Clara Miller

Arriving at 100 Percent for Mission. Now What?

By Clara Miller 1

In the coming years, the Heron Foundation will emphasize “connective investing” in US communities, providing financial and other forms of capital. It will continue to seek allies and build connections with those who have muscle and capital market reach.

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Social Innovations

The Equity Capital Gap

By Clara Miller 2

For-profit businesses can efficiently and quickly raise large amounts of money to fund growth and innovation by tapping equity capital—money that people invest in a company in return for ownership and a share of profits. The nonprofit world has no corollary, making it difficult, costly, and time-consuming to raise money. In this article the author explores ways that nonprofits and funders can create their own version of equity capital, and, just as important, develop an equity approach to doing business.