Commitment to Action

Outcomes Trump Income: A Loan Fund for Job Creation

Commitment by

The Distinguished Social Ventures Foundation

In 2015, the Distinguished Social Ventures Foundation (DSVF) committed to creating 1,000 living wage jobs for ex-offenders by the end of 2020 by providing $5 million of low-cost loans to small- and medium-sized businesses that are poised to grow and that have embedded in their growth plans the kinds of jobs ex-offenders can be easily trained to do. DSVF will leverage its own $1,000,000 commitment as first loss capital, its unique business model of low-cost loans with warrants, and its proposed partnerships with business schools, community colleges, academic research institutions, and not-for-profits that help the formerly incarcerated to position itself among private and philanthropic investment partners as the ideal partner to source and manage a portfolio of small- to medium-sized businesses. The goal is to promote the hiring and advancement of ex-offenders, while stimulating business and job growth.

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Overview
Summary

Commitment

Outcomes Trump Income: A Loan Fund for Job Creation

Launched

2015

Est. Duration

5 years

Estimated Total Value

$5,000,000

Region

Northern America

Countries

United States

Commitment by

The Distinguished Social Ventures Foundation