Social Innovation Summit

2013 U-M Social Innovation Summit

Leaders from across sectors including keynote Matt Flannery, Co-founder and CEO of Kiva, gathered for the inaugural U-M Social Innovation Summit. in October 2013. Invested university and community members together defined, explored and delivered thoughts and applications around Social Funding Methods. They debated and discussed:

  • What funding avenues exist for an idea, organization, or business with an explicit goal of enhancing the social good?
  • How emerging social funding models compare to established practices?
  • What are effective funding methods in Michigan and which global trends should we consider?

Social funding methods explored
Philanthropy/giving • Charitable grants • Crowdsourcing • Microlending • Impact Investing • Competition capital • Venture philanthropy • Pay-for-success (social impact bonds) • Social venture funding • Program related investments (PRIs) • Community banking

Special Guest Speakers

Cheryl Elliott

President & CEO, Ann Arbor Area Community Foundation

Benjamin Kennedy

Senior Community Development Officer, Kresge Foundation

Jamie Shea

Director of Local & Impact Investing, Mission Throttle, L3C

Shelly Strickland

Philanthropy Associate, U-M Office of Development

Matt Flannery

Co-Founder & CEO, Kiva
Rishi Moudgil

Rishi Moudgil

Managing Director, U-M Social Innovation summit

Elizabeth Garlow

Executive Director – MichiCorps
 Dione Alexander

Principal, Roundbox Consulting; Former VP, Nonprofit Finance Fund

 

Harlyn Pacheco

Co-founder & CEO, Qlovi
 

Perry Teicher

Director, U-M Social Venture Fund; President, Detroit Nation
  

Deborah Burand

Director, U-M Law School International Transactions Clinic

Jason Paulateer

VP of Community Development Banking, PNC Financial Services

Pam Smith

President & CEO, United Way of Washtenaw County
Phel Meyer

Co-Founder, BizeeBox

Watch Rapid Fire Profiles by social funders across capital pools

Download Rapid Fire Presentation in PDF


Keynote

“A Conversation with Matt Flannery”

Matt Flannery began developing Kiva in late 2004 following a trip to Uganda, where he witnessed microfinance first hand. At the time, he worked as a computer programmer at TiVo, Inc., and Kiva was a side-project. However, in December 2005 Matt left his job to devote himself to Kiva full-time. Since then, Kiva has expanded to work in nearly 60 countries and has raised hundreds of millions in funds for the working poor.

As CEO, Matt has led Kiva’s growth from a pilot project to an established online service with partnerships across the globe and millions in dollars loaned to low income entrepreneurs. Through Kiva, he has helped raise awareness about microfinance and helped take the movement to a new level.

 Business School, Diane GriffithBusiness School, Diane Griffith


Program Line-up

Rapid Fire Profiles
Friday, Oct. 11, 2013: 10 a.m.

What are all the various forms of funding you can obtain for your social venture?

  • Shelley Strickland, Philanthropic Research Associate, U-M Development Office
  • Cheryl Elliott, President & CEO, Ann Arbor Area Community Foundation
  • Jamie Shea, Director of Local & Impact Investing, Mission Throttle, L3C
  • Dione Alexander, Principal, Roundbox Consulting
  • Deborah Burand, Director, U-M International Transactions Clinic
  • Harlyn Pacheco, Co-founder & CEO, Qlovi
  • Perry Teicher, Director, U-M Social Venture Fund
Keynote Conversation
Friday, Oct. 11, 2013: 11:30 a.m.
  • Matt Flannery, Co-founder & CEO, Kiva
  • Rishi Moudgil, Ross Managing Director

BREAKOUT SESSIONS:

Foundations & Impact Investing
Friday, Oct. 11, 2013, 1:30 p.m. & 2:45 p.m.

For decades, foundations have distributed hundreds of billions of dollars through grant-making. Why is impact investing now garnering so much attention? How common are these practices and what is the potential impact locally? How does this compare to other foundation activities such as endowment spending or managing donor-advised funds?

  • Cheryl Elliott, President & CEO, Ann Arbor Area Community Foundation
  • Benjamin Kennedy, Senior Program Officer, Kresge Foundation
  • Jamie Shea, Director of Local & Impact Investing, Mission Throttle, L3C
  • Shelley Strickland, Philanthropic Research Associate, U-M Office of Development
Microfinance & Crowdsourcing
Friday, Oct. 11, 2013, 1:30 p.m. & 2:45 p.m.

Relatively new outlets of giving such as microfinance and crowdsourcing are driving a new “democracy of giving.” How do these methods compare to other forms of individual giving? How are international models being applied locally? Who is participating in the region and what efforts are being made to broaden the base? What are some success stories?

  • Matt Flannery, Co-founder & CEO, Kiva
  • Elizabeth Garlow, Executive Director, Michigan Corps
  • Lorenzo Thurman, Executive Director, Detroit Micro-Enterprise Fund
Social Venture Funding & Philanthropy
Friday, Oct. 11, 2013, 1:30 p.m. & 2:45 p.m.

Applying market-based, venture principles to social enterprises and nonprofits creates new opportunities and raises new questions. How are social venture funds measuring impact? Which industries are the beneficiaries in this region and why? How do you balance social and financial return goals? How does acquiring or managing equity differ from grants or loans?

  • Dione Alexander, Principal, Roundbox Consulting
  • Harlyn Pacheco, Co-founder & CEO, Qlovi
  • Perry Teicher, Director, U-M Social Venture Fund
Government, Banks, & Agencies
Friday, Oct. 11, 2013, 1:30 p.m. & 2:45 p.m.

Innovation is now coming from historically bureaucratic areas, including governments, banks, and legacy institutions. How are we leveraging collective impact in the region? What role does banking play for the underserved locally? How will the state pursue social impact bonds effectively and who is positioned to partner with them?

  • Deborah Burand, Director, U-M Law School International Transactions Clinic
  • Jason L. Paulateer, VP of Community Development Banking, PNC Bank
  • Pamela Smith, President & CEO, United Way of Washtenaw County

 


Highlights

 

 

Relive posts from the Summit on Twitter (#SISummit13)