Public Policy and Civil Society:
Options and Issues in Financing the Third Sector
PADM 5212-WINTER TERM 2011
Instructor: Tessa Hebb Time: Thursdays, 11:30am-2:30pm
Office: DT 2104 Room: Dunton 1111 A
Telephone: 613 520-2600 ex 1217 Office Hours: Wed 2:00 pm – 4pm
Fax: 613 520 3561 or by appointment
E-mail: tessa_hebb@carleton.ca
Overview of the Seminar
This seminar will examine options and issues in public policy for financing civil society.
Drawing on literature from economics, law, management, non-profit and philanthropy studies, political science, public policy and sociology, this course will explore debates, strategies, models, tools and laws, regulations and performance assessment associated with government policies that directly or indirectly promote grant-making, lending and equity investing in civil-society organizations. Both supply-side and demand-side policy issues will be examined for such areas of practice as government grants and contracts; private, community and venture philanthropy; earned income and hard-asset building; program-related investing; microfinance; community-based lending; long-term patient loan capital; registered savings plans for persons with disabilities; and targeted investing through pension funds. This course will focus mainly on the experience of Canadian and
US civil society organizations.
Organization of the Seminar
In the first half of the course, classroom sessions will involve lectures, guest speakers and group exercises, and will make extensive use of case-study methods. During this period, participants will be asked to read at 50-60 pages of readings per week, and to present to the class a summary and analysis of one of the readings. Each participant will also be asked to submit a 15-page short essay examining the financing strategies and challenges of one of the case-study partner organizations for the course. In the second half of the course, class participants will be required to carry out a short action-research project on public policy and civil society with an external agency, which may be a government agency, research institute or non-profit organization. The action-research project will result in the production of a case study.
Grading
Participant grades will comprise the following components:
-Class Participation, 25%
-Short Essay, 25%
-Action Research Project Report (Case Study), 50%

Output Deadlines
Participants will be responsible for producing the following outputs on the specified target dates:
1) Summary and Analysis of a Course Reading: in the first half of the course ;
2) Short Essay: Thursday, March, 3 rd
2011 ;
3) Action Research Project Report (Case Study): Thursday, March 31, 2011 ;
Page-number targets refer to double-spaced pages. The short essays will utilize the APA style guide for formatting references or footnotes. Plagiarism will result in a failing grade. Late outputs will be penalized. Outputs will be received by the Instructor via hand, email or fax until midnight of the due date.
COURSE SCHEDULE
Session 1
Thursday, January 6, 2011
-Course Outline, Schedule, Readings and Case Study Project; Student Self-Introductions
-Options and Issues in Financing the Third Sector break
-Introduction to the ARP/Case Study Project, Case study project selection, ethical approaches
Thursday, January 13, 2011
-The Case Study Approach
-The Third Sector Landscape
--ARP/Case Study Projects: Group Initial Discussions, ethics application
Break
-Readings: Phillips (31 pages), Independent Blue Ribbon Panel (30 pages) , Gibson et al
(23 pages) Hall (40 pages), 4 presentations and discussion
Session 3
Thursday, January 20, 2011
- Resource Mobilization Strategies of CSOs: Challenges and Opportunities
-Philanthropy I: Foundations –Types, Operations, Capacity Building
Break
-Readings: Scott (23 pages), Campbell (13 pages); Carmichael C. (30 pages); Moreno &
Plewes (16 pages), Patten (12 pages); 3 presentations and discussion
Session 4
Thursday, January 27, 2011
-Philanthropy: Venture Philanthropy, Intermediaries and Campaigns
-Case Study Analysis: Social Venture Partners’ Replication
Break
-Readings: Kramer (28 pages); Sbarbaro (27 pages); Edwards Just Another Emperor?
(60pages) 2 presentations and discussion

Session 5
Thursday, February 3, 2011
Guest Lecture Katherine Graham 11:35-12:35
-Earned Income: Practice and Policy Dimensions
Break
- ARP/Case Study Projects: Work Planning and Methodology
Readings: Davis & Etchart (12 pages) , Steckel et al (7 pages); Marwell & McInerny (28 pages); Foster (11 pages) Gregory (5 pages) Pharoah (9 pages); 3 presentations and discussion
Session 6
Thursday, February 10, 2011
Guest lecture: George Brown, Ottawa Community Loan Fund 11:35-12:35
-Social Finance I: Concept and Debt (Loan) Financing
Break
-ARP/Case Study Projects: Key Questions/Data Sources/Relevant Models –
Readings: Monitor Report (82 pages/ two people to present ); Harji and Hebb (20 page/ two people present)
Session 7
Thursday, February 17, 2011
Social Finance II Equity-Mission Investing, PRIs, ETIs, Micro finance and Other
Strategies,
Break
Readings; Godeke & Bauer (40pages); Emerson (7 pages) , Emerson & Bonini (28 pages); Bruck (17 pages), Daphnis (8 pages); 3 presentations and discussion
Winter Break
Thursday, February 24, 2011
-No Class
Session 8
Thursday, March 3, 2011
Guest Lecture: Oli Sengupta
-Short Essay-Due Midnight, March 3 rd
, 2011 (By hand, email, fax-15 pages)
-Social Finance III: Measuring Impact
Break
Update on ARP/ Case Study Progress
-Readings: Carmichael I (15 pages), Harji ( 4 pages); Shillington (30 pages); Wood (12);
Martin(8), Jackson (6); Hebb ( 5) 3 presentations and discussion,

Session 9
Thursday, March 10, 2011
No in-class session
-ARP/Case Study Projects: Data Collection and Analysis
Session 10
Thursday, March 17, 2011
No in-class session
-ARP/Case Study Projects: Data Analysis/Write-Up
Session 11
Thursday, March 24, 2011
No in-class session
-ARP/Case Study Projects: Write Up/Presentation Preparation
Session 12
Thursday, March 31, 2011
In Class session
-Wrap up and review
-ARP/Case Study Projects: Finalization and Submission of Reports
-ARP/Case Study Report-Due Midnight, March 31, 2011 (By hand, email, fax-15 pages by each team member)
Session 13
March 28 through April 1, 2011
-Presentations of Case Study Project Reports to Partner CSOs
Bruck, C. “Millions for the Millions.” The New Yorker, October 30, 2006. 12 pages.
Bugg-Levin, Anthony and John Goldstein, “Impact Investing: Harnessing Capital
Markets to Solve Problems at Scale,” Community Development Investment Review,
Federal Reserve of San Francisco, 2009, PDF.
http://www.frbsf.org/publications/community/review/vol5_issue2/bugg_levine_goldstein.
pdf
Campbell, C. “Towards an Enabling Environment for the Non-profit Sector.” Industry
Canada, Ottawa, 2006. 14 pages. (Unpublished Mimeo).
Carmichael, C. “Doing Good Better? The Differential Subsidization of Charitable
Contributions.” School of Public Policy and Administration, Carleton University, Ottawa,
2008. 29 pages. (Unpublished Mimeo).
Carmichael, I.
“It’s our Jobs, It’s our Money: A Case Study of Concert.” In I. Carmichael and
J. Quarter (eds). Money on the Line: Workers’ Capital in Canada. Ottawa: Canadian Centre for Policy Alternatives, 2003. 28 pages. ISBN: 0-88627-287-4.

Daphnis, F. “Housing Microfinance: Toward a Definition.” In F. Daphnis and B. Ferguson
(eds). Housing Microfinance: A Guide to Practice, Bloomfield: Kumarian Press, 2004, 1-14.
14 pages. ISBN: 1-565-49-182-3.
Davis, L. and N. Etchart.
Profits for Nonprofits: An Assessment of the Challenges in NGO
Self-Financing. Santiago: Nonprofit Enterprise and Sustainability Team (NESsT), 1999, 8-
21, 34, 130-133. 18 pages.
Edwards, M. Just Another Emperor? The Myths and Realities of Philanthrocapitalism,
Demos: A Network for Ideas & Action, The Young Foundation,2007, ISBN: 978-0-9816151-
1-0. Pages 7-76.
Elson, P.R. “Tracking the Implementation of Voluntary Sector-Government Policy
Agreements: Is the Voluntary and Community Sector in the Frame?”
International Journal of
Not-for-Profit Law . 8 (4), 2006. 17 pages. ISSN: 1556-5157.
Emerson, J. and S.Bonini
. “The Blended Value Map: Tracking the Intersects and
Opportunities of Economic, Social and Environmental Value Creation,” Executive Summary,
Blendedvalue.org, 2003. 19 pages. (Unpublished Mimeo).
Emerson J. “Capitalism 3.0” Blendedvalue.org
Foster, W. and G. Fine. “How Nonprofits Get Really Big.” Stanford Social Innovation
Review, Spring 2007, 46-55. 9 pages. ISSN: 941156365.
Godeke, S. with D. Bauer. Philanthropy’s New Passing Gear: Mission-Related Investing.
New York: Rockefeller Philanthropy Advisors, 2008, 47-68. 21 pages. ISBN: 978-1-
60643-317-1.
Gibson, K., S. O’Donnell and V.Rideout. “The Project-Funding Regime: Complications for
Community Organizations and their Staff.” Canadian Public Administration, 50 (3), 2007,
411-435. 24 pages. ISBN: 008-4840.
Gregory, A. G. and D. Howard. “The Nonprofit Starvation Cycle.” Stanford Social
Innovation Review, Fall 2009, 49-53. 5 pages. ISSN: 941156365.
Hall, M., C.W. Barr, M. Easwaramoorthy, S.W. Sokolowski and L.M. Salamon. The
Canadian Nonprofit and Voluntary Sector in Comparative Perspective. Imagine Canada,
Toronto, 2005. 39 pages. ISBN: 1-55401-103-5.
Harji K. “Social Return on Investment” Report, Carleton Centre for Community Innovation,
2008. 4 pages
Harji K., Hebb T. “Impact Investing for Social Finance” Working paper 10-04, Carleton
Centre for Community Innovation, Ottawa Canada, 2010, pdf. 20 pages.
Hebb T., “Engaging Institutional Investors in Social Finance” in Making Waves, 20 (3)
Winter 2009-2010

Independent Blue Ribbon Panel on Grant and Contribution Programs. “From Red Tape to
Clear Results.” 30 pages. ISBN: 978-0-662-49799-8.
Jackson E. “Regrouping, Recalibrating, Reloading” (2010) The Philanthropist, 2010, 23 3
359-367
Kramer, M.R. “Catalytic Philanthropy.” Stanford Social Innovation Review, Fall 2009, 30-
35. 5 pages. ISSN: 941156365.
Martin, P. Rt.Hon. “Unleashing the Power of Social Enterprise.” Speaking notes for a presentation to the Munk Centre, University of Toronto, Toronto, 2007. 13 pages.
(Unpublished Mimeo).
Marwell, N.P. and P.B. McInerny. “The Nonprofit/For-Profit Continuum: Theorizing the
Dynamics of Mixed-Form Markets.” Nonprofit and Voluntary Sector Quarterly, 34 (1), 2005,
7-28. 21 pages. ISSN: 089-7640 J344.
Monitor Institute, Investing for Social & Environmental Impact, Monitor Institute, 2009,
PDF.
“Investing for Social and Environmental Impact”, by Monitor Institute. http://www.monitorinstitute.com/impactinvesting/
Moreno, E. and B. Plewes.
“ Thinking Globally? Canadian Foundations and Trends in
International Philanthropy.” Canadian Council for International Cooperation, Ottawa, 2007.
15 pages. (Unpublished Mimeo).
Patten, M. “Redefining the Assets of a Community Foundation: Money, Knowledge, and
Relationships.” In P. D. Hero and P. Walkenhorst (eds). Local Mission-Global Vision:
Community Foundations in the 21 st Century. New York: Foundation Center, 2008, 137-151. 14 pages. ISBN: 978-1-59542-204-0.
Pharoah, C. “The Stellar Rise of the New Philanthropic Intermediary.” Alliance, 12 (1),
2007, 48-51. 4 pages. ISSN: 1359-4621.
Phillips, S.D. “The Intersection of Governance and Citizenship in Canada: Not Quite the
Third Way.” IRPP Policy Matters, 7 (4), 2006. 31 pages. ISSN: 1492-7004.
Sbarbaro, C. “Social Venture Partners’ Replication.” Case Teaching Resource, The
Electronic Hallway, University of Washington, Seattle, 2002. 27 pages.
Scott, K.
“Funding Matters.” Summary Report.
Canadian Council on Social Development,
Ottawa, 2003. 19 pages. ISBN: 0-88810-519-3.
Shillington, R. “The Disability Savings Plan: Policy Milieu and Model Development.”
Caledon Institute on Social Policy, Ottawa, 2005. 30 pages. ISBN: 1-55382-157-2.
Steckel, R., R. Simons, J.Simons and N. Tanen. Making Money While Making A Difference.
Homewood: High Tide Press, 1999, 219-230. 11 pages. ISBN: 0-9653744-9-1.

Wood, A. “The Business Case for Philanthropy and the Commercial Opportunities of the
Growing Citizen Sector.” Ashoka, London, 2007. 12 pages. (Unpublished Mimeo).
Elkington J., P. Hartigan and K.Schwab
“ The Power of Unreasonable People: How Social
Entrepreneurs Create Markets that Change the World”, by. 2008. Harvard Business School
Publishing.
Hebb T., No Small Change , Cornell University Press, Ithaca, NY, 2008.
Prahalad, C.K., The Fortune at the Bottom of the Pyramid , Wharton School Publishing,
2006.
Yunus, Muhammad, Creating a World Without Poverty, Social Business and the Future of
Capitalism , Public Affairs, 2007. Paperback Edition 2009.
Useful Websites
The following websites are recommended:
Alliance Magazine alliancemagazine.org
Ashoka ashoka.org
Association for Non-Profit Research and Voluntary Action arnova.org
BC Social Venture Partners bctsvp.com
Canadian CED Network ccednet-rcdec.ca
Centre for Voluntary Sector Research and Development cvsrd.org
Charities Aid Foundation charitynet.org
Charity Village charityvillage.com
Chronicle of Philanthropy philanthropy.com
CIVICUS civicus.org
Community Foundations of Canada cfc-fcc.ca
Enterprising Non-Profits Program enterprisingnonprofits.ca
Imagine Canada imaginecanada.ca
International Centre for Nonprofit Law icnl.org
International Fund-Raising Group ifrg.org.uk
International Society for Third Sector Research istr.org
Johns Hopkins Non-Profit Sector Project jhu.edu/-ips/CNP
IRED International ired.org.ch
Philanthropic Foundations of Canada pfc.ca
Prince of Wales Business Leaders Forum oneworld.org/pwblf
Resource Alliance resource-alliance.org
RSF Social Finance Reimaging Money Blog http://rsfsocialfinance.org/blog/
Slowmoney slowmoney.org
Social Capital Partners socialcapitalpartners.ca
Social Economy Centre, University of Toronto sec.oise.utoronto.ca
Social Enterprise Magazine socialenterprisemagazine.org

Social Enterprise Coalition (UK) socialenterprise.org.uk
Social Finance (Canada) socialfinance.ca
Social Investment Organization socialinvestment.ca
Synergos Institute synergos.org
Tides Canada Foundation tidescanada.org
United Way of Canada unitedway.ca
Volunteer Canada volunteer.ca
Global Impact Investing Network (www.globalimpactinvestingnetwork.org)
More for Mission (http://www.moreformission.org)
PRI Makers Network (www.primakers.net)
Microfinance Gateway: (http://www.microfinancegateway.org)
Investing for Environmental and Social Impact
Changemakers Journal and Resources ( www.changemakers.net)
Venture Philanthropy Partners (www.venturephilanthropypartners.org)
The Skoll Foundation (www.skollfoundation.org)
Skoll Center for Social Entrepreneurship, Said Business School at Oxford University
(www.socialedge.org)
Social Enterprise Alliance (www.se-alliance.org)
Center for Effective Philanthropy (www.effectivephilanthropy.com)
Business for Social Responsibility (www.bsr.org)
Investors Circle (www.investorscircle.net)
Net Impact (www.net-impact.org)
Fast Company Social Capitalist Awards (www.fastcompany.com/social)
Center for Social Innovation at Stanford Graduate School of Business
(www.gsb.stanford.edu/csi)
Social Investment Forum (www.socialinvest.org)
Frontline World Heroes From a Small World (www.flworld.org)
Acumen Fund (www.acumenfund.org)
Microfinance Information Exchange (www.mixmarket.org)
MicoCredit Enterprises (www.mcenterprises.org)
Women’s World Banking (www.swwb.org)
Accion International (www.accion.org)
XIGI Net (www.xigi.net)