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Irish foundation announces new environmental funding

first_img Tagged with: Charities Regulator in Ireland environment Funding About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. Past environmental fundingThe announcement of the Environment and Nature fund follows on from the success of previous funding from the Foundation where they distributed grants of up to €10,000 to 10 organisations to tackle local biodiversity issues.The Foundation will announce details of how it will distribute its new environmental funding over the coming months. The Community Foundation for Ireland has ring-fenced €250,000 to start a fund for the Environment and Nature in 2019 and is committed to doing the same in 2020.Announced at the National Biodiversity Conference in Dublin Castle, the commitment from the Foundation will focus 25% of its own discretionary resources on the environment and nature.The Foundation  is also asking other funders, organisations, individuals and families to partner and contribute to the fund to meet the expected demand and achieve greater impact and scope.Tina Roche, CEO, explained: “It is especially important for communities to engage with biodiversity conservation at the local level, and this is what The Community Foundation for Ireland wants to support and encourage others to support by contributing to the Environment and Nature Fund.”She added that the number of plants, insects, mammals and birds that are threatened or endangered is growing year-on-year.Responding to the challenge of biodiversity loss and reversing these trends is a critical challenge for all sectors of society and one that must be met in our lifetimes, she added.The Foundation states that traditionally there has been minimal philanthropic funding prioritised for environmental issues. According to the Environmental Funders Network, UK trusts and foundations direct between 0.93 per cent and 2.2 per cent of their giving to address climate change. In comparison to the funding other social issues receive, environmental funding is lacking and does not begin to meet the demand for capital.  165 total views,  1 views today Advertisement Howard Lake | 11 March 2019 | News Irish foundation announces new environmental funding  166 total views,  2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis3 AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis3last_img read more

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FHLB – Not only for advances

first_img 1SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,James Lutter D. James (Jim) Lutter is the Senior Vice President of Trading and Operations at PMA Financial Network and PMA Securities where he oversees PMA Funding, a service of both companies … Web: pmafunding.com Details Liquidity, liquidity, liquidity; it’s one of the central themes of 2018.  As loan growth continues to expand, liquidity has returned to the spotlight.  Securing diversified sources though a well-defined liquidity plan is at the forefront of discussion. Instead of cannibalizing their local markets to raise funding, financial institutions look to institutional/wholesale sources and the FHLB for advances. However, an often overlooked opportunity is utilizing the FHLB to issue Letters of Credit (LOC) for the securitization of political subdivision deposits. Political subdivisions, or public entities, can be a consistent and stable source of deposits. They are funded through sales and property taxes, user fees and state and federal sources. Their funding cycles are consistent and repeated annually, regardless of the economic cycle. However, due to state statues and individual investment policies, balances in excess of the FDIC insured limits must be secured in order for a financial institution to participate in deposit opportunities. As an alternative to pledged securities, FHLB Letters of Credit can provide an efficient and acceptable form of collateralization for public unit deposits. An FHLB LOC provides many benefits over the use of pledged securities. A financial institution can expand its acceptable forms to include LOC’s, and furthermore, it frees up their security portfolio to be utilized for other liquidity needs. As a securitization method, FHLB LOCs are highly customizable; furthering their appeal to financial institutions and political subdivisions. The LOC can be issued on an individual basis or pooled. As a pooled source, the LOC is issued to a money manager/agent who, in turn, monitors the LOC’s usage and underlying deposits. The Letter of Credit amount can be issued as a fixed or a fluctuating balance. Also, to provide further flexibility, the terms on the LOCs can be written to a specific maturity date or incorporate evergreen language. As a form of collateralization, LOCs provide more flexibility and convenience than pledged securities. Perhaps the greatest advantage is the lack of need to monitor market values as the LOC is a direct obligation of the FHLB, and therefore is not subject to market fluctuations. Although there are many benefits to using an FHLB LOC, it is important to also examine concerns. Perhaps the largest drawback from utilizing an LOC is that it limits your ability to borrow from the FHLB. Also, LOCs are limited to certain types of depositors, but can be a great tool in seeking out political subdivision depositors. Letters of Credit are a highly customizable tool used to streamline and attract public unit depositors. By reducing the need to encumber securities, financial institutions can free up liquid assets to improve their liquidity ratios and mitigate the need to monitor market value fluctuations. As a securitization method, LOCs are a great option and can provide diversification from FHLB advances in your funding mix.Co-Author: Todd A. Terrazaslast_img read more

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Sanwo-Olu, Sunday Dare charge Eagles to beat Brazil

first_imgRelatedPosts Sanwo-Olu celebrates Sen. Tinubu at 60 Breaking: Sanwo-Olu okays full reopening of churches, mosques, cinemas, gyms Tinubu greets Lagos Deputy Governor at 56 Youth and Sports Minister, Sunday Dare, and Governor Babajide Olusola Sanwo-Olu of Lagos State have pumped up the spirit of the Super Eagles while charging the three-time African champions to defeat Brazil in Sunday’s prestige friendly in Singapore. Both top Nigerian officials spoke to the players and officials of the Super Eagles on telephone when the President of the Nigeria Football Federation, Amaju Melvin Pinnick, visited the team camp on Saturday evening. Pinnick was part of the team’s official training at the Singapore National Stadium and then joined the group for dinner, where he made calls to the Lagos State number one citizen and the Youth and Sports Minister. “I want to commend you all, that is the technical crew, backroom staff and players for the good job you are doing. The whole of Nigeria is behind you. We will be watching the game live here, fully supporting you as you go for a win against the Brazilians,” said Dare. Governor Sanwo-Olu was also on the telephone urging the team to do Nigeria proud by going all out against the five –time world champions. In their responses, Technical Adviser Gernot Rohr and stand-in captain William Troos-Ekong promised that the team will put up a good outing that will do the country proud. Rohr said: “We are having a great time in camp like the one big family that we are. We are hoping not only to do well in tomorrow’s match but also targeting a good start to the 2021 Africa Cup of Nations qualifying campaign against Benin Republic and Lesotho next month.”Tags: Babajide Sanwo-OluCoach Gernot RohrSunday DareSuper Eagleslast_img read more

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