Paul Ronalds is CEO of Save the Children Australia, and he knows well the challenge that charities have faced amidst the covid crisis. At the time they need it most, charities have seen donations dry-up.
He’s long been an advocate for charities to evolve, and adapt to a new funding environment. Which is a key reason his organisation has launched a pioneering Impact investment fund, which supports social enterprises all over the world, with equity and debt funding.
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On this episode…
Paul explained the intricacies of the Impact Fund they’ve launched. And as the finance sector discovers its power to make positive change, so too are charities recognising that financial stability requires a diversity of funding sources.
My key takeaway this week…
“The key differences with our fund, is prioritising the type of investment that the entrepreneurs need, not the type of investment that simply fits into investors pre-determined silos.”
Good Future’s Good Books
By David Epstein
“I think it’s one of the best books I’ve read In months. And I think it’s particularly relevant to the social impact space. Essentially, it’s about how increasing specialisation is actually undermining innovation and that the best innovations come when we bring people from diverse sectors together to help us solve diverse problems. And so it’s a book full of data and rigour, it’s easy to read, and I think it’s helping us re0think how we approach some of these really tricky problems. I can’t recommend that book enough.”
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