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.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
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.
References
About Impact Investing, Global Impact Investing Network. 2018. <https://thegiin.org/impact-investing/>. Accessed 16 January 2018.
About Social Impact Bonds, Victorian Department of Treasury and Finance. 2018. <https://www.dtf.vic.gov.au/social-impact-bonds/about-social-impact-bonds>. Accessed 20 January 2018.
About STREAT. 2017. <https://www.streat.com.au/about>; <https://socialventures.com.au/assets/STREAT-Profile.pdf>, Social Ventures Australia. Accessed 12 December 2017.
Battilana, J., Lee, M., Walker, J., & Dorsey, C. 2012. In Search of the Hybrid Ideal, Stanford Social Innovation Review, <https://ssir.org/articles/entry/in_search_of_the_hybrid_ideal>. Accessed 10 December 2017.
Becoming Investment Ready. 2018. Impact Investing Australia, <https://impactinvestingaustralia.com/becoming-investment-ready/>. Accessed 1 December 2017.
Benefit Corporations. 2018. B Lab, <http://bcorporation.com.au/blog/benefit-corporations>. Accessed 2 February 2018.
Bramwell, N., & Harris, G. 2018. Dollars and Sense: Australian Social Enterprises With Business Smarts and Community Heart, Smudge Publishing; <https://dollarsandsense.website/>. Accessed 10 September 2018.
Evaluation Toolbox, Community Sustainability Engagement. 2018. <Evaluationtoolbox.net.au>. Accessed 1 March 2018; Better Evaluation, 2018, <betterevaluation.org>. Accessed 20 February 2018; Resources, Australasian Evaluation Society, <aes.asn.au/resources/>. Accessed 2 March 2018.
Graham, B. & Anderson, E. 2015. Impact Measurement: Exploring its role in Impact Investing, National Australia Bank, The Difference Incubator and Benefit Capital, <https://www.communitycentressa.asn.au/documents/item/332>. Accessed 4 March 2018.
Impact Investing Reporting System (IRIS), Global Impact Investing Network. 2018. <https://iris.thegiin.org/>. Accessed 20 November 2017.
Kleiman, N., & Rosenbaum, N. 2007. The Limits of Social Enterprise: A Field Case Study and Case Analysis, Seedco Policy Center, Social Traders, <http://cdn.socialtraders.com.au/app/uploads/2016/05/The-Limits-of-Social-Enterprise-A-Field-Study-Case-Analysis-.pdf>. Accessed 17 January 2018.
Kramer, M. 2009. Catalytic Philanthropy, Stanford Social Innovation Review, Fall. 2009.
Muir, K., & Bennett, S. 2014. The Compass: Your Guide to Social Impact Measurement. Sydney, Australia: Centre for Social Impact, <http://www.csi.edu.au/media/uploads/CSI_The_Compass.pdf>. Accessed 10 February, 2018; <https://www.communitycentressa.asn.au/documents/item/332> 2014, p. 34, viewed 8 March 2018.
Porter, M., & Kramer, M. 2011. Creating Shared Value, Harvard Business Review, <https://hbr.org/2011/01/the-big-idea-creating-shared-value>, viewed 2 February 2018.
Social Impact Bonds, Social Ventures Australia. 2018. <http://www.socialventures.com.au/investment/social-impact-bonds/>, viewed 20 January 2018.
Social Return On Investment (SROI). 2017. The Social Return On Investment Network, <thesroinetwork.org/>. Accessed 2 December 2017.
STREAT: SVA Venture Partner, Social Ventures Australia. 2010. <https://socialventures.com.au/assets/STREAT-Profile.pdf>. Accessed 12 December 2017.
SVA Fundamentals for Impact, Social Ventures Australia, <https://www.socialventures.com.au/sva-fundamentals-impact/>. Accessed 2 February 2018.
Yuthas, K. 2014. Measuring and Improving Social Impacts: A Guide for Nonprofits, Companies, and Impact Investors, Berrett-Koehler Publishers 2014.
Author information
Authors and Affiliations
Corresponding author
Rights and permissions
Copyright information
© 2019 The Author(s)
About this chapter
Cite this chapter
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
Download citation
DOI: https://doi.org/10.1007/978-981-13-6145-6_9
Published:
Publisher Name: Palgrave Macmillan, Singapore
Print ISBN: 978-981-13-6144-9
Online ISBN: 978-981-13-6145-6
eBook Packages: Business and ManagementBusiness and Management (R0)