A new philanthropic impact investment model (the Philanthropic Impact Investment Tranching, or PhIIT) is an example of how the sector is continually trying new methods to make social impact investments easier and more effective.
In an Australian first, the recently launched Living Learning outcomes investment raised $4 million exclusively from philanthropic investors to support a three-year, tailored support program for young people with mental illness and who are disengaged from school. The PhIIT was developed by Sefa and Latitude Network with, and on behalf of, Melbourne City Mission.
In this webinar, you’ll hear from Latitude Network, Sefa and Gandel Philanthropy who will explain the new structure and the process undertaken to complete it. Importantly, they will share their views on how it might be applied to other social programs including steps you can take to identify similar investment opportunities.
Funded as an impact investment under the Victorian government’s $30 million Partnerships Addressing Disadvantage (or PAD) program (also known as social impact bonds, or SIBs) the Living Learning program is important not just because of its social impact on young people, but also because of the way the impact investment is structured.
Importantly, the PhIIT provides a new way to partner for the delivery of social outcomes:
- Traditionally, social impact investing puts the capital of an investor at risk. The Living Learning investment steps into new and exciting territory by allowing philanthropy to underwrite the investment from their corpus, to better mitigate the risk of capital loss; and
- The investment structure is simple, clear and likely accessible to most philanthropic trusts and foundations. This means it could be used to spur significant new program development between funders and their funded partners across many social and health service areas.
Who is this masterclass for?
This masterclass is for practitioners and executive decision-makers involved in allocating resources for social impact – both from a social/ health service provider but also a funder/ investor perspective. We hope that philanthropic investors and their funded partners, in particular, are able to attend. A basic understanding of outcome-contracting or outcomes-funding (for example, Social Impact Bonds) would be beneficial but not necessary.
Why should I attend this webinar?
This webinar will detail the new PhIIT outcomes-driven investment structure using the Living Learning program as an example. You will learn of the key reasons why such a mechanism is important to funding outcomes-focused innovation across our social sector as well as outline steps you can take to identify similar investment opportunities
Hanna Ebeling, CEO, Sefa (Social Enterprise Finance Australia)
Hanna Ebeling is CEO at Sefa where she works closely with purpose-driven organisations to develop capital solutions and capability support to suit their needs Sefa helps these organisations to create partnerships with and access resources from a range of impact investors. Hanna has formal qualifications in economics and is a Graduate of the Australian Institute of Company Directors
Russ Wood, Director, Latitude Network
Russ is a director and Co-Founder of Latitude Network, an organisation established to build the eco-system of innovation, financing and high-performance in the Australian social and health sectors. Russ has deep experience in outcomes-based program development, financing and contracting, extensive NFP board experience and a MBA from Melbourne Business School.
Vedran Drakulic OAM, CEO, Gandel Philanthropy
Vedran Drakulic OAM is the CEO of Gandel Philanthropy, one of the largest private family foundations in Australia. Established by John and Pauline Gandel more than 40 years ago, Gandel Philanthropy provides support in a broad range of areas in the Jewish and general community, from arts and culture to youth at risk and Indigenous programs. Since inception the Gandels have distributed more than $100 million in grants and donations in support of community initiatives.
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