New 'Impact Security' Could Revolutionize Philanthropy - Catarina Schwab, NPX - #587
Never miss another interview! Join Devin here: http://bit.ly/joindevin. Read the full Forbes article and watch the interview here: http://bit.ly/2BBApJw. Catarina Schwab, 43, and Lindsay Beck have set out to completely revolutionize philanthropy. Their firm, NPX, Inc., has introduced a new security to Wall Street called the “Impact security,” which they hope will end the practice of funding nonprofits without impact. Problems in philanthropy Ted Williams, Managing Partner at Springbok Partners and an advisor to NPX, explained the problems in philanthropy today. “The nonprofit sector is woefully lacking creative destruction. Mediocre and weak organizations are still attracting funding and the best organizations are not accessing the funding they need to achieve real impact. The only way to get to a more efficient and robust nonprofit market is to reward good organizations and penalize bad ones. This will only occur when there are economic consequences tied to impact.” For her part, Schwab says, “The nonprofit capital market is opaque and inefficient. It is a trillion-dollar industry and the money is being wasted. And it's being wasted at the expense of human lives and the environment.” Watch the interview with Schwab in the video player above.” Read the full Forbes article and watch the interview here: http://bit.ly/2BBApJw. Check out my free webinar where I share the secrets of successful nonprofit crowdfunding at http://crowdfundingforsocialgood.org.