Heron's Fixed Income Letter of Intent
To convey our mission to our preexisting and prospective managers, Heron has created a Letter of Intent for our fixed income portfolio.
This summer, Congressman John Curtis (R-UT) introduced a bipartisan bill called the Small Business Access to Capital and Efficiency Act, also known as the Small Business ACE Act. The point of the Small Business ACE Act is to strengthen the Small Business Administration 504 loan program (SBA 504) by reconciling conflicting requirements and removing unnecessary burdens.
When Heron declared its intention to invest 100% of its assets for mission, we needed to find new ways to track and visualize the portfolio as it changed over time. Six years later, we want to share where we stumbled in the process, what we have learned from our attempts, and where we are today.
In an effort to be as transparent as possible, Heron has been posting the performance of its financial portfolio dating all the way back to 1992. And lately, observant readers have been sending us questions about the way in which Heron’s portfolio performed during the 2008 financial crisis.
A few years ago, Heron gave a sizable grant to stimulate job growth in a city that had high rates of unemployment. While our intentions were good, our grant resulted in unintended consequences for the community— prompting us to reevaluate how we think about net contribution in a place.
Freelance workers get organized as the gig economy heats up, fighting for better protections, wages and benefits.
In this issue, privatization and poverty, inequality and political will, prison labor, the bad profit of Goodwill Omaha, and the new philanthropic giant Fidelity Charitable.
In this issue, a call for an anti-poverty movement, the up-classing of contingency work, the wealthy's tax system, and the philanthropy of tech barons.
Maggie McCullough of PolicyMap discusses how organizations and individuals can use data to understand their impact on a community level.
Maggie Grieve of Success Measures discusses a collaborative approach to building powerful metrics and serving more than 600 community-based organizations.
In this issue, the bad behavior of bankers, debtors prison, the debate over mobile homes, and Hillary Clinton's plan for deep poverty.
Could changing company disclosures on skills improvement lead to more investment in workers?
Bridgespan researchers share new hiring practices aimed at improving future job opportunities and income for "disconnected" youths.
The Heron Foundation’s Toni Johnson discusses building communities and growing small businesses with Jennifer Pryce of the Calvert Foundation.
In this issue, questions on poverty progress, the massive prison strike, unsustainable business practices, and a plea for an impact economy.