NAB will contribute $250,000 and we will match this through contributions from trust and foundation Members, creating a $500,000 grants fund, the largest in Australia, aimed at growing the number of social enterprises managed by not-for-profits.
The fund is part of a 12-month partnership with NAB includes a series of educational activities designed to grow the number of trusts and foundations using impact investment as an investment strategy.
Read more (media release)
Is it possible to leverage your money to create more social and environmental good?
This will be the focus of a national series of half-day seminars on impact investing from a funder’s perspective. Gain insights from your peers and learn more from experts in the field on how to unlock your corpus to invest in projects and programs for social and environmental good.
Expert keynote presenters including Dan Madhavan from Impact Investing Australia and experts from the National Australia Bank/JBWere team. Also at each event, join the conversation with a range of funders who will share their experiences and learnings in making impact investments – the why, how and the processes involved.
This seminar is a must for all funders (Trusts/Foundations, Private Ancillary Funds (PAFs), Public Ancillary Funds (PuAFs), Family Foundations, Corporate Foundations, Subfunds and individual philanthropists, social investors and entrepreneurs) to gain a practical insight on how to consider their next steps in impact investing and go beyond the talk, hype and theory!
This national series on impact investing is brought to you by Philanthropy Australia in partnership with the National Australia Bank and JBWere.
Fees: Funders $50 (+GST) • Members of PA & IAA: $30 (+GST)
CEO, Impact Investing Australia
Daniel is a strategic thinker, leader and finance professional. He spent 12 years at JB Were across different roles including Investment Advisor, Head of NSW, Chief Operating Officer and Acting CEO. Since joining Impact Investing Australia in 2014, he has been able to combine his experience in financial markets with a passion for contributing to social change. Daniel is particularly interested in issues affecting young people, and his work with the Foundation for Young Australians and mentoring roles with young social entrepreneurs has provided him with a strong understanding of how capital can translate community energy into positive social outcomes. He also sits on the board of YGAP, ShareGift Australia and Sanfilippo Children’s Foundation.
Presenting at all seminars
JBWere Philanthropic Services
John joined JBWere’s Philanthropic Services team on its establishment in 2001 after 16 years in resource equity markets. His primary responsibilities are researching and analysing trends in the philanthropic sector; interpreting the findings to provide valuable insights for clients; and forging relationships between clients with a philanthropic interest and the not-for-profit sector. After retiring as a Principal and Executive Director of Goldman Sachs JBWere, John has been able to devote more time to both his family’s interests in private philanthropy through a Private Ancillary Fund (PAF) established in 2004 and broader education through consultancy in the sector while still undertaking research and client advisory work for the Philanthropic Services team at JBWere. John serves on multiple Boards, including the Philanthropy Australia Council, in a fiduciary volunteer capacity and is the co-author of IMPACT – Australia: Investment for social and economic benefit and The Cause Report – 20 years of (r)evolution in the not for profit sector.
Presenting in Melbourne, Adelaide
JBWere Philanthropic Services
Luke joined the JBWere Philanthropic Services team in March 2015. His responsibilities in partnership with JBWere advisers include the provision of strategic advice to not-for-profit institutions and individuals and their families with an interest in philanthropy. Prior to joining JBWere, Luke was the Executive Manager of the MLC Community Foundation, where he led the evolution of the strategic direction of the Foundation to focus on mental health outcomes. During Luke’s tenure, the Foundation has been awarded as a philanthropic leader in measuring social outcomes, driven by innovative approaches to measurement and impact investment. Luke was also a member of NAB’s Corporate Responsibility Leadership team. Prior to this role Luke led the community program at the Australian Securities and Investments Commission. Luke is a Graduate of the Australian Institute of Company Directors, has a Graduate Certificate in Social Impact through UNSW Australian School of Business and has a Bachelor of Arts major in Social Science, University of New South Wales.
Presenting in Sydney, Canberra & Brisbane
Impact Investing Consultant, National Australia Bank
Katherine drives Impact Investment at NAB. Her responsibilities include strategy development and coordination of Impact Investment initiatives within NAB and support to grow the Australian Impact Investment market and eco-system. One of the key activities has been establishing the Impact investment Readiness Fund (IIRF) which provides capacity building grants to Investable Social Enterprises. Prior to joining NAB, she worked for KPMG (Melbourne), EY (London) and other large multinational corporations specialising first in SMEs then Corporate Finance. It was in London, post-financial crisis, that she first heard of Impact Investment (using the principals of the capital markets to scale businesses with measurable social or environmental impact). Katherine is a Chartered Accountant and has a Graduate Certificate in Social Impact through Melbourne Business School. Her passion for making a positive impact extends into her personal life and she co-founded the Environmental Film Festival Australia (EFFA) in 2010 which used film as a medium for storytelling, to inform, engage and inspire Australians about a variety of environmental issues.
Presenting in Perth
Executive Director Gemma is a senior business strategist with over 12 years experience. Gemma has been an adviser to the trustees of CAGES Foundation since its inception, and was appointed a Director in 2016. She is a director of The Funding Network, an advisor for the Roslyn and Carlo Salteri Foundation and as a founding member of Philanthropy Australia’s New Generation of Giving program. Gemma is also a graduate of the Australian Companies Institute of Directors and the Chief Executive Women’s Leadership program. Gemma is responsible for CAGES Foundation’s strategy, oversees the investment portfolio and continues to drive the move towards impact investing.
CAGES Foundation made its first impact investment in 2014 and by 2016 had moved 20% of its portfolio into impact investing. Investing capital in for purpose and for profit businesses is a valuable tool that can be used to help drive positive social and environmental change and we are committed to building the sector.
CAGES Foundation has made a wide range of impact investments including property investments with Impact Investment Group (IIG) and investments with SEFA, Unitis Impact Livelihood Fund, HireUp, and Good Return. The intention of CAGES Foundation is to move as much of its portfolio to impact investments without compromising its overall financial performance; we believe as the sector grows we will be able to be 100% invested for impact.
Presenting in Sydney & Brisbane
Chief Executive Officer, The Wyatt Trust
Paul Madden is Chief Executive of The Wyatt Trust and Chair of both World Relief Australia and Social Impact Investment Network SA. He has held senior roles with Mission Australia, Baptist Community Services SA and Habitat for Humanity and as voluntary Executive Officer of Bright Futures Child Aid & Development Fund Australia is involved in international development projects in India, Kenya, Pakistan and Uganda. An interest in the emergent field of social impact investment led to him co-founding of the Social Impact Investment Network SA (SIINSA). SIINSA has played a foundational role in the SA Government developing its first social impact bond and as a member network acts as informer, connector and encourager of social impact investment in South Australia. The Wyatt Trust has made an initial investment in the social impact bond space and has, as part of its investment policy, made a significant commitment to growing its activity as a social impact investor.
Presenting in Perth & Adelaide
Chief Executive Officer, R E Ross Trust
Sylvia joined the R E Ross Trust in 2011 after over nine years as CEO of the Foundation for Rural & Regional Renewal (FRRR) – which she established in Bendigo, Victoria. Sylvia has lead a transformation process building on organisational strengths to enhance the Trust’s capability and reputation. Prior to this, Sylvia worked in the philanthropic sector as Manager Charitable Services for ANZ Trustees and as an Adviser to Philanthropy Australia. Sylvia was a senior manager with the Australian Public Service for many years across a number of programs. She is a qualified librarian, a Graduate of the Australian Rural Leadership Program, a Churchill Fellow and holds a Diploma from the Australian Institute of Company Directors.
For the Ross Trust impact investing was an attractive proposition to use not only our income for grant making, but also to look at using our funds under management to see if we could get both a social return and an income return. After carefully informing ourselves about the landscape, the Trust has made three separate and quite different impact investments over the past financial year, all of which are aligned to our mission.
Presenting at all seminars
Co-Founder, Impact Generation Partners
Amanda is passionate about growing giving and the intersection of profit and purpose. She holds a Bachelor of Arts and a Bachelor of Law (Honours) from Monash University and started her career practicing corporate law at Allens. She then moved into the philanthropic sector working with not-for-profit organisations such as the Australian Women Donors Network and in grant making, with inter-generational family foundations at the Myer Family Company. Amanda is a co-founder of Impact Generation Partners, an intermediary in the impact investing space, providing corporate advisory services to companies and family offices. She is also a member of Scale, a female focused angel investor network that invests in early stage businesses that have gender diverse leadership.
Amanda is focused on engaging the next generation in giving. She Chairs Kids in Philanthropy, a not for profit that engages children and their families in hands on volunteering opportunities and aims to develop empathy and a social conscience in children. She has been on the Nexus Australia Youth Summit Organising Committee since its inception 2013, including Chairing the 2014 Summit. She also Chairs Philanthropy Australia's New Generation of Giving group in Melbourne.
Amanda strongly believes in the power of impact investing to solve some of the world’s most pressing problems, by moving capital into businesses that have financial returns as well as social and/or environmental benefits. Amanda and her husband have invested in Hireup, a company that gives Australians with disability the power to choose their own support workers and manage their own care. Hireup brings online technology and social networking to the disability sector by creating a platform allowing people with disabilities to connect with support workers online. Hireup was an attractive investment given its strong team, its inbuilt social purpose of empowering people with disability and its compelling and highly scalable business model in the context of the NDIS.
Amanda and her husband have also supported Machinam, a business that brings together problem-based learning, real life context and digital technology to provide an alternative to traditional high school maths textbooks that is engaging and relevant to students' interests, and is mapped to the Australian Curriculum. Co-founded by three female engineers, Machinam has the potential to increase engagement in STEM and prepare high school students for the future of work, whilst running as a scalable business.
Presenting in Melbourne
McKinnon Family Foundation
Dr John McKinnon began his career in the finance industry. After holding several positions in funds management, asset consulting and superannuation consulting, John co-founded the Australian office of Grantham Mayo van Otterloo LLC in 1995. For the subsequent ten years he was responsible for GMOA’s Australian equity investments, which grew to approximately AUD 6 billion. Post 1997, John was the senior partner of the business, which, when he left in 2005, had over $10b in total funds under management, 23 staff, and revenues in excess of $40m.
In 2005 John joined overseas aid and development charity TEAR Australia, where he managed first the NSW office and then TEAR’s Australian operations. During this time John completed his PhD in social enterprise and development, investigating the intersection of finance and poverty alleviation.
Since 2012 John, together with his wife Sue, has managed the McKinnon Family Foundation, a private ancillary fund that focuses on support for the environment, poverty alleviation and social enterprise development. Both John and Sue are keen to maximise use of their assets, which means investing the corpus as much as possible in line with their values and the mission of the foundation. Hence they have been at the forefront of impact investing. John sits on a number of boards including the Australian Environmental Grantmakers Network and two social enterprises.
John started his impact investing journey searching for businesses that were actively addressing social issues, and the Foundation’s first investments were initiated by personal relationships. One of them, Lismore Soup Kitchen, came through a colleague of John’s. Lismore wanted to buy a hotel and convert it into a shelter to accommodate and feed the homeless, but they could only raise half the required capital from the bank. The foundation provided a loan for the remaining AU$250,000, at an interest margin of 3%, and took out a first mortgage on another property that the organization had as a security, allowing the project to become a reality. At present, around 15% of the foundation’s endowment is in impact investments, but they hope to align 100% of their financial assets with their personal values over time. As John explains, they feel they are in the privileged position of being able to aspire to this: ‘ we do not have any other trustees, and it is first-generation money, so we feel we have a fair bit of freedom, a mandate to experiment, and an ability to take risks.’
Presenting in Canberra
The Myer Foundation and Sidney Myer Fund
As part of the strategic review undertaken in 2013, Sidney Myer Fund (SMF) Trustees agreed to contribute $1,150,000 over five years to build the pipeline of investment ready social enterprises, while The Myer Foundation (TMF) Directors made a notional allocation of $2,000,000 from TMF’s corpus to invest in products that would deliver social and/or environmental as well as financial returns. So far, through SMF we made a grant of $400,000 over two years into The Difference Incubator — an organisation that seeks to support a number of social enterprises to become investor-ready. In October 2015, a $500,000 investment from TMF corpus was made into a social enterprise, HireUp, established by a Myer Innovation Fellow, Jordan O’Reilly. For the remainder of the present strategic period, SMF Trustees will be making grants to intermediary organisations working to support early trade state social enterprises through provision of both business advice and operating capital, while TMF will be investing in individual social enterprises on a case by case basis until we exhaust our notional allocation of $2,000,000.
Leonard is the CEO of The Myer Foundation and Sidney Myer Fund. Both the Foundation and Fund continue the philanthropic legacy of Sidney Myer and the succeeding generations of the Myer family. Leonard is a director of the Malthouse Theatre, the immediate past Chairman of the Centre for Contemporary Photography, a past Vice President of the Melbourne International Arts Festival and a Fellow of the Australian Institute of Company Directors. Prior to his appointment to The Myer Foundation and Sidney Myer Fund, Leonard was an Executive Director of the Fox Private Group and the General Counsel and a Director of the Linfox Group. Earlier in his career Leonard was in private practice at Clayton Utz, a leading Australian law firm. Leonard holds Bachelor of Laws, Bachelor of Commerce and Master of Laws degrees from the University of Melbourne. Leonard also holds a Graduate Diploma of Applied Finance and Investment, and in 2006 he undertook the Advanced Management Program at Harvard Business School.
Presenting in Melbourne & Sydney
CEO, Lord Mayors Charitable Foundation
Catherine became CEO of the Lord Mayor’s Charitable Foundation in 2011. Catherine is committed to maximising philanthropy’s role in supporting positive change. After being admitted to practice as a lawyer, Catherine worked in general and commercial law for a few years before moving to the not for profit sector in an early career change. She then spent 11 years in legal and CEO roles within the human services sector and later consulted to many leading Australian foundations and not for profits on governance, organisational development and strategy, as well as related legal issues. Catherine has a particular interest in community foundations, stemming from 2000 when she advised the Sidney Myer Fund on the establishment of the Foundation for Rural and Regional Renewal. Catherine has held Board roles in a range of sectors including health (Deputy Chair of the Royal Victoria Eye and Ear Hospital), women’s affairs (Chair of the Queen Victoria Women’s Centre Trust) , cemetery trusts (Chair of the Greater Metropolitan Cemeteries Trust) and education. She is the author of Great Foundations a 360° guide to building resilient and effective not for profit organisations (ACER Press, 2010). She is currently undertaking a PhD by practice related research related to innovation and philanthropy at Swinburne University.
Lord Mayor's Charitable Foundation was established as an independent public foundation in 1923 by the Lord Mayor of the day, Sir John Swanson. The Foundation is a community foundation, which holds funds from bequests and donations. 75% of our granting is focused on four impact areas: Homelessness & Affordable Housing; Education and Employment (youth and older people focus); Sustainable Melbourne (food, water and sustainable energy focus), and Healthy and Cohesive Community. 25% of our granting is donor advised, some within the impact areas. The corpus of the Foundation is $220 million. The Foundation supports not for profit social enterprise in our four impact areas and has a partnership with Social Traders Australia to support social enterprise development.
The Foundation added Social Impact Investment as an asset class within our strategic asset allocation in 2015 as a way of using more of the tools in the philanthropy tool box to make an impact. The Foundation already uses other tools, apart from granting, such as convening, commissioning research, community education, participating in partnerships, and communications.
The Foundation has an allocation of 1.5 - 2.5% to social impact investing within its strategic asset allocation investment policy and has established an affordable housing loan fund with SEFA of $3 million and invested in another equity impact investment. The Foundation applies an Ethical Investment Policy to its investments.
Presenting in Melbourne
Andrew Tyndale is an experienced banker and investment banker, with a 26-year career in the Australian commercial sector. Since 2009, Tyndale has been focused exclusively on developing impact investment structures and opportunities. Working with governments, non-profits and private sector investors, Tyndale is one of Australia’s leading proponents of social and impact investing. Following a 2014 Fulbright Professional Scholarship in Social Impact Investing, Tyndale regularly speaks at conferences and contributes to strategy development for corporates and foundations. Select highlights include:
Presenting in Sydney & Canberra
Sarah Davies (CEO) launched Philanthropy Australia's Strategic Plan 2017 - 2020 at our 2016 Conference.