Deals that Make a Difference: Delta Institute

Delta Institute’s long-range vision is to transform the Great Lakes Region into the center of the rapidly growing green economy.

We’re exited to announce that another great nonprofit has received funding through Investing In Communities! Investing In Communities (IIC) recently distributed over $10,900 to our Nonprofit Partner, Delta Institute. What made this philanthropy possible?

Delta Institute generated free funding for itself by working with a socially responsible real estate professional. With its lease nearing expiration, Delta Institute chose to look for a new space and to be represented by Michael Pink of MAP Real Estate, Inc. As an IIC Real Estate Member, Michael is making real estate deals make a difference. Through IIC, at least 10% of Michael’s IIC-related commissions go to the nonprofit/s his client selects. For this transaction, Michael pledged to send 15% of his commission to IIC, dedicated to the nonprofit of Delta’s choice. In fact, Michael pledges at least 10% of every commission to the nonprofit of his client’s choice.

Delta Institute’s President and CEO Jean Pogge embraced this opportunity to secure funding for Delta at no cost. Jean says, “This check from Investing In Communities made my day, my week, and my year. Thank you so much for pioneering this new way of doing business!”

Public Benefit Corporations: providing a legal framework for investing in our communities

Guest post by Layton Olson. Layton specializes in representing tax exempt community, trade, and professional organizations at Howe & Hutton LTD.

Layton Olson, Attorney with Howe & Hutton LTD.

Last month, a dozen companies committed to advancing social good filed to be classified as ‘Benefit Corporations’ in California. Their decisions represent a commitment to business strategies that systematically contribute financial, time, human, and other resources to charitable, educational and community improvement initiatives and institutions.  California has joined the six states – Vermont, Maryland, New York, New Jersey, Virginia and Hawaii- that have enacted so-called public benefit or “B Corp” legislation since 2010.  Colorado, North Carolina, Pennsylvania and Michigan and some cities have similar laws under consideration.

While traditional C Corporations are chartered to maximize benefit (i.e. profits) for shareholders, the B Corporation is legally chartered to consider and benefit stakeholders – a group that also includes employees, the environment, vendors, and the broader community…

Real Estate Deals that Make a Difference: Increasing Women’s Access to Prenatal and Postpartum Care

This month, we’ll be spotlighting the impact achieved by three Nonprofit Partners as a result of receiving funding through Investing In Communities. Last week, we highlighted the amazing work of Chicago Bilingual Nurse Consortium. Today, we’ll be learning about another fascinating nonprofit: Centro San Bonifacio. And stay tuned as we share more inspiring tales of real estate deals that make a difference!

Spotlight: Centro San Bonifacio

Real Estate Deals That Make a Difference: Immigrant Nurse Receives Scholarship to Continue English Studies

This week, we’ll be spotlighting the impact achieved by three Nonprofit Partners as a result of receiving funding through Investing In Communities. And first up, let’s hear it for Chicago Bilingual Nurse Consortium! Stay tuned on Wednesday, January 11, and Friday, January 13, to read more inspiring tales of real estate deals making a difference.

Spotlight: Chicago Bilingual Nurse Consortium

Virginia Jaime would have to drop her class. She had registered for a TOEFL course at Chicago Bilingual Nurse Consortium, but times had gotten tough for her and her family. As a licensed nurse in Mexico, Virginia had helped her family live a comfortable life. However, she needed to improve her English to become licensed in the US. Without this class, she couldn’t learn English and couldn’t support her family. Even the $200 price tag was too much. She was stuck. 

Real Estate Deals That Make A Difference: PAWS Chicago

Associated Publications and IIC Present $4,800 in Free, Unrestricted Funding to PAWS Chicago

This November, Investing In Communities distributed $4,796 to our Nonprofit Partner, PAWS Chicago. What made this philanthropy possible?

Associated Publications Inc. (API) made its real estate deal make a difference through IIC by working with a socially responsible real estate professional. With its lease nearing expiration, Associated Publications chose to be represented by Michael Pink of MAP Real Estate, Inc. As an IIC Real Estate Member, Michael can use IIC to pledge at least 10% of his compensation to the nonprofit/s his client selects. For this transaction, Michael used IIC to dedicate 15% of his compensation to API’s preferred nonprofit. In fact, Michael pledges at least 10% of every commission to the nonprofit of his client’s choice. Michael is doing business, doing good, “and getting a lot of business doing it!” he says enthusiastically.

Associated Publications Editor-in-Chief Bonnie Krueger-Spurlock embraced this opportunity to support a meaningful cause at no cost to the company. She selected PAWS Chicago to receive the IIC funds from this transaction. PAWS Chicago is the city’s largest no-kill humane organization, focused on ending the killing of homeless pets. 

RE: “Doing good is good for business.”

Yes it is.

Ever since IIConline.org launched back in November 2010, we’ve brought the concept of doing business, doing good to the real estate industry. Why? Well, like most, we believe in doing right by our community. We’re also friendly Midwesterners. But most importantly, we know from experience that doing good is just good business.

Branson's Virgin Group recently acquired Northern Rock and is resurrecting the troubled bank as Virgin Money

But don’t take our word for it. Really, don’t. In fact I would much prefer if you took Richard Branson’s word for it. Or maybe Colin Dyer’s. These guys know a thing or two about business. The founder of Virgin Records, Virgin Atlantic Airways, Virgin Mobile, and the much-hyped Virgin Galactic (yes that’s on-demand space travel) among others, Branson is worth around $4.3 billion.   Dyer oversees the second largest publicly traded commercial brokerage firm in the world – Jones Lang LaSalle – with over 40,000 employees in 750 locations across 60 countries.

Both are on record with very public declarations that social responsibility is  good business.

In 2010, Dyer released a white paper titled The Business Case for CSR in which he provides bottom-line arguments for JLL’s commitment to socially responsible business practices. He frames the company’s six pillars of corporate social responsibility (CSR) in the context of competitiveness, market opportunity, efficiency, enterprise risk, and reputation – metrics that even “the most single-minded profit-oriented shareholder” can endorse.

And recently, Richard Branson sat down with The Telegraph to discuss the upcoming release of his book, unpoetically titled Screw Business as Usual.

Okay. We’re Listening.

Real Estate Makes a Difference for 15 Nonprofits

Can the simple act of signing an office lease fund college visits for 350 disadvantaged youth? Can it prevent an aspiring nurse from dropping out of training? Could it provide at-risk children with a safe place to learn and play? As Urban Partnership Bank and IIC proved, an everyday real estate transaction can do all that and more.

attendees await the awards

On October 25th, over 150 leaders from Chicago’s nonprofit and business community turned out  to celebrate a new kind of philanthropy. Fifteen fantastic nonprofits received a total of $42,000 in free, unrestricted funding through IIC, thanks to Urban Partnership Bank’s socially responsible, business savvy decision.

Urban Partnership Bank (UPB) seized a unique opportunity: secure office space while benefitting its community at the same time. How? The bank required competing brokers to participate in Investing In Communities (IIC) if they wanted to win its assignment.  UPB awarded its assignment to a broker who agreed to participate in IIC, by pledging at least 10% of his commission on that deal to nonprofits.

By using IIC as bargaining tool, the bank generated $42,000 in philanthropy, at no cost to itself, just by finding office space. That’s right $42,000 in corporate philanthropy – for free.