This post was originally produced for Forbes.
James Lee Sorenson, whose late father was listed among Forbes’ billionaires and left his fortune to charity, has focused his significant personal wealth accumulated through his own entrepreneurship on driving impact around the world, by “building a comprehensive impact ecosystem that has the appropriate tools whether that is a philanthropic grant, a social impact bond, or an equity investment to address different societal challenges and create sustainable scalable impact.”
At present, Sorenson, via the Sorenson Impact Foundation, is working on three separate but closely related projects, including the Sorenson Global Impact Investment Center (commonly known as the SGII Center), pay for success financing and an impact investing fund.
Of the SGII Center, he says, “For a variety of reasons, there are limited amounts of risk capital going to support companies of social impact to bridge the gap between purely philanthropic and commercially oriente…