Initiate

Social Impact Investment

VFFF aims to identify opportunities to make impact investments that achieve commercial returns and further social outcomes for our beneficiaries. Working with our investment manager Cambooya, VFFF seeks to have 5% of the corpus invested on an impact first basis by 30 June 2017.

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In November of last year, VFFF approved its first impact investment, a property in Armidale for $570,000 plus on-costs to establish BackTrack‘s residential program, helping youth at risk.

In March 2016, VFFF provided a loan of $2 million to Moore Theological College to assist in the redevelopment of the Newtown campus.

VFFF is currently finalising arrangements for its third impact investment. In 2017, $750,000 of VFFF Corpus will be invested for equity in YUME Pty Ltd, an organisation that seeks to assist primary producers to achieve a return on produce that for a variety of reasons becomes surplus to needs.

BackTrack

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Building the pipeline of investment ready social enterprises

Social Traders Crunch

Acknowledging the need to build the pipeline of investment ready ‘impact first’ opportunities, VFFF has approved two grants to help grow the pool of investments.

  • Partnering for Scale and Impact program supporting social enterprises to help them become investment ready.
  • Expansion of the Social Traders Crunch program to NSW, helping start-up and growth social enterprises develop and test their models.

Assisting social enterprises

VFFF also provides support to budding social enterprises through its grant making.

Working with social lender Social Enterprise Finance Australia (SEFA), VFFF supplemented SEFA’s loan facility by approving a grant of $285,000 to provide seed funding for Tender Funerals, a not-for-profit funeral service empowering people in the death and dying process.

 

Tender model

 

VFFF has supported The Social Outfit, an ethical fashion label providing employment and training to people from refugee and new migrant communities, since its establishment in 2012.

The shop - photo by Sar Ruddenklau

VFFF also provides core operating funding to support the establishment of the Parents’ Cafe Fairfield, an initiative originally borne out of Fairfield High School to support parents of newly arrived refugee students and that has evolved into a social enterprise catering business, generating income and employment.

Latest Grants

  • Desert Pea Media
    $132,000 towards Ngemba Ngurra: Light of the Ngemba people - a series of four music-based workshops over 12 months with Indigenous young people at Bourke High School
  • Primary Industries Education Foundation Australia
    $300,000 over three years towards operational costs to promote the importance of primary industries among students and teachers
  • St Francis Social Services
    $340,000 over three years for The Humanitarian Hub - an Alliance between four agencies to build volunteering capacity to meet the needs of people seeking asylum
  • Weave Youth & Community Services
    $362,965 over three years for Creating Futures Justice Project, a prison release program to reduce recidivism rates of young people in Sydney's inner South East communities
  • Bourke and District Children's Services
    $28,000 to rejuvenate the childcare outdoor play area at Bourke and District Children's Services.
  • Bowen Community Technology and Homework Centre
    $20,000 towards operational costs of the Bowen Community Technology and Homework Centre.
  • The Nawarddeken Academy
    $49,434 towards The Nawarddeken Academy - a school for Kabulwarnamyo in west Arnhem Land.
  • McLean Care
    $50,000 to establish the Northern Inland Aged Care Alliance, an initiative to build sustainable not-for-profit aged care services in regional NSW communities.
  • NewLife Anglican Church Oran Park
    $46,564 towards the employment of a kids, youth and families Pastor at NewLife Anglican Church Oran Park.
  • Philanthropy Australia
    $25,000 towards the Philanthropy Austalia and National Australia Bank matched funding program, to build the capacity of not-for-profits in impact investing.