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1 BFS: Financial instruments for the social economy Dietmar Krüger Member of the Management Board Bank für Sozialwirtschaft AG, Cologne European Workshop.

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Presentation on theme: "1 BFS: Financial instruments for the social economy Dietmar Krüger Member of the Management Board Bank für Sozialwirtschaft AG, Cologne European Workshop."— Presentation transcript:

1 1 BFS: Financial instruments for the social economy Dietmar Krüger Member of the Management Board Bank für Sozialwirtschaft AG, Cologne European Workshop Financing Caritas Activities in Europe - Building Sustainable Financial Strategies Caritas Germany, Caritas Europe, European Office for Social Finance (EOSF) 07 th and 08 th May 2008, Berlin

2 2 © Bank für Sozialwirtschaft AG 2008 Selected financial products from Bank für Sozialwirtschaft 1.Revolving fund Start-up finance and financial assistance for non-statutory welfare services 2.A.B. SANIGA Fund Special-purpose property fund for Church and welfare organisations providing care for the elderly 3.Multifunctional account number system Efficient management of payments received on behalf of fundraising and member organisations

3 3 1. Revolving fund Set-up finance and financial assistance for non-statutory welfare services © Bank für Sozialwirtschaft AG 2008

4 4 1. Revolving fund: set-up finance and financial support for non-statutory welfare services Federation BFS 178m revolving fund trust assets Non-profit organisations and projects Interest- free loans Repay- ments Management fee German government funds Fund assets are replenished when the fund ends

5 5 2. A.B. SANIGA Fund Special-purpose property fund for Church and welfare organisations providing care for the elderly © Bank für Sozialwirtschaft AG 2008

6 6 Purchase or construction Basic system 2. A.B. SANIGA Fund © Bank für Sozialwirtschaft AG 2008 A.B. SANIGA property fund Investor = provides capital Banks = provide debt capital Social care facility Operation Operator Rent Lease Investment company - Fund issuer - Investment decisions - Management Investment committee - Principles of investment policy - Advice Consultants - Advice and analysis regarding the selection of properties and operators

7 7 3. Multifunctional account number system Efficient management of payments received on behalf of fundraising and member organisations © Bank für Sozialwirtschaft AG 2008

8 8 3. BFS multifunctional account number system BFS organisation 37020500333 1234567 150. 00

9 9 © Bank für Sozialwirtschaft AG 2008 BFS organisation 37020500333 1234567 The multifunctional account number system combines the account number of the organisation (payment recipient) … 150. 00 3. BFS multifunctional account number system

10 10 © Bank für Sozialwirtschaft AG 2008 BFS organisation 37020500333 1234567 … with the code of the client (e.g. donor or member number) … 150. 00 3. BFS multifunctional account number system

11 11 © Bank für Sozialwirtschaft AG 2008 BFS organisation 37020500333 1234567 … to make up a 10-digit account number. 1234567 150. 00 3. BFS multifunctional account number system

12 12 © Bank für Sozialwirtschaft AG 2008 BFS organisation 37020500333 1234567 The first three digits are used to identify the organisation (as the payment recipient), … 1234567 150. 00 3. BFS multifunctional account number system

13 13 © Bank für Sozialwirtschaft AG 2008 BFS organisation 37020500333 1234567 … the remaining digits can be allocated as required. 150. 00 1234567 3. BFS multifunctional account number system

14 14 © Bank für Sozialwirtschaft AG 2008 BFS organisation 37020500333 1234567 The account number created in this way clearly identifies the sender. 150. 00 1234567 3. BFS multifunctional account number system

15 15 4. The BFS Mezzanine Fund for the social sector New investment scope for social enterprises – attractive investment options for investors © Bank für Sozialwirtschaft AG 2008

16 16 4. The BFS Mezzanine Fund for the social sector © Bank für Sozialwirtschaft AG 2008 Advisory Board Composed of investors, the Advisory Board provides advice to management when selecting target companies. Target companies = social enterprises which issue profit- sharing rights BFS Mezzanine Fonds GmbH & Co. KG Investor (general partner) Fund management - IM Fünf GmbH (general partner) organisation and administration - IS (founding partner) portfolio structuring Investment analysis and support Support


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