Virginia Impact Summit

ACCELERATING VIRGINIA’S IMPACT ECONOMY THROUGH CATALYTIC PHILANTHROPY, IMPACT INVESTING AND CROSS-SECTOR COLLABORATION.

AGENDA: Virginia Impact Summit

Hosted by the Office of Governor Northam

the Virginia Impact Investing Forum &

Social Entrepreneurship at the University of Virginia

October 4-5, 2018

On the Grounds of the University of Virginia

 

day 1: 10/04 - Alumni Hall

6:30 PM -- Cocktail and Welcoming Remarks

A networking opportunity and conversation about how we will build partnerships across the Commonwealth between impact investing, philanthropy, and government to solve Virginia’s biggest challenges. Discussion of pending legislation, calls for an “Advisory Board on Philanthropy and Social Innovation”, the concept of a “Foundation and Investor Liaison” based in the Governor’s office, an Opportunity Zone clearinghouse for the Commonwealth, innovative use of Medicaid dollars to secure housing for at-risk populations and more.

Remarks

Jim Cheng, former Secretary of Commerce and Trade for the Commonwealth of Virginia, Co-Founder of CAV-Angels, an angel investment network for UVA Alumni, and an active member of several angel investment and early stage private equity firms

Marvin Figueroa, Deputy Secretary of Health and Human Resources for Governor Ralph Northam

 

day 2: 10/05 - Newcomb Hall

 

8:00 - 8:30 AM -- Registration and Breakfast

 

8:30 - 9:00 AM -- Opening Framing & VA Impact Goals (Ballroom)

·       Brian Ball, Secretary of Commerce and Trade

·       Dr. Ralph Northam, Governor of Virginia

 

9:00 - 10:00 AM -- Across the Returns Continuum: Investing for Impact (Ballroom)

Actors in the impact investing sector have return expectations that range from purely philanthropic to fully commercial. Each actor has a role to play and is vital to the growth and success of the sector.

Speakers:

·       Ed Gerardo, Former Director of Community Commitment and Social Investments, Bon Secours Health System  

·       Ross Baird, Founder & CEO, Village Capital

·       Teri Lovelace, Chief Impact Officer & Senior Vice President, Virginia Community Capital (VCC) & President of VCC’s social enterprise – LOCUS Impact Investing LOCUS

·       Alice DonnaSelva, Principal, Intentional Endowment Network

Moderator: John Kluge, Founder & Managing Director, Refugee Investment Network

 

10:00 - 10:15 AM -- Q&A

 

10:15 - 11:00 AM -- Public & Private Capital: Collaborating for Impact (Ballroom)

This session will explore how government can be a catalytic partner for the common good. Topics covered will include social impact bonds, opportunity zones, foundation liaisons and public-private partnerships.

Speakers:

·       Angela Navarro, Deputy-Secretary of Commerce and Trade, State of Virginia

·       Jeff Shumway, Managing Director, Social Finance US

·       Mark Keam, Member of the Virginia House of Delegates 

Moderator: Dr. Christine Mahoney, Frank Batten School of Leadership and Public Policy

 

11:00 - 11:15 AM -- Q&A

 

11:15 - 11:45 AM -- Networking Break

 

11:45 AM - 1:45 PM -- Breakthrough Session #1 - Leveraging Public and Private Capital (Ballroom)

How do we accelerate partnerships between private return-seeking capital, private impact investors and public incentives?

Speakers:

·       Will Lambe, Director of Capital Solutions, Enterprise 

·       Deborah Kasemeyer, Senior Vice President & Director of Community Development & Investment of Northern Trust

·       Fred Karnas, Senior Fellow, Kresge Foundation

Facilitator: Matt Illian, Virginia Impact Investing Forum

Working Lunch Discussion: How do we accelerate partnerships between private return-seeking capital, private impact investors and public incentives? What opportunities do Opportunity Zones present? What challenges exist? What are solutions for overcoming those challenges at the state level and local level? Other possible points of discussion: pending legislation calling for an “Advisory Board on Philanthropy and Social Innovation”, the concept of a “Foundation and Investor Liaison” based in the Governor’s office, an Opportunity Zone clearinghouse for the Commonwealth and more.

Lunch will be served during this working session. Participants are asked to select a table representing a geographic area or a thematic area for which they are interested in brokering public-private collaborations and leveraging public and private capital.

  • Northern Virginia

  • Central Virginia

  • Southwest Virginia

  • Southside Virginia

  • Norfolk

  • Cybersecurity

  • Affordable Housing

  • Early Childhood

  • Opioid Crisis

  • Broadband

  • Rural Economies

  • Education

  • Clean Energy

  • Health Economy

Roaming Facilitators will be circulating. UVA students will be taking notes and aggregating high-level themes for an end-of-summit report:

Dr. Mary Margaret Frank, Darden School of Business

Dr. Bevin Etienne, McIntire School of Commerce

Mr. John Kluge, Founder and Managing Director, Refugee Investment Network

Dr. Christine Mahoney, Frank Batten School of Leadership and Public Policy

Ms. Laura Toscano, Associate Director of Social Entrepreneurship at UVA

Dr. David Touve, Darden School of Business, i.Lab

2:00 - 3:00 PM -- Breakthrough Sessions #2: Scaling the Health Economy (Ballroom)

This session will explore structuring partnerships and financial vehicles to scale access to health care including maternal home visits, improving asthma patient care, tackling the opioid crisis, among others; it will also discuss the intersection of health and housing and introduce innovative new investment decisions by some of Virginia’s forward-thinking healthcare foundations and systems.

·       Dr. Danny Avula, Director of Richmond City Health District

·       Josh Ogburn, Project Director, Richmond Asthma Initiative

·       Elizabeth Whalley Buono, Co-Founder, Virginia Pay for Success Council

·       Michael Smith, Managing Director for Community Investments and the Built Environment, Richmond Memorial Health Foundation

Facilitator: Paul Martin, Batten School of Leadership and Public Policy

 

3:00 - 3:15 PM -- Q&A

 

3:15 - 3:30 -- Coffee Break

 

3:30 - 5:00 PM -- Breakthrough Sessions #3: Scaling Affordable Housing (Theater)

Affordable Housing was ranked as the number one priority for our impact community across the Commonwealth. Soaring housing prices make it difficult for low income families to make ends meet and cover other expenses like childcare, health care and education costs. This session will highlight some of the most innovative initiatives in Affordable Housing across the Commonwealth.

Speakers:

·         Erik Johnston, Director of Virginia Department of Housing and Community Development

·         Jane Henderson, CEO, Virginia Community Capital

·         Allison Bogdanovic, CEO, Virginia Supportive Housing

·         Monique Johnson, COO, Better Housing Coalition

Facilitator: Marland Buckner, MB2 Solutions

 

5:00 - 6:00 PM -- Taking Action & Making Commitments (Newcomb Theater)

 

Conversation prompts:

1. What are innovative approaches to Scaling Health and Affordable Housing in your community?

2. What are the challenges to growing access to Scaling Health and Affordable Housing in your community?

3. What are three things that could be done to overcome these hurdles (i.e. partnerships, financing, policy, etc)

4. What could be done Commonwealth-wide to foster more collaboration between public and private capital to advance the common good?

Participants will report on their “Commitment Forms” - one actionable step they can take in their organizations to advance Impact Investing in Virginia.