Abstract
This chapter examines hybrid For-Profit and For-Purpose models, the convergence of business and philanthropic approaches to tackle social problems, and the opportunities and challenges for funding social impact. The chapter also includes valuable insights on the topics from interviewees: Christopher Thorn AM, Partner of Impact Investment, Social Finance and Philanthropy at Ernst & Young Australia (E&Y); Nigel Harris, CEO, Mater Foundation; Alex Oppes, Director of Social Ventures Australia; and Dr. Krzysztof Dembek, Lecturer, Centre for Social Impact, Swinburne University. The chapter’s Endnotes include links to tools that help organisations measure their impact and links to additional resources on impact investing.
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Notes
- 1.
Bailey, M., 2015, Keeping half the profits beats non-profits for social impact: Who Gives A Crap founder Simon Griffiths, Australian Financial Review, 2015, <http://www.afr.com/leadership/entrepreneur/keeping-half-the-profits-beats-nonprofits-for-social-impact-who-gives-a-crap-founder-simon-griffiths-20150924-k9z1t>, accessed 19 November 2017; Who Gives A Crap, Case Study, Impact Investing Australia, 2017, <https://impactinvestingaustralia.com/wp-content/uploads/Case-Study-Who-Gives-A-Crap-.pdf>, accessed 20 November 2017.
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Roe, R., Dalton, P. (2019). Profit with Purpose. In: Giving Hope: The Journey of the For-Purpose Organisation and Its Quest for Success. Palgrave Macmillan, Singapore. https://doi.org/10.1007/978-981-13-6145-6_9
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