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Hila Dekel Michael Lustig

i 4: Where Philanthropy and For-Profit Investing in Israel Overlap to create sustainable social solutions. Hila Dekel Michael Lustig. November, 2015. Impact Investing “101” What are we talking about?. Government (2nd). Corporate (1 st sector). IMPACT (4th). Philanthropy (3rd).

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Hila Dekel Michael Lustig

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  1. i4:Where Philanthropy andFor-Profit Investing in IsraelOverlap to createsustainable social solutions Hila Dekel Michael Lustig November, 2015

  2. Impact Investing “101”What are we talking about? Government(2nd) Corporate (1st sector) IMPACT(4th) Philanthropy (3rd)

  3. Example: GigaWatt Global - Rwanda • GigaWatt Global: Israel-Based Company • The Rwanda Project: 6% of the country’s power (8.5MW); only 15% of country is grid-connected • Economic (grid-parity) and Environmental impact • Social Impact: A piece of field revenue (pe’ah) covers the Medical expenses of an adjacent Youth Village (500 kids) for the next 25 years.

  4. BULLET HEADER HERE Bullet here And here No more than 5 lines please! Let’s keep it clean. It forces clear thinking. Cool? Great! Impact Investing:Solving Challenges while Generating Profit Source: Global Impact Investing Network website; Antony Bugg-Levine, Impact Investing Bold Models to Drive Development at Scale, Beyond Profit Magazine, May/June 2009.

  5. No pre-existing structure within UJA-Federation of NY Endowment - maximizing total return (no major concern for mission alignment) Commissions – sole executors of mission related initiatives i4 as a cross-Commission initiative (Finance, allocating Commissions, FRD) Creating the i4 Committee

  6. Tender Process from Government of Israel to create “social businesses” on issues of: Youth-at-risk Special needs Recovering addicts Released convicts Chronically unemployed Elderly Single parents UJA-Federation’s first Impact Investment:The Yozma Fund

  7. Israeli Government mandated the following structure for each of two funds: ₪22.5MM [$5.7MM] Total Fund Size 40% Philanthropic Funds (₪9MM [$2.3MM]) 40% Matching Gov’t Funds (₪9MM [$2.3MM]) 20% Investor Debt (₪4.5MM [$1.1MM]) Note: The (combined) Philanthropic & Government funding acts as “Equity” supporting the Debt. The Yozma Investment Structure / Funding

  8. Existing Businesses of IVN & Dualis

  9. Monitoring/oversight/engagement with IVN & Dualis (synergies with Commissions) Evaluate other opportunities: JAFI Crowdsource Lending Hura Catering Social Finance Israel (Two Social Impact Bonds) JLens (Advocacy/Education) Role of UJA-Federation of NY Pure Philanthropy / Philanthropic Investment, or Endowment Investment? i4: Going Forward

  10. Why Should a Federation Care? COMMUNITY organization - elevates collective efforts in all sectors Endowment investments should have a degree of mission-alignment Good way to engage with Millennials a form of grant making with built-in sustainability The tide is turning – be ahead of the curve!

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