Webinar Recap: Catalytic Capital- Using Guarantees to Unlock Private Capital for Impact

Foundations are uniquely positioned to play a catalytic role in expanding access to finance for organizations that further their missions. They can do this by investing directly in projects and organizations, or by providing financial guarantees that help those organizations gain access to financial from other investors or lenders. If you are a foundation professional or want to become one, your expertise in the social sector offers greater insight into the business models of your grantees, and positions you to leverage this knowledge—alongside your foundation’s financial resources—to bring mainstream financiers into the space.

Guarantees have several attractive features for foundations. They:

  • may have greater impact than a direct one-time loan or investment, as they can open up new sources of financing and build the credit-worthiness of grantees.
  • may not necessarily require an upfront outlay of funds, meaning those resources can do “double duty” by also being invested elsewhere and earning a financial return. 

Learn more about what it takes to provide and structure guarantees. Join this webinar to hear the Global Impact Investing Network (GIIN) present findings and recommendations from recently published research on the use of guarantees in community investing in the U.S. The GIIN will be joined by Tracy Kartye of the Annie E. Casey Foundation, a foundation professional with experience using guarantees, who will shed light on the tool through a case example. The speakers will then field questions from the audience.
 
Participants who are unfamiliar with impact investing are encouraged to listen to our previous webinar on this topic, Investment 101 and Transformative Finance.


Slides:

 

 

Recording:

 


Speakers:

Hannah_10.jpgHannah Schiff - Research Manager, Global Impact Investing Network (GIIN)
Hannah plays a central role in shaping the GIIN's research agenda, manages study design and execution, and leads dissemination activities around the world. Recent publications Hannah has co-authored include Scaling the Use of Guarantees in U.S. Community Investing, The 2017 Annual Impact Investor Survey, and The Business Value of Impact Measurement. 

Before joining the GIIN, Hannah led research and strategy development for a social impact consulting firm and spent several years managing USAID-funded private-sector development projects in East Africa, South Asia, and Latin America. She holds a Master of Arts focused on international business and development economics from The Fletcher School at Tufts University and a Bachelor of Arts in International Relations from Brown University.
tkartye5x7.jpgTracy Kartye - Annie E. Casey Foundation, Director, Social Investments
As Director of Social Investments, Tracy Kartye leads the Annie E. Casey Foundation’s social investment portfolio. Casey has allocated 4% of its endowment to investments that achieve a financial return as well as a social returns that build brighter futures for children in the United States. In her tenure at Casey, Ms. Kartye has invested more than $150 million in projects and nonprofit organizations across the country. These investments have leveraged more than $1 billion for thousands of new jobs, affordable housing units and community facilities. Ms. Kartye sits on the boards of the Mission Investors Exchange and the Episcopal Housing Corporation in Baltimore. Ms. Kartye is a graduate of Hendrix College and the Robert F. Wagner Graduate School of Public Service at New York University.


 

 


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