New Impact Offerings, Power of Diversified Community Investment Funds, Next Impact Cherub Club Meeting, Crowdfunding for Affordable Housing, and Empowering Individuals to Invest in Renewable Energy
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Ecotone Renewables Featured Among New Impact Offerings - May 13, 2024
Each week, Superpowers for Good shares a list of new impact-related offerings added to FINRA-Registered crowdfunding portals and by broker-dealers. We’ll share four separate lists:
Impact offerings as determined by KingsCrowd reviews.
Offerings with minority founders.
Deals with women founders.
Those with LGBTQ founders.
Revitalizing Communities: The Power of Diversified Community Investment Funds
AI Episode Summary
1. The episode features Devin Thorpe hosting Chris Miller from the National Coalition for Community Capital, focusing on diversified community investment funds, a key tool for community builders.
2. Chris Miller describes his dual role working for a leading observatory telescope manufacturer and dedicating half his week to advancing community capital with NC3, a movement borne from economic development challenges in Michigan during the Great Recession.
3. Miller discusses the initial logical and philosophical discussions around investment crowdfunding at NC3's inception, highlighting its importance in enabling non-accredited investors to invest locally and contribute to community well-being.
4. The episode explores the limitations of charitable loan funds in community investment, pointing out their restrictions on investment returns and their charitable purpose constraints, which make them unsuitable for broader community wealth-building efforts.
5. Diversified community investment funds are introduced as a solution that allows for pooled resources to be reinvested locally, with a primary focus on real estate investments and the flexibility to support various local businesses and projects.
6. The structure and legal underpinnings of creating such funds are elaborated, with an emphasis on staying compliant with the Investment Company Act of 1940 by primarily investing in real estate while also supporting other community ventures.
7. Chris Miller shares examples of piloted funds in Detroit and Cincinnati, aiming to rejuvenate neighborhoods through coordinated efforts involving local nonprofits, faith-based institutions, and innovative building projects to stimulate economic and community development.
8. The conversation addresses the process of raising capital under regulation crowdfunding for these funds, detailing the strategic use of exemptions under the Investment Company Act that allow for raising money from non-accredited investors.
9. Upcoming engagements and opportunities to learn more about diversified community investment funds are mentioned, including Chris Miller's speaking event at SuperCrowdChicago and other informational resources available through NC3.
10. The episode wraps up with a discussion on the potential impact of these investment funds on community revitalization, wealth building, and the importance of capital recirculation within local economies for sustainable development.
See the Impact Crowdfunding Opportunities We're Considering at the Next Impact Cherub Club Meeting
As we gear up for the 1:00 PM Eastern, May 21st, meeting of the Impact Cherub Club, we invite you to join us. The club meets to review impact investments everyone is eligible to make and virtually anyone can afford. We share responsibility for completing basic due diligence before making investments. While members are encouraged to invest in the Club’s picks, no one is required to invest.
The Club is open to all “Impact Members” of the SuperCrowd (our paying subscribers). I don’t touch the money members invest. They do so directly for their own accounts. We benefit from new members by the fresh perspectives they bring and our growing social impact. Please join us!
Next Meeting—May 21, at 1:00 PM Eastern
At our next meeting on May 21, at 1:00 PM Eastern/10:00 AM Pacific, consistent with our plans for future sessions, the agenda will have three items:
Diligence Reports
Education Moment
Preliminary Consideration of New Candidate Investments
SuperCrowdHour: Unleashing the Power of Crowdfunding for Affordable Housing
In today’s SuperCrowdHour webinar, I’ll be visiting with Crowd-Max CEO and regulated investment crowdfunding expert Bill Huston.
Bill is an Inc Magazine Top 19 Global Crowdfunding Expert who has managed or consulted on various investment crowdfunding campaigns that have raised over $700,000 since 2021. Bill was a content consultant for the Rutgers University Crowdfunding With Impact program a board member of The National Coalition for Community Capital, and a founding member of the Black Crowdfunding Coalition along with the 10K Project and Crowd Wall Street. He is also a board member of the Crowdfunding Professional Association.
Crowdfunding Climate Solutions: Empowering Individuals to Invest in Renewable Energy
AI Episode Summary
1. Will Wiseman is the CEO of Climatize, involved in Crowdfunding for climate solutions.
2. Will was inspired to start Climatize after witnessing the 2019 climate strikes in Barcelona and realizing traditional activism was insufficient.
3. Climatize is an SEC-registered funding portal enabling anyone to invest in renewable energy projects with as little as $5.
4. Since launching in May 2023, Climatize has catalyzed nearly $3.5 million in investments into 11 projects across seven states.
5. These projects are projected to avoid emissions equivalent to 65 million vehicle miles.
6. Crowdfunding allows investors to see the tangible impact of their money, different from traditional ESG investments.
7. Climatize has a strong trust factor with investors, resulting in an average check size of $6,000, compared to the industry average of $2,000.
8. Projects on Climatize are often funded quickly, some in as little as two hours.
9. Will attributes his success to aligning his skills with his passions and his ability to self-teach.
10. To encourage investment, new users can receive a $10 credit on Climatize, enabling them to start investing right away.
Upcoming SuperCrowd Event Calendar
If a location is not noted, the events below are virtual.
Impact Cherub Club Meeting hosted by The Super Crowd, Inc., a public benefit corporation, on May 21, 2024, at 1:00 PM Eastern. Each month, the Club meets to review new offerings for investment consideration and to conduct due diligence on previously screened deals. To join the Impact Cherub Club, you must first become an Impact Member of the SuperCrowd.
SuperCrowdHour, June 19, 2024, at 1:00 Eastern. Each month, we host a value-laden webinar for aspiring impact investors or social entrepreneurs. At this month’s webinar, Angela Barbash of Revalue will share insights about moving money from Wall Street to Main Street. Register here.
SuperCrowdChicago, June 12, 2024. This in-person event at Columbia College Chicago features some of Chicago’s prominent citizens and community leaders, along with crowdfunding experts. Use the discount code “SuperCrowd” to save 30 percent!
Recently, we created an AI GPT to help you learn more about The Super Crowd, Inc., a public benefit corporation, and our upcoming events. Click here to try it.
SuperCrowd Community Event Calendar
Crowdfunding Professional Association Webinar, May 29, 2:00 PM ET
The Reg A & Crowdfunding Conference, June 20, Westchester Country Club (Save 20% with the code Super20)
Crowdfunding Professional Association, Summit in DC, October 22-23
If you would like to submit an event for us to share with the 4,000+ members of the SuperCrowd, click here.
