A New Donor Fund
The Impact Security brings together donors and investors to fund nonprofit organizations based on impact.
Participants
Nonprofit Organizations
Raise the capital necessary to fund long-term, high-impact initiatives
Donors
Make impact-based donations to nonprofit organizations
Impact Investors
Invest upfront risk capital and realize financial returns based on impact
How It Works
The Impact Security is a financial product that allows a nonprofit organizations issue performance-based debt and repay that debt over time with donations.
Technical Details
The Impact Security is a debt security issued by a nonprofit organization, government or supranational entity, featuring variable returns that are contingent on the achievement of pre-determined impact metrics.
The Impact Security combines the contingent returns concept found in pay-for-success financings such as Impact Bonds with an established, scalable and tradable capital markets structure, a debt security. Because the Impact Security is issued by a nonprofit, government or supranational entity, the offering is exempt from SEC registration requirements.