Date post: | 28-Mar-2015 |
Category: |
Documents |
Upload: | devin-shaw |
View: | 215 times |
Download: | 2 times |
08.11.2006 Research, sozialwirtschaftliche Marktunterstützung, Europa-Service
1
BFS: Financial instruments for the social economy
Dietmar Krüger
Member of the Management Board
Bank für Sozialwirtschaft AG, Cologne
BFS: Financial instruments for the social economy
Dietmar Krüger
Member of the Management Board
Bank für Sozialwirtschaft AG, Cologne
European Workshop
Financing Caritas Activities in Europe - Building Sustainable Financial Strategies
Caritas Germany, Caritas Europe, European Office for Social Finance (EOSF)
07th and 08th May 2008, Berlin
2
© Bank für Sozialwirtschaft AG 2008
Selected financial products fromBank für Sozialwirtschaft
Selected financial products fromBank für Sozialwirtschaft
1. Revolving fundStart-up finance and financial assistance for non-statutory welfare services
2. A.B. SANIGA FundSpecial-purpose property fund for Church and welfare organisations providing care for the elderly
3. Multifunctional account number systemEfficient management of payments received on behalf of fundraising and member organisations
08.11.2006 Research, sozialwirtschaftliche Marktunterstützung, Europa-Service
3
1. Revolving fund
Set-up finance and financial assistance
for non-statutory welfare services
1. Revolving fund
Set-up finance and financial assistance
for non-statutory welfare services
© Bank für Sozialwirtschaft AG 2008
4
© Bank für Sozialwirtschaft AG 2008
1. Revolving fund: set-up finance and financial support for non-statutory welfare services
1. Revolving fund: set-up finance and financial support for non-statutory welfare services
FederationBFS
€178m revolving fund
trust assets
Non-profit organisationsand projects
Interest-free loans
Repay-ments
Managementfee
German government funds
Fund assets are replenished when the
fund ends
08.11.2006 Research, sozialwirtschaftliche Marktunterstützung, Europa-Service
5
2. A.B. SANIGA Fund
Special-purpose property fund for Church and welfare
organisations providing care for the elderly
2. A.B. SANIGA Fund
Special-purpose property fund for Church and welfare
organisations providing care for the elderly
© Bank für Sozialwirtschaft AG 2008
6
Purchase or
construction
Basic system
2. A.B. SANIGA Fund2. A.B. SANIGA Fund
© Bank für Sozialwirtschaft AG 2008
A.B. SANIGA property fund
Investor
= provides capital
Banks
= provide debt capital
Social carefacility
Operation
OperatorRent
Lease
Investment company
- Fund issuer- Investment decisions- Management
Investment committee
- Principles of investment policy- Advice
Consultants
- Advice and analysis regarding the selection of properties and operators
08.11.2006 Research, sozialwirtschaftliche Marktunterstützung, Europa-Service
7
3. Multifunctional account number system
Efficient management of payments received on behalf of
fundraising and member organisations
3. Multifunctional account number system
Efficient management of payments received on behalf of
fundraising and member organisations
© Bank für Sozialwirtschaft AG 2008
8
© Bank für Sozialwirtschaft AG 2008
3. BFS multifunctional account number system3. BFS multifunctional account number system
BFS organisation
3 7 0 2 0 5 0 03 3 3
1 2 3 4 5 6 7
1 5 0 . 0 0
9
© Bank für Sozialwirtschaft AG 2008
BFS organisation
3 7 0 2 0 5 0 03 3 3
1 2 3 4 5 6 7
The multifunctional account number system combines the account number of the organisation (payment recipient) …
1 5 0 . 0 0
3. BFS multifunctional account number system3. BFS multifunctional account number system
10
© Bank für Sozialwirtschaft AG 2008
BFS organisation
3 7 0 2 0 5 0 03 3 3
1 2 3 4 5 6 7
… with the code of the client (e.g. donor or member number) …
1 5 0 . 0 0
3. BFS multifunctional account number system3. BFS multifunctional account number system
11
© Bank für Sozialwirtschaft AG 2008
BFS organisation
3 7 0 2 0 5 0 03 3 3
1 2 3 4 5 6 7
… to make up a 10-digit account number.
1 2 3 4 5 6 7
1 5 0 . 0 0
3. BFS multifunctional account number system3. BFS multifunctional account number system
12
© Bank für Sozialwirtschaft AG 2008
BFS organisation
3 7 0 2 0 5 0 03 3 3 1 2 3 4 5 6 7
The first three digits are used to identify the organisation (as the payment recipient), …
1 2 3 4 5 6 7
1 5 0 . 0 0
3. BFS multifunctional account number system3. BFS multifunctional account number system
13
© Bank für Sozialwirtschaft AG 2008
BFS organisation
3 7 0 2 0 5 0 03 3 3 1 2 3 4 5 6 7
… the remaining digits can be allocated as required.
1 5 0 . 0 0
1 2 3 4 5 6 7
3. BFS multifunctional account number system3. BFS multifunctional account number system
14
© Bank für Sozialwirtschaft AG 2008
BFS organisation
3 7 0 2 0 5 0 03 3 3 1 2 3 4 5 6 7
The account number created in this way clearly identifies the sender.
1 5 0 . 0 0
1 2 3 4 5 6 7
3. BFS multifunctional account number system3. BFS multifunctional account number system
08.11.2006 Research, sozialwirtschaftliche Marktunterstützung, Europa-Service
15
4. The BFS Mezzanine Fund for the social sector
New investment scope for social enterprises –
attractive investment options for investors
4. The BFS Mezzanine Fund for the social sector
New investment scope for social enterprises –
attractive investment options for investors
© Bank für Sozialwirtschaft AG 2008
16
4. The BFS Mezzanine Fund for the social sector4. The BFS Mezzanine Fund for the social sector
© Bank für Sozialwirtschaft AG 2008
Advisory Board
Composed of investors, the Advisory Board provides advice to management when selecting target companies.
Target companies
= social enterprises which issue profit- sharing rights
BFS Mezzanine Fonds GmbH & Co. KG
Investor(general partner)
Investor(general partner)
Investor(general partner)
Fund management- IM Fünf GmbH (general partner) organisation and administration- IS (founding partner) portfolio structuring
Investment a
nalysis and support
Support