Season 242 Episode 8239
S1 E95 - Leveraging Faith for Financial Impact: A Conversation with Tom Bassford of EquityVest
"EquityVest’s Mission to Mobilize Faith-Based Investments For Social Good
http://s4g.biz/04jul24
tl;dr:
1. Tom Bassford, CEO and founder of EquityVest, discussed the platform's mission to mobilize the faith-based community to invest in businesses that promote social good, create sustainable solutions, and lift people out of poverty.
2. EquityVest operates without a strict religious or business-type vetting process, allowing companies to highlight their faith-driven motivations and social impact goals to attract like-minded investors.
3. Bassford shared examples of current offerings on EquityVest, including a ridesharing alternative focused on driver welfare, a faith-based organization creating affordable housing on church land, and a streaming service for the deaf community.
4. EquityVest is unique in being owned by a not-for-profit, with start-up costs covered by program-related investments and donor-advised funds aimed at creating an economic engine for launching businesses without ongoing charitable support.
5. The platform encourages the faith-based community to integrate tangible actions with spiritual beliefs, promoting the idea that addressing physical and emotional needs is as important as the faith-driven message of salvation.
http://superpowers4good.com "
