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Jay Hein, President of Sagamore Institute, spoke Thursday at the Frankfort Rotary Club at Arborwood.
Sagamore Institute is a 14 Million Dollar Enterprise based in Indianapolis. The core of the Institute’s mission is to partner with the power of entrepreneurism to bring ideas to action to improve quality of life based on faith, markets and putting the right people in the right places.
An example:
Travis and Gina Sheets partner with the Sagamore Institute to teach best farming practices in Liberia. Hein gave an example of investing a million dollars to raise chocolate in Liberia, resulting in a 5% return on the investment while helping lift Liberian workers out of poverty by being gainfully employed in a mutually valuable enterprise.
Jay Hein, President of Sagamore Institute, speaks at Frankfort Rotary Club Thursday.
Sagamore Institute was started by Dan Coats in 2004 after the Hudson Institute moved to Washington D.C. from Indianapolis. Now the Institute employs 50 people and funds $4,000,000 in projects annually. “Impact investing” can affect the state, nation and world, said Hein. Sagamore Institute think tank takes a different tack than other Washington D.C. think tanks which often define themselves in a tribe of like-minded citizens and then posts opposition ideas and communication to fight opposing ideas accordingly, thereby gaining an energized revenue base.
Impact Investing at the Sagamore Institute largely by-passes contention and opposition and operates with “sleeves rolled up” tackling problems like poverty, healthcare, jobs and other problems with enterprise and markets, not charity.
