| Investments |
|
|
There is a major deficiency in the Third sector, where nonprofit, civil society organizations (CSOs) compete for a limited pie of existing philanthropic capital. This makes them dependent on volatile revenue stream and prevents from focus on the long-run, strategic development and substantial growth.
Therefore SEDC work is closely aligned with the Social Investment Fund (SIF), which was established to address the need for the "growth capital" in the Third Sector. The entity was launched in cooperation with local investment management company and one of the largest law firm) as well as Civic Responsibility Foundation (venture philanthorpy foundation). The Fund operates as a Collective Investment Subject under Lithuanian/EU legislation and was designed to unlock the private capital for the social enterprises. |