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How to Bring 'New Money' into the Social Sector

new money

From left to right: Yoram Gabay, Chanoch Barkat, Jackie Goren, Dr. Nissan Limor

 

On July 5th, The Israeli Civic Leadership Association (ICLA) held its annual conference. Sponsored by TheMarker, the conference was themed: How to bring 'new money' into the social sector.

On the prestigious panel, led by Guy Rolnik, TheMarker's Founder and Editor-in-Chief, were IVN's Director of Development & Marketing, Jackie Goren, Senior Research Fellow and Chairman of the Third Sector Forum at the Van Leer Institute - Dr. Nissan Limor, CEO of Meitav Investment House - Avner Stepak, former Partner and Managing Director of Apax Partners in Israel and Founder of the Dualis Social Investment Fund -  Allan (Chanoch) Barkat, Chairman of the Board at Peilim Investment Portfolio Management - Yoram Gabay and Executive Director of the Tirat Carmel Community Fund - Inbar Horowitz.

 

Jackie Goren: "At IVN we help organizations develop independent income, whereby reducing their dependence on philanthropy and the government. We continue to be overwhelmed by the great ideas and talented entrepreneurs interested in establishing income generating social businesses that fuel social causes. The government policies and regulations must acknowledge and enable the existence of such social businesses. "

 

Attended by over 200 people, timely topics and expert panel and plenty networking opportunities gave all participants a chance to share thoughts and experience other perspectives firsthand in the area of "How to bring 'new money' into the social sector".

IVN and the Rashi Foundation - New Partnership

 

logo rashiWe are thrilled to announce a new partnership agreement with the Rashi Foundation

Within the framework  IVN's Social Venture Program, IVN and Rashi shall be collaborating to support a number of social ventures. In addition, IVN  shall provide training for a number of Executive Directors of the NGO's under Rashi's wing, as well as mentorship where needed.

 

Both IVN and Rashi are committed to improving education and social welfare in Israel's underserved periphery.

Israeli Social Enterprise Taskforce 

 

As a result of today's economic realities, the gap between traditional nonprofit organizations and traditional for-profit businesses has been slowly filled by a range of hybrid ventures, including social enterprises - social mission driven businesses whose revenues are channeled back into the business to achieve their social purpose. The social enterprise concept is finally gaining acceptance in Israel, although we are still significantly lagging behind the United States and England. As of yet there are insufficient frameworks and policies in Israel to support and encourage such ventures. 

Against this changing world and new economic backdrop and understanding the importance of social enterprises in Israel as a way to achieve sustained impact and ensure the longevity of third sector organizations, IVN, together with Bogot & Keidar Advocates initiated a Social Enterprise Taskforce. The taskforce, which met for the first time in June, is a tri-sectorial forum comprised of social investors, social enterprise entrepreneurs, experts in the field of social enterprise, academia and thought leaders, and helping to create a platform that encourages social enterprise whether through regulatory changes, new financial tools, effecting public opinion, etc.

 

This new supportive platform will help generate an environment within which the hybrids will be able to effect change quickly and sustain themselves and grow.

 

On Aug. 10, 2011 Prime Minister Netanyahu appointed the Tachtenberg Committee. The committee is charged with the task of defining steps towards the alleviation of the economic burden on Israeli society. As a consequence the committee has issued a request for position papers addressing this matter.


In Mid-August the Taskforce submitted a position paper entitled Social Business as a tool to close social gaps and create social justice"  

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