Impact Revolution

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Impact Revolution2018-10-24T15:37:32+00:00

Millennials & Impact Investing: A striking pair for a Broadening Sector

“With a rising group of Millennial investors rushing the field, the idea that impact investing might soon dominate investors’ way of thinking is increasingly conceivable.”

The Article

University Venture Fund II featured in Silicon Slopes Magazine

The David Eccles School of Business and the Sorenson Impact Center are building a unique student experience with impact investing. The University Venture Fund II focuses on impact investing, venture capital, private equity and entrepreneurship. UVF II is also one of the world's largest student-run investment funds. Read more about it in the latest issue of the Silicon Slopes Magazine.

Improving Lives One Data Point At A Time

Arming social impact decision makers with evidence has never been so important. Still, some organizations are afraid of what they might find. The nonprofit Per Scholas has dived into data, and the results have increased its effectiveness at improving people’s lives.

The Article

Why voting is important as a student

As election season approaches quickly, it is important for all of us to make our voice heard. As a student who wants change, it is important for other people my age to realize the importance of voting as well. We as young adults account for 50 percent of the voting population, yet only 19 percent of 18-25 year olds [...]

Stop Hating On Millennials

Hating on millennials seems to have become a popular pastime, but it’s one we simply don’t understand. Check out the incredible work many of our millennial students are doing with Sorenson Impact and see how they are changing the world for the better.

The Article

Lessons from the Millennial Impact Report from Sorenson Impact students

When Calvin Pape interned at the Sorenson Impact Center in Salt Lake City in May 2018, his capitalist mindset was hard-earned. Between having to work part time jobs from when he was 14 and being raised by divorced parents busy with their own lives, “It wasn’t all flowers and unicorns growing up,” he says. It taught the 20-year-old David Eccles [...]

The Social Impact Revolution Is Here

There is a quiet revolution afoot. It may not be as loud as the technology revolution—but some experts predict it will be just as transformative. Its reverberations are being felt across executive boardrooms, foundation offices, statehouses, and start-ups. And it’s fundamentally shifting the way investments are made, policies are penned, funds are endowed, and careers are chosen. This movement, which has been dubbed the Impact Revolution, advances a vision of doing well while doing measurable good.

The Article

Q&A: The next frontier of impact investing, with Jim Sorenson

Impact investing is "the next place" according to our founder, Jim Sorenson.  We sat down with him to talk about what got him started in the social impact sphere and where he sees it heading in the future. Q: How did you first learn about impact investing, and what attracted you to it? A: Before impact investing, I was an [...]

Liberty and Justice: A Social Impact Story

Inspired by the Women’s Peace Movement that ended Liberia’s ravaging civil war, social entrepreneur Chid Liberty — who was born in Liberia and raised in Germany and the U.S. — returned in 2010 to start the first fair trade apparel manufacturing company in Africa: Liberty & Justice. After a devastating outbreak of Ebola that virtually shut down the country and lost the company millions of dollars in contracts, see how Liberty and his workers pivoted their business model and kept the hundreds of precious jobs that Liberty had worked so hard to create.

The Articles

Liberty and Justice Timeline

1989-1997
1999-2003
2010
2014
2014
2015
2015

1989-1997

First Liberian Civil War

Results in a controversial election of warlord Charles Taylor.

1989-1997

1999-2003

Second Liberian Civil War

Women in Liberia engage in a number of movements and protests, including the formation of “Women of Liberia Mass Action for Peace.” This leads to the election of Liberia’s first female president, Ellen Johnson Sirleaf, who was the first female elected head of state in all of Africa.

1999-2003

2010

Starts Liberian Women’s Sewing Project

The Liberian Women’s Sewing Project begins as a tiny start up in the basement of Chid Liberty’s family’s basement, a building that had been taken over by the military during the civil wars. The project was founded on the basis of “fair-trade,” which focuses on good workplace practices, environmental impact, and corporate transparency while maintaining the importance of making profits and being a successful business.

2010

2014

$40 million in contracts

By 2014, Liberty had secured $40 million in contracts to start Liberia’s first garment manufacturing factory.

2014

2014

Ebola outbreak causes state of emergency

Ebola outbreak causes state of emergency, takes the lives of 5,000 Liberians, and the factory is forced to shut down. This pushes Liberty & Justice to the brink of bankruptcy, but local employees preserve business and maintain commitment. Most large contracts with American companies are lost during this hiatus in production.

2014

2015

Liberia declared Ebola-free

World Health Organization finally declares Liberia to be Ebola-free.

2015

2015

Launched one-for-one model, UNIFORM

Liberty & Justice decides to use  excess fabric from unfulfilled past orders to launch a one-for-one model, UNIFORM. For every piece of apparel sold in the U.S., the company would donate a school uniform to a child in Liberia who couldn’t afford it. The company raised funds on Kickstarter and reached its goal of $50,000 in five hours.

  • Currently have 90% female workforce
  • 49% of company is owned by workforce
  • 303 employees as of 2016
2015