report, "Breaking Barriers:A Practical Guide to Unlocking Foundation Endowments for Mission and Returns." Written for leaders of foundations, high-net-worth family offices, and their board members, the report identifies common barriers and opportunities associated with mission-related investments (MRIs). MRIs are impact oriented, often market-rate, investments made from a foundation's endowment to advance its mission.

Key Points: 
  • Written for leaders of foundations, high-net-worth family offices, and their board members, the report identifies common barriers and opportunities associated with mission-related investments (MRIs).
  • MRIs are impact oriented, often market-rate, investments made from a foundation's endowment to advance its mission.
  • This is one of several learning initiatives Builders Initiative is pursuing as part of its strategy to expand impact investing.
  • "This timely report helps foundations think beyond grants and carve-outs towards mission-related investments that yield financial, environmental, and social returns."

Stephen Vicinelli and Catherine Dun Rappaport Join Social Finance to Develop a One-Stop Solution for Impact-First Investing

Retrieved on: 
Wednesday, March 22, 2023
Morgan Stanley, Vicinelli, Small business, Rappaport family, Investment, Senior advisor, Social finance, Social impact bond, CDFI, Learning, DAF, Growth, Entrepreneurship, Climate, Health, Fund, Risk management, Renewable energy, Bank

BOSTON, March 22, 2023 /PRNewswire/ -- Today, Social Finance, the national impact finance and advisory nonprofit, announced that Stephen Vicinelli and Catherine Dun Rappaport have joined its leadership team. In response to the rapid growth of the impact investing market, Vicinelli and Dun Rappaport are developing a fund focused entirely on impact-first investments that aim to deliver measurable positive social and/or environmental outcomes. Launching later this year, Social Finance anticipates that this impact-first fund will be an open-ended fund of funds providing a one-stop solution for investors seeking access to a diversified portfolio of catalytic, impact-first investments in a variety of asset classes and across a range of impact themes, including climate, affordable housing, economic mobility, financial inclusion, health, and small business ownership. Vicinelli and Dun Rappaport have developed a detailed, repeatable investment process that includes both financial and impact due diligence, as well as a robust framework for impact measurement and management.

Key Points: 
  • Together, Vicinelli and Dun Rappaport bring nearly 60 years of experience in finance and impact assessment to Social Finance's impact investments team.
  • BOSTON, March 22, 2023 /PRNewswire/ -- Today, Social Finance, the national impact finance and advisory nonprofit, announced that Stephen Vicinelli and Catherine Dun Rappaport have joined its leadership team.
  • Before Social Finance, Vicinelli served as Deputy Chief Investment Officer for TIFF Investment Management, a provider of investment solutions to the nonprofit community.
  • We're fortunate to recruit Stephen and Catherine to drive these exciting efforts," Social Finance CEO and Co-Founder Tracy Palandjian said.

Ascent Launches New Social Impact Platform, Redefines Funding for Higher Education

Retrieved on: 
Tuesday, March 14, 2023
SAN, Student, Education, Deferred action, Deferred Action for Childhood Arrivals, Partnership, Student Success Act, DACA, Social finance, Ascent, Management

In partnership with impact investing nonprofit Social Finance and training provider Merit America, Ascent developed an Outcomes-Based Loan that carries a zero percent interest rate for students seeking career advancement through specific partner programs.

Key Points: 
  • In partnership with impact investing nonprofit Social Finance and training provider Merit America, Ascent developed an Outcomes-Based Loan that carries a zero percent interest rate for students seeking career advancement through specific partner programs.
  • "When we see an opportunity to change the way people invest in education, we go for it," said Ascent Chairman and Chief Executive Officer, Ken Ruggiero.
  • "Our new Social Impact Platform enables access to skills training education for more people and builds on our mission to deliver innovative products that create pathways for students and families."
  • Ascent's Social Impact Platform aims to meet the growing demand of students who are interested in continuing their education but may not have access to the financing needed for the investment.

KBRA Assigns a Preliminary Rating to SoFi Consumer Loan Program 2023-1S Trust

Retrieved on: 
Tuesday, February 14, 2023
Banking, Professional Services, Insurance, Finance, Credit, Business, Stanford Graduate School of Business, SoFi, Social finance, KBRA, Bank, Telescopic sight

KBRA assigns a preliminary rating to a single class of notes issued by SoFi Consumer Loan Program 2023-1S Trust (“SCLP 2023-1S”), a $340.0 million consumer loan asset-backed securities transaction.

Key Points: 
  • KBRA assigns a preliminary rating to a single class of notes issued by SoFi Consumer Loan Program 2023-1S Trust (“SCLP 2023-1S”), a $340.0 million consumer loan asset-backed securities transaction.
  • SCLP 2023-1S has an initial credit enhancement level of 23.10% for the Class A notes.
  • KBRA applied its Consumer Loan ABS Global Rating Methodology, as well as its Global Structured Finance Counterparty Methodology and ESG Global Rating Methodology as part of its analysis of the transaction’s underlying collateral pool, the proposed capital structure and SoFi’s historical static pool data.
  • KBRA considered its operational review of SoFi as well as periodic update calls with the Company.