Social Finance and Social Impact Bonds in the News

Business Makes Push for Charity Innovation

TARA PERKINS - FINANCIAL SERVICES REPORTER
From Wednesday's Globe and Mail
Published Tuesday, Jan. 18, 2011 7:11PM EST

"Most investors expect a financial return when they buy a bond. But what if they could also help young offenders get back on track, increase home care for the elderly, or reduce the incidence of lung disease?

Proponents of "social finance" contend it's possible to do both. It's an idea that's been gaining traction in the U.K. and North America, and now a group of influential Canadians is trying to give it a push here.

A task force that includes former prime minister Paul Martin and Stanley Hartt is lobbying the federal government for changes that would make it easier for charities and non-profits to issue bonds and start businesses. ..."

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