Ashoka: Needed: A New Social Financial Services Industry

September 29, 2004

Co-sponsors: Woodcock Foundation and Ashoka: Innovators for the Public

This event was designed as a conversation to discuss the best ways to change the dynamic of the capital markets available to social entrepreneurs. It arose out of a belief that Woodcock shares with Ashoka that the social capital market is fundamentally inefficient. Social entrepreneurs, even ones with proven impact, are constantly struggling to find the capital to build their institutions and spread their impact. At the same time, people with high net worth have difficulties finding opportunities for philanthropic investments that will produce the kind of social return that they expect. This event was organized to look at how Ashoka is creating ways to make this market function more efficiently and pursue strategies to change the dynamics of the market as a whole.