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Money and Mission: Creating 21st Century Capital Markets for Better Social Outcomes

Name: Money and Mission: Creating 21st Century Capital Markets for Better Social Outcomes
Start: 2022-05-17T16:00:00-04:00
End: 2022-05-17T17:30:00-04:00
Location: Federal Reserve Bank of New York

May 17, 2022 @ 4:00 pm – 5:30 pm EDT

On Tuesday, May 17, the Federal Reserve Bank of New York will host a discussion on the potential of philanthropy to act as both a source of capital and a model for the fundamental changes needed to address today’s challenges.

In this conversation, experts will discuss the following questions:

Can we solve social problems with markets? If not, how do we marry market solutions with public policy and philanthropy in the most effective ways?

Does the philanthropic model have an internal contradiction that stymies progress if it uses only 5% of its assets to advance its mission?

How do we frame the big challenges facing communities—such as widening wealth inequality, affordable housing scarcity, and the decline of community services such as schools, health care, clean water, and internet access—so that they are not too overwhelming for foundations and other investors to hope to improve?

This event is open to the public and media. Registration is required. All remarks are on the record and the event will be recorded. For media inquiries, please contact Ellen Simon at ellen.simon@ny.frb.org.

Speakers

Speakers include Clara Miller, president emerita of the F.B. Heron Foundation and Geoffrey Canada, founder and president of the Harlem Children’s Zone and William Julius Wilson Institute.