The ins and outs of PRI loans, Alden Global Capital’s buyout of Tribune Publishing, and how public policy can support a solidarity economy.

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** Economic Democracy Weekly
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This week we look at the role of capital, for good and ill, in the struggle for a more just economy. Our lead story shows how a foundation loan (program-related investment) helped scale the nation’s largest bail fund in Brooklyn, New York; the article also addresses the conditions where this kind of support can and cannot work. We also feature a very different story about capital as a media sale further consolidates hedge-fund ownership of local news, making the necessity of nonprofit and co-op models all the more obvious. Another article highlights how changes in legal frameworks in Quebec (Canada) and Andalusia (Spain) facilitate capital access for community-owned firms. Lastly, we feature a video clip from our most recent Remaking the Economy webinar, wherein a panelist relates how capital is just one piece of the puzzle and why access to markets remains an enormous challenge.

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Sometimes a Lender or a Borrower Be: The Dos and Don’ts of PRIs ([link removed])
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Most program-related investments (PRIs) are just low-cost loans. As more foundations make PRIs, nonprofit access increases. But when do these loans make sense? Read more... ([link removed])

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The Digital Fundraising Makeover for Nonprofits ([link removed])
Want to bolster your fundraising strategy and boost donor participation? Check out our latest guide for the tips, templates, and tools you need to get started.
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Hedge Fund Buyout of Tribune Puts More Local Journalism Jobs at Risk ([link removed])
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Alden’s purchase of Tribune Publishing underscores growing hedge fund ownership of local media, and the need for nonprofit and cooperative ownership alternatives. Read more... ([link removed])
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The Modern Nonprofit Chart of Accounts ([link removed])
How do you reduce your GL accounts by greater than 90% while simultaneously gaining reporting flexibility and deep real-time visibility into your financial data?
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Policy for a Solidarity Economy: Lessons from Canada and Spain ([link removed])

At a virtual conference in San Juan, Puerto Rico, local and international speakers describe how public policy can be used to advance a solidarity economy. Read more... ([link removed])

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The Global Online Fundraising Scorecard ([link removed])
Get your free copy of this research study that takes a mystery donor’s look at the online giving experience and email communications of 630 organizations in 9 countries.
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Webinar: Remaking the Economy

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More than Capital: Why Worker Co-ops Need Access to Markets ([link removed])
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In this brief video clip, consultant Camille Kerr, who advises the ChiFresh Kitchen worker cooperative in Chicago, explains why market access is critical to success. Read and watch the video here… ([link removed])

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