SBA now offering loans for nonprofits in Greene, Mercer and Montgomery Counties

Nexstar Broadcasting, Inc. | July 25, 2019

Thursday, the Small Business Administration (SBA) announced that certain Private Nonprofit organizations that don’t provide critical services of a governmental nature might be eligible for low interest rate disaster loans. Associates with the small business administration say when it comes to disaster assistance, nonprofits are often the last group to come looking for help “Nonprofits, depending on what type of services they provide for the community, may not be as active in the disaster loan process in the beginning,” explained Dorris Evans, a public affairs specialist with the SBA.

Spotlight

There are an estimated 170,000+ registered charities & nonprofits in Canada. Charities & nonprofits come from 3 different areas of the economy: Nonprofit Institutions Serving Households provide goods and services to individuals & groups of people at minimal to no cost. These include chambers of commerce, business & professional associations, airport authorities and some amusement and recreational organizations.

Spotlight

There are an estimated 170,000+ registered charities & nonprofits in Canada. Charities & nonprofits come from 3 different areas of the economy: Nonprofit Institutions Serving Households provide goods and services to individuals & groups of people at minimal to no cost. These include chambers of commerce, business & professional associations, airport authorities and some amusement and recreational organizations.

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FINANCIAL MANAGEMENT

iCapital® and Ares Wealth Management Solutions Expand Partnership

iCapital | September 07, 2022

iCapital1, the leading global fintech platform driving access and efficiency in alternative investing for the asset and wealth management industries, and Ares Wealth Management Solutions (“AWMS”) announced today an expansion of their partnership to provide financial advisors and registered independent advisors with greater access to a broadened menu of alternative investment solutions and a comprehensive set of tools to support the development of client portfolios. AWMS is leveraging the broad capabilities of iCapital’s technology to offer investment solutions tailored for the global wealth management community across Ares Management’s credit, private equity, real estate and secondaries asset classes. AWMS will launch an Ares-branded, iCapital-powered site to support the AWMS team as they manage the distribution, marketing and client management activities for various investment solutions, including evergreen, drawdown, exchange and ’40 Act funds. With approximately 110 dedicated professionals backed by the scale of the Ares investment management platform, AWMS is one of the most resourced wealth distribution and client service teams in the alternative investment industry. iCapital will provide feeder fund structuring and management, present the investment for the offering and facilitate the ongoing servicing. This includes investor onboarding, electronic subscription processing, fund servicing and reporting for the life of the investments. In addition to the launch of Ares’ branded distribution and servicing platform powered by iCapital, Ares offers access to a subset of its investment products via the iCapital flagship platform. “We work tirelessly with our strategic partners to continually elevate the experience for advisors and their high-net-worth clients accessing alternatives investing opportunities, We are excited to announce our enhanced and evolving partnership that utilizes many of iCapital’s capabilities to support AWMS in providing broad access to their diverse investment offerings to the global wealth management community.” -Lawrence Calcano, Chairman and Chief Executive Officer of iCapital. This is a differentiating partnership that advances AWMS’ commitment to providing financial advisors and their clients greater access to the breadth of Ares’ institutional-quality products and services, said Raj Dhanda, Global Head of Wealth Management in Ares Wealth Management Solutions. In expanding our relationship with iCapital and powered by its leading digital platform, we are further enhancing AWMS’ ability to meet high-net-worth investors’ demand for alternatives and better support their desired portfolio outcomes. About iCapital: Founded in 2013, iCapital is the leading global fintech company powering the world’s alternative investment marketplace. iCapital has transformed the way the wealth management, banking, and asset management industries facilitate access to private markets investments for their high-net-worth clients by providing intuitive, end-to-end technology and service solutions; education tools and resources; and robust diligence, compliance, and portfolio analytics capabilities. iCapital’s solutions enable organizations to streamline and scale their alternative investments operational infrastructure and to provide access to direct investments and feeder funds at lower minimums through simplified digital workflows. iCapital-managed platforms offer wealth advisors and their high-net-worth clients access to an extensive menu of private investments including equity, credit, real estate, infrastructure, structured investments, annuities and risk-managed solutions. iCapital has been recognized on the Forbes FinTech 50 list in each year 2018 through 2022, the Forbes America’s Best Startup Employers in 2021 and 2022, and MMI/Barron’s Industry Awards as Solutions Provider of the Year in 2020 and 2021. As of July 31, 2022, iCapital services more than US$136 billion in global client assets, of which more than US$32 billion are from international investors (non-US Domestic), across more than 1,080 funds. Employing more than 1,000 people globally, iCapital is headquartered in NYC and has offices worldwide including in Zurich, London, Lisbon, Hong Kong, Singapore, and Toronto. Ares Wealth Management Solutions: Ares Wealth Management Solutions (AWMS) oversees the product development, distribution, marketing and client management activities of investment offerings for the global wealth management channel. With a team of approximately 110 professionals and backed by the power and scale of the Ares Management platform, AWMS represents one of the most resourced wealth distribution and client service teams in the alternatives industry. AWMS’ mission is to provide advisors and their clients access to innovative, solutions-oriented investment opportunities across Ares Management’s credit, private equity, real estate and secondaries strategies. Through our range of institutional and retail structures, coupled with excellent client service and educational resources, we help investors diversify their portfolios with private market solutions that seek to deliver consistent, long-term growth. Ares Management Corporation: Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, private equity, real estate and infrastructure asset classes. We seek to provide flexible capital to support businesses and create value for our stakeholders and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of June 30, 2022, Ares Management Corporation's global platform had approximately $334 billion of assets under management, with over 2,300 employees operating across North America, Europe, Asia Pacific and the Middle East.

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FUNDRAISING,NONPROFIT TECHNOLOGY

FrontFundr raises over $140 million for more than 100 campaigns and launches new fundraising campaign

FrontFundr | September 22, 2022

FrontFundr, Canada’s leading equity crowdfunding platform, announced a significant growth milestone today—the company has surpassed 100 successful closes and processed over $150 million in investments for startups in Canada. To mark this momentous occasion, FrontFundr also launched its own fundraising campaign today, giving everyone the opportunity to invest in the platform itself. Equity crowdfunding allows anyone to invest in private companies and provides an alternative way for companies across a range of funding stages to raise capital. Since launching in 2015, FrontFundr has become the leading platform to invest in the growth of Canada’s most exciting startups and growth stage companies regardless of whether you are a beginner or a seasoned investor. Today’s milestone announcement comes at a time when many Canadians are feeling the pressures of inflation, rising costs and uncertainty in public markets. As wallets and traditional investments dwindle, investing in the private markets are becoming more attractive. They enable people, small and larger investors, to participate in early-stage investment opportunities that could potentially generate high returns while being mostly sheltered from external pressures like market volatility. When someone invests through FrontFundr, the return on those investments are driven by the success of the company, rather than public market sentiment. People can invest in companies they believe in and align with their values and interests. Some companies who have had campaigns on FrontFundr include CAARY, Manzil, Joni, Tiptap and Ecologyst. FrontFundr experienced strong business growth over the summer months and delivered several record results: The platform reached the same number of successful closes in the month of August, as in its entire previous record quarter: 5.5x the number of successful closes of the previous month and 117% higher than the same previous year-to-date period Investor activity increased by 25% quarter-over-quarter in 2022 Revenue increased by 94% quarter-over-quarter in 2022 (almost double from the previous calendar year) “We’re incredibly excited to see equity crowdfunding succeeding here in Canada and poised to go mainstream as we’ve seen in other countries Now that we’ve surpassed 100 successful raises on our platform, we see FrontFundr becoming the go-to platform for people to invest in Canada’s innovation economy while providing promising Canadian private companies access to capital from the public — and this is only the beginning.” -Peter-Paul Van Hoeken, Founder and CEO of FrontFundr. FrontFundr also announced the launch of its own fundraising campaign on the platform today. By listing itself on the marketplace, people have the unique opportunity to directly invest in the Canadian startup ecosystem. The campaign is now open to the public, and anyone can make an investment until Friday, November 4th, 2022. About FrontFundr: FrontFundr is Canada’s leading online private markets investing platform and an exempt market dealer. It provides startups and growth companies access to capital, and gives investors access to private companies they believe in and want to support. With a community of over 30,000 users, FrontFundr gives everyday investors the chance to review and complete private placements on one digital platform. The company’s revolutionary technology allows Canadians to invest in innovative growth businesses in under 12 minutes, starting from as little as $250.

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FUNDRAISING,NONPROFIT TECHNOLOGY,SOCIAL MOVEMENTS AND COMMUNITY

ACE Cash Express Raises Over $5,000 for the Greater Cleveland Food Bank

Greater Cleveland Food Bank | September 21, 2022

ACE Cash Express (ACE), a Populus Financial Group brand, raised $5,401 for the Greater Cleveland Food Bank during ACE's annual fundraising event, the Give A Little Campaign. The money raised paid for 16,200 meals for households in need of food assistance in Cleveland. In 2021, the Food Bank served 343,000 people and more than 87,000 of those people were new, meaning they visited an emergency feeding program for the first time. ACE employees not only raised money for the Greater Cleveland Food Bank, but also volunteered their time distributing meals at the Food Bank's Emergency Food Box Distribution location. During the event, our volunteers served 2,026 families, distributing just over 84,000 pounds of food. "We are proud to support the Greater Cleveland Food Bank, Hunger in the United States continues to grow, and it is our job to help those in the communities where we live and work." -Eric Norrington, Senior Vice President of Public Affairs for Populus Financial Group. The Greater Cleveland Food Bank is a member of Feeding America and works to ensure that everyone in their communities has the nutritious food that they need every day. In 2006, they were awarded "National Food Bank of the Year" by Feeding America for their Children's Nutrition Initiative, which included programs like the Kid's Cafe and Backpacks for Kids. "We greatly appreciate the support of ACE Cash Express, Your gift will make a tremendous difference in the fight against hunger. We couldn't do this without your support!" -Taylor Grillo, Corporate Relations Manager for the Greater Cleveland Food Bank. Nationally, the 2022 Give A Little Campaign raised more than $164,000 through the commitment of ACE Cash Express employees and the generosity of our customers. All the money raised went directly to local chapters of charities across the country including AdoptAClassroom.org, Alex's Lemonade Stand Foundation, American Red Cross, Autism Speaks, Back on My Feet, Feed My Starving Children, Feeding America's Local Food Banks and Homes For Our Troops. This fundraiser is a part of the ACE Community Fund, ACE's charitable–giving program, which has donated more than $16 million since its inception in 2004 to organizations in communities where ACE operates. About Populus Financial Group: Populus Financial Group™ provides financial services through its family of brands including ACE Cash Express®, ACE Elite® Visa® Prepaid Debit Card, Flare Account® and Porte™. Populus Financial Group delivers a broad range of financial products and services including short-term consumer loans, card services, check cashing, money transfers, bill payments and money orders. About Greater Cleveland Food Bank: The Greater Cleveland Food Bank is the largest hunger relief organization in Northeast Ohio having provided more than 52 million pounds of food in FY2021 to more than 343,000 hungry people in Cuyahoga, Ashtabula, Geauga, Lake, Ashland and Richland counties. Our mission is working together to ensure that everyone in our communities has the nutritious food they need every day. We do this through both food distribution and SNAP outreach efforts. The Food Bank continues to provide nutritious food to those in need while working to end hunger tomorrow through connecting clients to resources.

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