Social finance brings the challenge of how to reconcile two dynamics that historically have been opposed: the private interest for profit and the common interest for public benefit.
Increasingly, charities are looking at using their funds and other resources to contribute to positive social change, as well as to obtain a financial return. But does the law permit them to do so?
Are charities legally permitted to make impact investments with their funds? Yes, but, getting to "yes" is not straightforward, and depends on the circumstances.
What if right around now a solid hunk of global finance grew out of its devilishly anti-social phase and over the next few years got a social life, fell in love and got engaged?