Human Resources committee  I think as of 2013 it's something like $532 million. That's as of 2013. There's a holding period of about 40 years. I don't know the exact number prior to 1975, but that would be what would in theory be going back to the Receiver General.

Human Resources committee  Exactly. It works in the following way. The bank accounts originate in any national bank or government bank. In the Canadian case, it could be RBC, TD, or BMO. For those people who have open bank accounts, who may have passed away or something else and haven't accessed those fun

Human Resources committee  —is a good or bad thing potentially? I think it—

Human Resources committee  I see.

Human Resources committee  I would say that it all depends on the type of structure used. As an example, one of the groups that we work with is the angel investment community. By angel investors, I'm referring to individuals who would finance or take the highest risk associated with a particular investmen

Human Resources committee  On my firm's part, we act as an advisor to investors. We work with them to help mobilize their capital. In some cases what we are looking for is a way to creatively deploy any type of revenues that would come out of these initiatives. In the example that I offered, the affordable

Human Resources committee  Just to clarify, the first part of your question concerns the level of autonomy that a recipient of social finance may be able to receive from private capital. Is that correct? So your question is whether that—

Human Resources committee  Sure. Again, in the vein of designing the measurable impact based on the initiative that's being created, I actually had a group of international students from Abu Dhabi back in 2012. I called them the Abu Dhabi boys. They actually created a recyclable heating system It was effe

Human Resources committee  When we look to work with investors to bring them into specific funds or other types of models, the whole goal is the alignment of values. All the groups that participate in any given investment opportunity need to align fundamentally with the social outcome they are all meant to

Human Resources committee  Absolutely, and I would agree with you very much in terms of the importance of metrics and the ability to assess and quantify or at least capture the impact that's being generated by the investments. The way I would think of this is more in how the metrics can be constructed and

Human Resources committee  Thank you very much. Again, thank you for the opportunity to speak to the committee on this very important topic. My comments will echo many of Magnus's comments about the role of the private sector in enabling social finance. I'll begin by offering the committee my perspective

Human Resources committee  You did a fantastic job.

Public Safety committee  Again, I'm giving you examples in the real estate housing space mainly because that's the area of experience that we have as a firm. There's something called the life lease. I mentioned it in my notes. For those who haven't heard of the model, a life lease is a mechanism that som

Public Safety committee  You mean specifically for crime prevention?

Public Safety committee  If I were to look at an intervention for crime prevention, I would look to a couple of criteria. One would be, is this something that can show long-term reduction in recidivism? If the current programming can generate—I don't know the specific targets, but let's say that today yo