Social Enterprise encompasses social purpose businesses, often goods or services sold to earn income to support the mission of a non profit, though sometimes the business is for profit. There is typically a material cost to profits; some hit to the bottom line, to support the social mission of the business. Typical social enterprises include businesses that work with some sort of at risk population, such as low income inner city youths, former homeless, ex convicts or addicts, or handicapped people and include training and other kinds of workforce readiness programs that add costs, including matched saving accounts, social workers, tutors, etc.

Greyston Foundation (GF) is an integrated system of nonprofit and for-profit organizations that offer resource development, long-term planning, financial management, and real estate development to men, women and children in Yonkers, New York. Its programs include housing for homeless and very low-income persons, childcare, employment, job training, and residential and adult day health care for people living with HIV/AIDS. Currently, GF serves more than 2,200 people.

Evergreen Destination Holdings (EDH) is an independent, for-profit company that acquires vacation operations in destinations where demand for lodging exceeds capacity, and then expands and improves the facilities. Its social mission is to help under-privileged and at-risk urban young by providing them with stable, rewarding careers. Its business mission is to own, develop and manage a portfolio of lodging properties, and to use these properties to expose people to outdoor experiences, activities and education.

Rubicon Programs, Incorporated (Rubicon) is a community services agency committed to serving low-income people, homeless individuals, and people with disabilities. Rubicon operates two enterprises, providing training and employment opportunities for persons served through direct service programs. As a housing developer, Rubicon builds and manages affordable housing. In 2004, Rubicon and its affiliates served over 3,000 people through programs offered throughout the San Francisco Bay Area and have developed a budget of nearly $15 million.

Equal Exchange�s (EQEX) mission is to build economically just and environmentally-sound long-term trade partnerships, to foster mutually beneficial relations between farmers and consumers and to demonstrate the viability of worker-owned cooperatives and fair-trade. Since inception, it has expanded to include 28 trading partners in Latin America, Africa and Asia and is now the largest fair-trade-certified coffee company in North America. It is a for-profit organization with annual sales of $16.5 million in 2004.

Rubicon Programs, Incorporated (Rubicon) is a community services agency committed to serving low-income people, homeless individuals, and people with disabilities. Rubicon operates two enterprises, providing training and employment opportunities for persons served through direct service programs. As a housing developer, Rubicon builds and manages affordable housing. In 2004, Rubicon and its affiliates served over 3,000 people through programs offered throughout the San Francisco Bay Area and have developed a budget of nearly $15 million.

The Calvert Social Investment Foundation (Calvert Foundation) was established as a professionally managed facility through which individuals and institutions could invest in low-income communities and families. Calvert Foundation currently has assets of more than $100 million - comprised of more than $80+ million in senior investment from 2,000+ individual and institutional investors, and $10+ million in subordinate investments, equity and loan loss reserves. Calvert Foundation manages a $65 million community investment portfolio.

SERRV International was one of the first alternative trade organizations in the world, and was a founding member of the International Fair Trade Association (IFAT). SERRV offers its artisan and farmer partners up to 50 percent advance payment on orders. This helps them avoid high interest rates from borrowing locally. SERRV�s goal is to alleviate poverty and empower low-income people through trade, training, and other forms of community support as they work to improve their lives.

Evergreen Destination Holdings (EDH) is an independent, for-profit company that acquires vacation operations in destinations where demand for lodging exceeds capacity, and then expands and improves the facilities. Its social mission is to help under-privileged and at-risk urban young by providing them with stable, rewarding careers. Its business mission is to own, develop and manage a portfolio of lodging properties, and to use these properties to expose people to outdoor experiences, activities and education.

Search Developmental Center (Search) is a nonprofit agency whose mission is to empower persons with disabilities to achieve their full potential, accept a valued role in their community, and lead rich, rewarding lives. Search accomplishes this mission by providing life skills training and support to persons with developmental disabilities in Chicago and its suburbs.

Voxiva is a for-profit voice and data solutions provider dedicated to public health. Using the power of the internet and the reach of the phone, Voxiva has developed a revolutionary new way to use technology to address some of global health�s most pressing challenges. From disease surveillance to adverse event reporting, Voxiva�s applications allow public health agencies to collect critical data from, and communicate with front-line health workers in real-time, empowering them to respond immediately.

Article by Tim Freundlich, Jim Fruchterman and Jed Emerson on the need for expansion or risk capital for social enterprise, along with the comments of more than 30 readers that exists as a living online resource.

The Digital Vision Program supports individuals who seek to develop technology-based solutions in the interest of humanitarian, educational, and sustainable development goals. The Program fosters social entrepreneurship and interdisciplinary projects that address real needs in underserved communities. DV projects focus on the rapidly evolving mix of software applications that leverage advanced wireless and land-based data networks. These networks � paired to a new generation of mobile phones and low cost computer-based devices - have connected more than one billion people who previously lacked access to the innovations and cost-saving solutions made possible by digital communications, information services, and e-commerce. We have invited 16 incredibly talented social entrepreneurs to join the 2007 DVP class at Stanford. These individuals were selected out of a pool of over 525 applicants, represent 12 countries (Australia, Brazil, Colombia, India, Jamaica, Kosovo, Nigeria, Philippines, South Africa, Uganda, the US, and the UK), and have an average of 12 years work experience and will work in the areas of health, education and financial services. WE NEED YOUR HELP - we are seeking funding, and in-kind gifts, to bring these social entrepeneurs to Stanford and to support them during their nine-months in the U.S. For more information on these entrepreneurs and this campaign, please see: http://rdvp.org/donate/bring Donations can be accepted for unlimited amounts, can be made for the DV Program or designated for a specific Fellow, can be personal or corporate, and are tax deductible. In-kind donations (frequent flyer miles, housing, computer equipment) are also extremely valuable. If you are interested in donating an in-kind gift, please contact us by emailing digitialvision@csli.stanford.edu or by calling +1 650 724 4069.

KLD Research & Analytics, Inc. is an independent investment research firm providing investment management tools used by professionals to serve clients requiring investment strategies based on social and environmental responsibility. Since 1988, institutional investors, managers, trustees, consultants, and advisors have depended on the quality and expertise of KLD. Institutional money managers worldwide use KLD's research to integrate environmental, social, and governance factors into their investment decisions. KLD products and services are used for screening, compliance, and asset gathering. More than $8.5 billion is invested in funds based on KLD indexes. For more information, see www.kld.com.

Social Enterprise Associates Emerging Topics Paper Series

Good Capital is working to provide the research and development, structuring, set-up, subscription and eventual fund management of a potentially $30 million US social enterprise investment fund. It will raise capital from accredited individual and institutional investors in the US and place this capital into a portfolio of high performing US-based social enterprises which have both significant growth opportunities and attractive profiles regarding risk and reasonable return. The purpose of the Fund is to create significant positive social and community impact, through supplying entrepreneurs with the risk capital they need to ramp up and institutionalize their already proven operations. It aims to accomplish these ends while providing a disciplined and well-managed vehicle for its investors, and proving a new model of risk capital investment for the sector. Its purpose is to fill the risk capital gap between grants and debt funding for social enterprises; the kind of role a traditional venture capital fund plays in the traditional capital markets. It will provide a new kind of institutional capital, currently unavailable to even the highest performing social enterprises.

INVESTING IN PHARMAFRICAN AND BDA This investment opportunity is predicated on what we refer to as a “blended offer” which allows people to invest in PharmAfrican for financial returns while simultaneously investing in the BDA Foundation for social and environmental returns. We are currently seeking investors who want to join our dynamic team of shareholders, which includes individuals, companies, and foundations in Europe, Canada, and the United States. Consider the following information as a starting point for thinking about your participation. The goal of this first round is to achieve the monetary objectives of the offering while leveraging the non-monetary influence capacity of the investors. Total Equity: PharmAfrican (US $ 7.5 M) Total Philanthropy: BDA Foundation (US $ 1.5 M) Unit Description: 1 Unit = US $500,000 equity investment in PharmAfrican and a US $100,000 social investment in The BDA Foundation. Units Available: 15 Units Number of Units Equity - PharmAfrican Philanthropy - BDA 1 500,000 100,000 2 1M 200,000 3 1.5M 300,000 4 2M 400,000 5 2.5M 500,000 Etc…. Terms of Equity: Business Value Creation $90 M, over 3 years • Nutritional and functional food: By the end of fiscal year 2010 (august 31st), creation a self-sufficient business generating positive cash, with a projected value of $10 M at that point in time. Other non tangible value created: a supply chain for the African production and a "training" program for pharmaceutical grade production. • Topical anti inflammatory Botanical Drug: Preclinical studies, approved submission for an IND and Phase I clinical developments to be completed for a first topical botanical drug product during the contemplated period. Such a product is projected to be worth $50 M once approved for market launch. At this stage of completion (entering Phase II), the projected worth will be $10 to $15 M. • Oral Botanical drug addressing metabolism disorders (diabetes, hypertension, obesity): Preclinical studies and approved submission for an IND to be completed for a first oral botanical drug product during the contemplated period. Such a product is projected to be worth $1 B once approved for market launch. At this stage of completion (entering Phase I), projected worth will be $50- $100 M. • Drug discovery platform: New drug candidates may increase the value ($0.5 M per drug candidate) *Possibility to reach phase II clinical studies: product value created between $300 to $400 Million. Value created if all the above development programs were successful $90 to $100 M Net value discounting at 25 % (compounded during 3 years) $46 to $51 M Pre money value if $ 7,5 M needed to execute the program $38,5 to $43,5 M Shares to issue for a $ 7,5 M investment (dilution) 14,7 to 16,3 % Terms of Philanthropy: By making a social investment in the work of the BDA Foundation you are making possible the creation of a sustainable industry which will provide the type of quality employment that will deliver serious economic benefits to individuals, communities, and indeed the entire country of DR Congo.

SOCIAL ENTERPRISE ASSOCIATES is a consulting firm providing business oriented ‘triple bottom line’ results – generating financial, social, and environmental returns. We enable entrepreneurs, for- and non-profits, to put ideas into action. A list of clients and publications is available online. Our CORE COMPETENCIES, in Microfinance, New Ventures & Non-Profit Earned Income Strategies, have impacted dozens of entities. Our work has led to raising more than $12 million in capital - philanthropy, market rate debt, socially motivated debt, and equity. CURRENT PROJECTS & INTERNSHIPS We regularly consider internships and professional volunteers in all projects. Application information is available at www.socialenterprise.net, click on “WORK WITH US”. Engagements: 1. Establishing a trade association for microfinance institutions in Mozambique, Africa. 2. Establishing partnerships and raising capital for a new financial education product tailored to Older Americans (50 plus) for a national pilot whose founder is located in Philadelphia, PA. 3. Increasing opportunities for small businesses owned by tribal members to benefit from tourism at Ft. Apache with the White Mountain Apace Indian Tribe in Arizona. 4. Supporting the launch of Grameen America, a U.S. microfinance institution providing affordable financial services to immigrants in Queens, NY. 5. Raising socially motivated investment (also called SRI – socially responsible investment) for a green construction development in Santa Fe, NM. In particular, seeking PRIs and MRIs (program related investments and mission related investments) from foundations. CONTACT: Drew Tulchin drew@socialenterprise.net www.socialenterprise.net 202-256-2692

The recruitment of senior level executives to assist social enterprises in achieving their objectives. Particularly effective in sourcing non-traditional hires from the for profit world