The report from the Task Force on Social Finance makes seven main recommendations for encouraging “socially productive investing”:

> that public and private foundations invest at least 10% of their capital in “mission-related investments” by 2020

> that the federal government partner with private, institutional and philanthropic investors to establish a national SPI fund

> that investors, intermediaries, social enterprises and policy-makers work together to develop new bond and bond-like SPI instruments

> that pension funds be encouraged to invest by clarifying their fiduciary duties to allow investing that generates public benefits

> modernizing regulatory frameworks to ensure charities and non-profits are positioned to undertake revenue-generating activities

> the formation of a working group on tax policy to study ways to encourage private investors to provide the lower-cost, patient capital that social enterprises need

> that the eligibility criteria of government-sponsored SPI business-development programs be expanded.

— JAMES LANGTON