Report predicts £6 billion funding shift towards social investment

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first_img  294 total views,  2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis25 Report predicts £6 billion funding shift towards social investment AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis25 Melanie May | 30 May 2017 | News Tagged with: investment Research / statistics socialcenter_img  293 total views,  1 views today Charities are anticipating a major shift in funding models towards social investment as less income comes from grants and donations, a new report by Cass CCE has said.The research report, Social investment as a new charity finance tool: using both head and heart, by Cass CEE, involved face-to-face interviews with 120 charities, a social investment symposium and an online questionnaire. The results point to a shift away from grants and donations towards social investment and more borrowing in the next five years.The report found that 60% of the charities were positive about social investment, with 17% saying it could transform their business models. The research estimates that the shift towards social investment could account for approximately 11% of funding: equivalent to around £4bn–6bn capital for the sector.However, the report highlights a number of barriers to charities using social investment as a funding tool. These include a lack of understanding about it, with some charities feeling conflicted or uneasy about using borrowing or investment tools and others having ethical concerns. 7% were openly negative about social investment and the report found that many charities would not borrow for working capital, fundraising, or for property.Charities are also concerned about how they would create a revenue-generating model to pay back any such investment, and while trustees were positive on almost all aspects of charity finance strategy, the report found them 20% more negative about social investment compared with the CEO or finance director. The report states that addressing trustees’ risk aversion towards social investment will therefore be critical for social investment to be successful.Mark Salway, director of social finance and social investment at Cass CCE said:  “Social investment can often seem overly complicated; however, the reality is that small-value loans are one of the most powerful investment tools to help charities grow and leverage their funding. A mix of grants, donations and social investment funding is now seen as the future for many.“We believe that charities need to be able to use both ‘head’ and ‘heart’ to overcome traditional reservations about perceived commerciality, and to develop robust financial models that will support social impact and the creation of a sector fit for the challenges ahead.”Cass CCE has also published a free Social investment Tools for Success guide, downloadable from its site. Advertisement About Melanie May Melanie May is a journalist and copywriter specialising in writing both for and about the charity and marketing services sectors since 2001. She can be reached via www.thepurplepim.com.last_img read more


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first_img 8SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr With the upcoming holiday season, shopping will almost certainly become a daily event, and those credit and debit cards will surely be getting a workout. In an environment where card fraud and security risk is increasingly prevalent, is your card management product ready for all that action? More importantly, how are you marketing your card controls to your members? Recent card control developments have come about that can not only help your members get a grip on all that activity but also allow them to more closely monitor exactly what is happening with their accounts. However, if members are not aware that they exist, and are therefore not using them, what good do they do? Take a queue from a Utah credit union who infused humor into their social media feed to illustrate to members the capabilities of their mobile banking app to protect them: continue reading »last_img read more


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first_imgSecond-year guard D’Angelo Russell (sore left knee) and third-year guard Jordan Clarkson (left knee contusion) are listed as questionable for Friday’s game against Sacramento.While Russell participated in parts of Thursday’s practice, Clarkson sat out entirely. Rookie forward Brandon Ingram (tendinitis in right knee) is listed as probable but would be on a minutes restriction after having limited participation in Thursday’s practice.Staff shufflingAfter working in the front office for the past 16 years, Lakers assistant general manager Glenn Carraro resigned from his position on Thursday. Although the Lakers noted Carraro wants to “pursue other opportunities,” his resignation coincides with the organization making front office changes earlier this season.Carraro had worked as an assistant GM for the past five years under longtime Lakers GM Mitch Kupchak, who was fired on Feb. 21. The Lakers did not indicate who would replace Carraro. …Lakers player development coach Theo Robertson will become an assistant coach with the University of California men’s basketball team after the 2016-17 season ends next week. Robertson had also coached the last game of the Lakers’ 2016 summer league team in Las Vegas. Instead of unwinding on an overnight flight, Lakers guard David Nwaba spent his Wednesday night still on the clock.Following the Lakers’ victory in San Antonio on Wednesday, Nwaba and D-Fenders general manager Nick Mazzella made the 3½-hour drive to Hildalgo, Texas for Game 1 of the D-Fenders’ playoff series against Rio Grande Valley on Thursday.“I’m excited to get an opportunity to get a ring,” Nwaba said after playing for the Lakers’ Development League affiliate for most of the 2016-17 season. “I feel like they can use me during the playoffs and help them win a championship. It’s nice to hear that they miss me on the team.”It does not appear Nwaba will rest anytime soon. AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREUCLA alum Kenny Clark signs four-year contract extension with PackersHe will be in Los Angeles on Friday for the Lakers’ game against Sacramento and then he’ll play with the D-Fenders for Game 2 on Saturday. After playing with the Lakers against Minnesota on Sunday, Nwaba needs to be available to return to Hidalgo for a possible Game 3. If that scenario happens, Nwaba could play as many as eight games on consecutive days. That’s because the Lakers also play against New Orleans on Tuesday at Staples Center and then on Wednesday night at Golden State.“I’m a young guy,” the 24-year-old Nwaba said. “I don’t think it will faze me.”Nwaba, an undrafted guard who starred at University High of Los Angeles and Cal Poly (San Luis Obispo), has averaged 5.6 points on 56.5 percent shooting and 3.2 rebounds in 19.1 minutes through 18 appearances with the Lakers. He originally signed a pair of 10-day contracts with the team in February, before being picked up for the rest of the regular season. Lakers coach Luke Walton has often praised Nwaba’s defensive intensity, a staple he hopes eventually influences his teammates.“He’s blowing plays up on defense,” Walton said. “Guys on our team really start to enjoy watching him do it. They enjoy playing on his unit. I think he’s done a fine job since he’s been here.”Injury updatecenter_img Newsroom GuidelinesNews TipsContact UsReport an Errorlast_img read more


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first_imgChad Lindsay2852218%32%$94,865 Fernando Perez3744311%30%$175,805 SANTA ANITA STATISTICS Jerry Hollendorfer42831019%50%$560,560 (Current Through Monday, May 30) John Sadler3963615%38%$433,560 Philip D’Amato491411529%61%$845,520 Mark Glatt3255616%50%$187,811 Richard Baltas3256316%44%$217,118 Mike Puype3063320%40%$216,405 Martin Garcia4674615%37%$396,530 Edwin Maldonado8115131119%48%$592,394 Steven Miyadi1443029%50%$123,040 Peter Eurton1850228%39%$219,370 Rafael Bejarano8319131423%55%$970,715 Patrick Gallagher1440029%29%$112,465 Martin Pedroza4664813%39%$234,685 Flavien Prat60187730%53%$950,785 Santiago Gonzalez811116914%44%$588,204 Richard Mandella2044320%55%$249,015 Mike Smith1842022%33%$295,355 TrainerSts1st2nd3rdWin%ITM%Money Won Tyler Baze9217171718%55%$834,155 EXAGGERATOR TO WORK TUESDAY FOR BELMONT            John Keith Desormeaux, trainer and part owner of Santa Anita Derby and Preakness winner Exaggerator, leaves Sunday for New York to personally finalize 11th-hour arrangements for the final leg of the Triple Crown, the Belmont Stakes on June 11.“It’s all good,” Desormeaux said Friday morning at Santa Anita. “I leave Sunday to join (assistant and girlfriend) Julie (Clark). She’s doing all the work there. I just write the checks and keep my mouth shut (laughing).“I haven’t really looked at the race on paper, but it doesn’t matter if there’s pace or no pace. He can be close or 15 off. That’s Kent’s department, not mine. Exaggerator will work five furlongs Tuesday, and at this point, Kent’s supposed to be there (to work the colt).”Meanwhile, Kentucky Derby winner Nyquist, trained by Doug O’Neill for Reddam Racing, LLC, is doing well following a fever that caused him to miss the Belmont.“He jogged this morning (at Pimlico) and he’ll be here in two more days (Sunday),” said O’Neill assistant Leandro Mora at Santa Anita Friday morning. NO OBVIOUSLY, BUT D’AMATO HAS TWO IN SHOEMAKER MILE            Obviously, a two-time winner of Saturday’s Grade I Shoemaker Mile on turf, will stay in his stall this year, but leading trainer Phil D’Amato has entered two of his runners in the $400,000, “Win and You’re In” race that gives the winner a fees-paid berth in the Breeders’ Cup Mile to be run at Santa Anita on Nov. 5.D’Amato, leading runner-up Jerry Hollendorfer, 14-8, through 17 racing days, has entered Cape Wolfe and Midnight Storm in the Shoemaker.Cape Wolfe, a four-year-old English-bred gelding, is coming off a fourth-place finish in an overnight race at about 6 ½ furlongs on the hillside turf course May 12, but was fourth in the Grade II Arcadia Stakes at a mile on grass Feb. 13.“I think he’s ready for a mile this time around, so we’ll see,” D’Amato said of Cape Wolfe, winless but never worse than fourth in his four U.S. starts.As for Obviously, an eight-year-old Irish-bred gelding that won the Shoemaker in 2013 and 2014, D’Amato opted not to thrust the old war horse into a potential pace battle with East Coast invader and 9-5 morning line favorite Heart to Heart, a committed front runner trained by Brian Lynch.            “Obviously is doing well,” D’Amato said. “We’re just looking for a softer spot where it looks like he won’t get in a speed duel. We want a race where he can control the pace and do his thing.“I might run him at Belmont (Jaipur Invitational June 11 or the Poker Stakes on June 18) or Churchill (Wise Dan on June 18).”The Shoemaker, which goes as race six: Heart to Heart, Julien Leparoux, 9-5; Twentytwentyvision, Flavien Prat, 7-2; Tourist, Jose Lezcano, 5-2; Home Run Kitten, Joe Talamo, 5-1; Cape Wolfe, Mike Smith, 12-1; and Midnight Storm, Rafael Bejarano, 4-1. JockeyMts1st2nd3rdWin%ITM%Money Won Tiago Pereira5759129%46%$221,858 Ignacio Puglisi1541227%47%$113,898 FINISH LINES: Santa Anita’s first post time will change to 1:30 p.m. starting Thursday, June 9 and continue through the conclusion of the Spring Meet, Sunday, July 10, with the exception of Belmont Stakes Day, June 11, when it will be 12 noon . . . Agent Craig Stephen, dismissed by Santiago Gonzalez May 21, is back in action, representing Fernando Perez effective today. Tommy Ball had been Perez’s agent . . . Donworth, third behind Hoppertunity and Imperative in the Grade II San Antonio Stakes last February, worked six furlongs from the gate Friday in a bullet 1:11.40 for Doug O’Neill . . . Four wins separate leader Rafael Bejarano (19) from Edwin Maldonado (15), with Flavien Prat (18) second and Tyler Baze (17) third . . . Cyrus Alexander, winner of Monday’s Lone Star Park Handicap under Martin Garcia, is a candidate for the Grade I Gold Cup at Santa Anita on June 25 for Jerry Hollendorfer, as is stablemate Lieutenant Colonel . . . Trainer Bill Morey  and Xpressbet TV’s Jeff Siegel will be Tom Quigley‘s guests, Saturday and Sunday, respectively, 12:50 p.m. in the East Paddock Gardens . . . Crack handicapper Bob Ike points out that both Secretariat and Beholder won 16 of 21 starts (each with three seconds), Big Red doing it over 16 months, while Beholder is now in her fifth season of racing. Joseph Talamo6411131217%56%$666,573 STEVENS REUNITES WITH CHAMP BEHOLDER IN VANITYGary Stevens has ridden Beholder 11 times, winning 10, the last six in a row, all 10 ofthe victories coming in graded stakes, six of them Grade I’s.Next up: Saturday’s Grade I Vanity Stakes at Santa Anita, where Beholder has won 12 of 13 races including the Grade I Zenyatta three times, the Grade I Breeders’ Cup Distaff in 2013 and the Grade I Breeders’ Cup Juvenile Fillies in 2012. The bay daughter of Henny Hughes earned Eclipse Awards at two, three and five.Now six years old and likely to race next year if all is well according to owner B. Wayne Hughes, who campaigns as Spendthrift Farm, LLC, Beholder has won 16 of 21 career starts and earned $4,496,600 under the patient and sagacious guidance of trainer Richard Mandella.“She’s matured and she is bigger and stronger,” said Stevens, who has been riding regularly in Kentucky the past month. “I don’t know if she’s any faster, but I think she is. I’ve been in Kentucky and I haven’t worked her since before her last race (the Adoration Stakes run on May 8), and that’s kind of been by Richard’s design.“She started realizing that when I got on her, she’d be getting close to a race, but I’ve been keeping track of her and it looks like Richard’s been filling my rocket booster pretty good.”Beholder has won her last six races by an average margin of nearly four lengths, but Stevens notes that “appearance and performance are two different things. The Pacific Classic (an 8 ¼-length romp against males last Aug. 22) looked easy, and it was easy, but Beholder puts a lot into her races.“Even after the Adoration (a handy two-and-a-half length score against five rivals), she lied down and slept. The races are easy, but that’s one of Richard’s great attributes: he knows what a race takes out of her, and he knows her so well he prepares her properly for each race.“From what I’ve observed and from what I’ve heard from my friends here whose opinions I respect, I’m really excited about tomorrow. People are already talking about (Beholder running in) the Pacific Classic, but it’s one race at a time. That’s horse racing and I don’t take any of them lightly.”Beholder worked four furlongs Tuesday in 48.60, breezing, with fractional times of 24.20 and 35.80.As for Gary’s personal agenda, the 53-year-old Hall of Fame rider has the immediate future mapped out.“I’ll go back to Kentucky probably Tuesday or Wednesday,” he said. “I’ll ride there and come back sometime before the Triple Bend (June 25) to ride Kobe’s Back. I’ll breeze him here Sunday morning (five furlongs for Peter Eurton).“I’m enjoying myself in Kentucky, I’m riding races, winning some, and it’s been a good Spring. It’s freshened me up and I’ll be ready for Del Mar.”Trainer John Sadler, meanwhile, is resigned to the fact that come-backing three-year-old filly champion of 2015 Stellar Wind drew the rail for the Vanity.“She’s doing well,” Sadler said of Stellar Wind, who has not raced since her second by a neck in the Breeders’ Cup Distaff last Oct. 30. “The post is what it is. It’s not the best post, that’s for sure, but she looks good.“We’ll take her over there and see how it goes tomorrow. It’s a starting off point.”The Vanity: Stellar Wind, Victor Espinoza, 3-1; Beholder, Gary Stevens, 1-5; Divina Comedia, Joe Talamo, 30-1; Taris, Flavien Prat, 5-1; Lost Bus, Fernando Perez, 20-1; All Star Bub, Rafael Bejarano, 30-1; and Finest City, Tyler Baze, 15-1. CHAMPION BEHOLDER IS BIGGER, BOLDER, BETTERD’AMATO HAS TWO FOR THE MONEY IN SHOEMAKERIT’S ‘ALL GOOD’ WITH EXAGGERATOR FOR BELMONTSANTA ANITA FIRST POST TIME 1:30 STARTING JUNE 9 James Cassidy2242218%36%$282,055last_img read more


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first_img22 April 2016Destroyed in a fire in November 2009, Joburg’s historic Rissik Street Post Office is being restored to its previous glory. The iconic building is one of the city’s heritage sites.“The Rissik Street Post Office building was severely vandalised and damaged by fire, therefore a significant danger exists of further deterioration of this heritage structure,” Helen Botes, the chief executive of Joburg Property Company (JPC), told The Star newspaper.“The frontage has always been Rissik Street but we want to have a more exciting and contemporary-style entrance,” Botes added.It was currently being partially renovated to ensure the structural integrity of the building and to enable interim use while funding was being sought for comprehensive restoration. “Long-term plans include the full restoration of the building and the securing of a long-term public use agreement.” Helen Botes, chief executive of JPC says they want a more contemporary entrance for the Rissik Street post office, currently being refurbished. (Image: Gauteng Film Commission, Brand South Africa)The renovation is estimated to cost R147-million and begins with the excavations for the columns. There’ll also be a structural active scan which includes radar scanning, exposures for the bases and repairs to the core extraction, and the procurement of the required steel, which has been fabricated in line with the designs.The post office’s main hall and north wing will be refurbished for flexible use, while the rest is being finalised. The area will also be made safe and cordoned off to ensure the public cannot enter the building.Long-term, the plan includes a complete heritage restoration, completed in line with heritage guidelines, regulations and public meetings provided by the Gauteng Provincial Heritage Resources Authority.Built in 1897, at one stage the Rissik Street Post Office was Joburg’s tallest building at 102 metres. “It operated until it was vacated by the South African Post Office in 1996. Characterised by its bold mix of architectural styles, the building was proclaimed a national monument in 1978.”Joburgers tweeted their delight at seeing signs of refurbishment:The Rissik Street Post Office Revamp announced! Finally some action!— JHF (@JoburgHeritage) March 3, 2016Great to see a start has been made. Rissik Street Post Office. pic.twitter.com/KoNJeYXy5a— wilsongail (@wilsongail60) February 20, 2016Source: City of Joburglast_img read more


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first_img Mr. Seaga was one of the founding fathers who framed the Jamaican Constitution in 1961. Members of the Senate, today (May 31), observed a minute of silence for the former Prime Minister, the Most Hon. Edward Seaga. Members of the Senate, today (May 31), observed a minute of silence for the former Prime Minister, the Most Hon. Edward Seaga.Mr. Seaga, who was Jamaica’s fifth Prime Minister, died in a hospital in the United States on May 28, where he had been receiving treatment.  He was 89 years old.Senate President, Thomas Tavares-Finson, informed that a joint meeting of the Houses of Parliament will be held in tribute to Mr. Seaga.“In due course, we will be notified of those arrangements,” he said, noting that at that time, members will be able to place on record their substantive tributes.Acting Leader of Government Business, Senator Kavan Gayle, hailed Mr. Seaga as one of the builders of modern-day Jamaica.“We are deeply saddened by his passing. We must commend him for the tremendous work that he has done for this nation,” he said, noting that Mr. Seaga devoted his life to serving his country.“There are communities that would be in mourning now. His own West Kingston constituency that he developed, the musical fraternity to which he played a tremendous role, the Parliament, and in the latter part of his life, the tremendous contribution he made to the football federation,” he said.He extended deepest sympathies to Mr. Seaga’s family in their moment of bereavement.For her part, Leader of Opposition Business, Donna Scott-Mottley said Mr. Seaga is part of the political, social and economic fabric of the country.“He is woven into the history.  He is the last serving member of the committee that charted the course of Jamaica’s Independence. Although he was not born here in Jamaica, there is no one that can challenge the fact that you could not have found somebody more Jamaican. He impacted our music and impacted our culture, and history will show that he was into institutional building,” she said.She said the relationship between Mr. Seaga and the people of Tivoli “was truly a paternalistic one, and I know that they are mourning, intensely, the loss of their father”.Mr. Seaga was one of the founding fathers who framed the Jamaican Constitution in 1961.He initiated a rewrite of the Human Rights section of the Constitution to provide for a Charter of Fundamental Rights and Freedoms, and created the office of public defender.The former Prime Minister was also a member of the first Parliament of independent Jamaica.When Mr. Seaga retired from representational politics, he accepted a post as Senior Research Fellow at the University of the West Indies (UWI) Mona campus, and was later named Chancellor at the University of Technology (UTech) in 2010.He served as President of the Tivoli Gardens Football Club, and chaired the Premier League Clubs Association.During the sitting, the Senate also recognised other outstanding Jamaicans who passed during the week.They include former Chief Photographer at the Jamaica Information Service (JIS), Errol Harvey; political commentator and academic administrator,  Martin Henry; Roman Catholic priest, Monsignor Stanley Shearer who is the brother of former Prime Minister Hugh Shearer; and former President of the Methodist Church in Jamaica, Reverend C. Evans Bailey. He served as President of the Tivoli Gardens Football Club, and chaired the Premier League Clubs Association. Story Highlightslast_img read more


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first_imgFor two years, PETA Germany, with journalist Manfred Karremann, investigated the billion-dollar leather industry in Bangladesh.Now, a new PETA video video narrated by singer Leona Lewis exposes, as she says, “who is paying the highest price for leather”: child labourers and the animals who are skinned alive for shoes, belts, jackets, handbags and other products that are exported around the world.As Lewis reveals, an estimated 2 million cows are transported on severely crowded trucks thousands of miles from India – where it’s illegal in most states to slaughter them – to Bangladesh every year. Many arrive with broken tails and open wounds and are so weak and malnourished that they cannot even stand. In abattoirs, or illegally on the streets, their throats are cut with a knife, and some still struggle to escape as their skin is peeled off.Tanneries use toxic chemicals to prevent animals’ skin from decaying. Unprotected workers, including children, stand barefoot as they soak hides in carcinogenic chemicals, cut the skins with knives, and operate dangerous machinery – some losing fingers in the process. The toxic waste is then dumped into the river, which has become a bubbling swamp. Most workers have chronic respiratory problems because of the chemical vapours and lack of ventilation. An estimated 90 per cent of tannery workers die before reaching the age of 50.“The production of leather hurts animals, workers and the environment”, Lewis says in the video. “Please consider the impact that your purchases have, and buy only cruelty-free synthetic, natural fibre and other vegan clothing and accessories.”Lewis is part of a long list of celebrities – including Joaquin Phoenix, P!nk, Natalie Imbruglia, Joss Stone and Charlize Theron – who have teamed up with PETA, whose motto reads, in part, that “animals are not ours to wear”.last_img read more


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first_imgPearl Jam and a close group of friends and partners have pledged $300,000 and counting to support relief efforts for the water crisis in Flint, Michigan.They encourage all fans and supporters to join in their efforts. They have set up a Crowdrise page to encourage donations, which can be accessed here.Donations will be made to The United Way of Genesee County’s Flint Water Fund which serves both the immediate and longterm needs of the community.Monetary donations will first be used for the purchase of water filters, bottled water, emergency support services and prevention efforts in Flint, Michigan. After the short-term need of Flint residents has been met, any remaining funds will be directed to the Flint Child Health and Development Fund. This fund will provide aid to children and families with interventions that support positive health outcomes.100% of donated funds are used for Flint community projects and no administrative fee is assessed.last_img read more


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first_imgTORONTO – Telus Corp. raised its dividend amid a 10 per cent increase in its third quarter profit and a surge in wireless subscribers.The Vancouver-based telecommunications brand said after making $447 million or 74 cents a share — up from $406 million or 68 cents a share a year ago — for the period ended Sept. 30, it will now make a quarterly payment to shareholders of 54.5 cents per share, an increase from 52.5 cents.Chief financial officer Doug French told The Canadian Press on Thursday that he considered the quarter “strong” because of the company’s wireless and wireline growth, which has come as Telus has been expanding its fibre network to western Canada.Telus saw its total customer growth rise to 187,000 and sales from its wireless unit increase by 2.2 per cent, reaching $1.5 billion.The quarter also brought a 31 per cent spike in new wireless, internet and television customers, which totalled 199,000 — 145,000 net new wireless customers, 36,000 high-speed internet subscribers and 18,000 television customers.“We have continued to see momentum in both wireline and wireless,” French said. “We have had a very, very consistent strategy…We continue to see good churn and good customer service, which helps on the front of net loading.”On top of wireless and wireline offerings, the company has been pouring resources into creating its 5G network and building small cell technology, which is needed to sustain the network.French said 5G likely won’t be a fully-fledged service offering until closer to 2020, but investing early will mean Telus will be able to transition more quickly to the 5G spectrum, when it is available.Telus is anticipating 5G will be a hit with consumers because the company is seeing demand for speed and capacity.“We are seeing data continue to grow and the demand for data continue to grow…We expect that to continue,” he said. “What 5G brings to the table is definitely more speed and less latency, so things will happen significantly faster.”French and other executives on the Telus earnings call noted that the company’s quarter also brought a spike in operating revenue, which totalled $3.77 billion and was up from $3.40 billion in the third quarter of 2017.Thomson Reuters Eikon showed that the company’s increase in profit beat analysts’ expectations, which predicted the company would report earning 70 cents per share instead of the 74 cents per share it revealed.The company also announced Thursday that Denise Pickett, American Express’s chief risk officer and president of global risk, banking and compliance, had joined Telus’s board.Companies in this story: (TSX:T)last_img read more


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