Proceeding from UN strategy the next 10 years were declared as the period for small farmers development. Major goals are reducing poverty and improving global food security. Small family farming, besides of poverty and food control, can also be a key to reaching some global goals: gender equality, good health and well-being, sustainable community growth, […]
The last recession dealt a major blow to the promise of economic mobility for low wealth people, and particularly in communities of color. The economic crisis precipitated by the coronavirus pandemic has the potential to undermine the meager recovery and generationally harm the prospects for economic mobility for low wealth families.
A one size fits all approach cannot effectively respond to this challenge in diverse communities and the channels used for delivering capital and capacity building support to diverse communities have a major impact on the efficacy of the investment. Non-profit institutions that reflect the communities they serve and deliver culturally relevant services are disproportionately important for serving distinct ethnic/ racial communities and achieving equitable outcomes. Solutions must be culturally and linguistically relevant; rooted in the specific cultural and economic realities of the community to be served. This reality is often not well reflected in analyses of “capacity” and “track record,” which influence how capital flows.
This panel will explore how tax-exempt capital providers that deeply reflect the communities in which they intend to have impact operate differently from those that do not, with a particular focus on why such capital providers have been able to move quickly and effectively to address crises such as Covid-19. Panelists include leaders of organizations that are stewarding capital in the communities in which they live and work, as well as the investors who support them.
Moderator: Bruce Campbell – Chief Happiness Officer (and attorney) at Blue Dot Advocates, PBC.
Bruce wakes up every day motivated by the opportunity to leverage his profession in service of the global community. With more than 20 years of experience as a corporate attorney – including six years at the international law firm Hogan Lovells — Bruce brings a true depth of expertise to serve impact investors and entrepreneurs. He has advised clients on transactions worth billions of dollars in the aggregate, ranging from angel financings for start-ups to public offerings for multi-national companies. Bruce has completed corporate transactions on six continents, and he regularly visits with clients and collaborators and reviews projects in Europe, Asia, the UK, India and Sub-Saharan Africa. Bruce is himself an impact investor, and has committed to invest 100% of his assets in support of sustainable business practices. When he’s not “working,” Bruce helps facilitate mindfulness retreats and meditation groups, and enjoys all things outdoors, especially trail running, biking, snowboarding, and chasing his 5 year old son, Lane.
Noel Andrés Poyo – Executive Director and CEO of the National Association for Latino Community Asset Builders (“NALCAB”), and it’s subsidiary asset management company Escalera Community Investments.
Noel’s twenty-year professional career has focused on integrating low-income people and immigrants into mainstream financial services and real estate sectors of our economy as well as improving the livability and economic resilience of low-income neighborhoods and affordable housing communities. He has raised more than $300 million in private and federal investments for socially-motivated real estate and economic development projects, and played diverse roles in the implementation of real estate projects valued over $1 billion. Noel advises the executive leadership of JPMC Bank, BBVA Compass Bank and Capital One Bank as a member of their respective Advisory Councils, and serves on the Board of the Center for Responsible Lending, the nation’s leading research and advocacy organization focused on combating predatory lending. From 2015-2017, he was one of fifteen Federal Community Advisory Council members advising the Chair and the Board of Governors of the Federal Reserve. A graduate of Yale University, Noel is bicultural and bilingual, a proud husband, and father of three girls.
Morgan Simon – Author of Real Impact: The New Economics of Social Change
A regular SOCAP speaker and influencer, Morgan is a widely recognized leader in impact investment who builds bridges between finance and social justice. Over the past seventeen years, she has influenced over $150 billion from high-net-worth individuals, foundations, and endowments. She currently co-leads Candide Group, which supports clients in executing their 100% impact agendas. She is also co-founder and chair of the non-profit Transform Finance. Prior thereto, Morgan served as the founding CEO of Toniic, a global network of impact investors, and as the founding executive director of the Responsible Endowments Coalition. She has worked with the United Nations in Honduras, in corporate reform with ForestEthics, and in domestic microfinance with the Women’s Initiative for Self-Employment. She currently serves on the boards of the Restaurant Opportunity Center, The Working World, and CARE Enterprises, serves as an adjunct professor at Middlebury College’s graduate school program, writes regularly for Forbes and Salon.com, and has been interviewed on CSPAN, the Van Jones Show, and Cheddar. Speaking to a new generation, Morgan is just as comfortable salsa dancing up a storm, singing, and dance battling, as she is challenging the ethics of a Fortune 500 company or divesting money from private prisons, or investing in companies that are building a better future for people and the planet.
Panelists #3 & 4 are TBD, but are anticipated to include diverse cultural voices embedded in the communities and causes they aim to support.