September 5, 2018
Good Returns Launches New Program with ORIX USA That Will Change How Corporations Give Back
Unique Model Enables ORIX USA to Reinvest Funds and Make a Greater Impact on Communities
Dallas, TX – September 5, 2018 – ORIX Corporation USA (“ORIX USA”), through its foundation, announced today that it will deploy $250,000 in capital to Good Returns in the form of a one-year, interest-free loan, or “Cycle." This Cycle, which is Good Returns’ first-ever with a multi-national corporation, will utilize the capital to help impact organizations scale sustainable programs that align with the ORIX Foundation's key focus areas of basic needs, children, education, empowerment, health and veterans.
The ORIX Foundation was able to make this impact investment separate from their capital pool used for grant-making because of Good Returns' unique model, which guarantees that participating companies will have 100 percent of their capital returned following each one-year Cycle. The financial guarantee also enables the ORIX Foundation to reinvest the funds into future Cycles, creating an impact multiplier that will supplement its already established grant-making activities.
"In line with the values established by ORIX USA, our foundation seeks financially innovative models that maximize the impact we create in our local communities – something we’ve certainly found in Good Returns,” said Carol Greene, ORIX Foundation Director. “Our partnership in this new program will empower other companies and corporate foundations to do the same.”
After four years of successful Cycle programs with partner organizations, Good Returns has built infrastructure to facilitate bigger investments from larger companies. Good Returns sought out the ORIX Foundation because of their mutual dedication to increasing social impact through innovative solutions to pressing community challenges. To date, the ORIX Foundation has invested more than $16 million in solutions to complex community issues.
“This partnership will establish a new and effective way for companies and corporate foundations to mobilize more of their resources for doing good in their communities,” said Kyle Lukianuk, President of Good Returns. “We are thrilled to be partnering with ORIX to elevate our program to a whole new level."
Good Returns utilizes corporate capital to lend – interest-free and fully guaranteed – to the most promising impact organizations aligned with the participating company's impact priorities. In addition to capital, the Cycle also provides a platform in which customers, employees and other company stakeholders share the stories of impact - growing awareness and creating action.
The selection of recipient impact organizations for the ORIX USA/Good Returns Cycle is currently being finalized and will be announced in the coming weeks.
ABOUT GOOD RETURNS
Good Returns is a Dallas-based hybrid social enterprise focused on mobilizing the world’s capital for good. Its unique model combines innovative finance and storytelling to develop world-improving relationships between companies and organizations that are sustainably addressing humanity’s most pressing challenges.
For more information, visit www.goodreturns.org.
ABOUT ORIX FOUNDATION
ORIX Foundation is a charitable foundation sponsored and managed by ORIX Corporation USA and its employees to advance education, strengthen communities and improve lives. The foundation awards direct grants to not-for-profit organizations and matches the charitable contributions and fundraising of each ORIX USA, RED Capital and Boston Financial Investment Management employee up to $10,000 each year. Since it was founded in 2009, ORIX Foundation has committed more than $16 million to nonprofit organizations in North Texas, home to ORIX USA’s headquarters, and other markets where ORIX employees live and work.
For more information, visit www.orixfoundation.org.